BRP Inc. (NASDAQ:DOOO) Receives $97.00 Average PT from Analysts

BRP Inc. (NASDAQ:DOOO) has been assigned a consensus recommendation of “Hold” from the nine research firms that are currently covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $97.00.

DOOO has been the subject of a number of research analyst reports. Desjardins cut BRP from a “moderate buy” rating to a “hold” rating in a research note on Sunday, September 8th. National Bank Financial cut BRP from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, August 21st. Cibc World Mkts cut BRP from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th. Stifel Nicolaus cut BRP from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Finally, UBS Group decreased their price target on BRP from $66.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, September 13th.

Institutional Trading of BRP

Hedge funds and other institutional investors have recently bought and sold shares of the stock. US Bancorp DE grew its holdings in BRP by 350.0% during the third quarter. US Bancorp DE now owns 414 shares of the company’s stock worth $25,000 after acquiring an additional 322 shares during the period. UniSuper Management Pty Ltd grew its holdings in BRP by 66.7% in the first quarter. UniSuper Management Pty Ltd now owns 500 shares of the company’s stock valued at $34,000 after purchasing an additional 200 shares during the period. Dnca Finance acquired a new stake in BRP in the second quarter valued at approximately $66,000. Spartan Fund Management Inc. acquired a new stake in BRP in the third quarter valued at approximately $72,000. Finally, DRW Securities LLC acquired a new stake in BRP in the third quarter valued at approximately $161,000.

BRP Trading Up 0.8 %

DOOO opened at $48.09 on Friday. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 19.95 and a beta of 2.07. The company has a current ratio of 1.32, a quick ratio of 0.37 and a debt-to-equity ratio of 4.99. BRP has a 12 month low of $47.36 and a 12 month high of $75.92. The stock has a fifty day moving average price of $55.77 and a 200-day moving average price of $63.03.

BRP (NASDAQ:DOOO) last released its quarterly earnings results on Friday, September 6th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.22 by $0.23. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.35 billion. BRP had a return on equity of 79.58% and a net margin of 2.78%. As a group, equities research analysts anticipate that BRP will post 2.3 earnings per share for the current fiscal year.

BRP Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a $0.152 dividend. This represents a $0.61 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Friday, September 27th. BRP’s payout ratio is 25.73%.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.