BRP Inc. (NASDAQ:DOOO) has been given a consensus rating of “Buy” by the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $68.38.
A number of research firms have weighed in on DOOO. UBS Group upped their target price on BRP from $49.00 to $63.00 and gave the stock a “buy” rating in a report on Tuesday, September 1st. Zacks Investment Research upgraded BRP from a “hold” rating to a “strong-buy” rating and set a $66.00 target price on the stock in a report on Tuesday, December 1st. Royal Bank of Canada upgraded BRP from a “sector perform” rating to an “outperform” rating in a report on Thursday, November 26th. ValuEngine downgraded BRP from a “hold” rating to a “sell” rating in a research note on Wednesday, December 2nd. Finally, BMO Capital Markets upped their price target on BRP from $70.00 to $74.00 and gave the stock a “market perform” rating in a research note on Thursday, November 26th.
A number of institutional investors have recently made changes to their positions in the stock. Cidel Asset Management Inc. raised its holdings in BRP by 2.5% in the 3rd quarter. Cidel Asset Management Inc. now owns 10,278 shares of the company’s stock worth $541,000 after purchasing an additional 246 shares during the period. Great West Life Assurance Co. Can raised its holdings in BRP by 10.2% in the 3rd quarter. Great West Life Assurance Co. Can now owns 5,937 shares of the company’s stock worth $307,000 after purchasing an additional 549 shares during the period. DekaBank Deutsche Girozentrale bought a new position in BRP in the 3rd quarter worth $31,000. CIBC Asset Management Inc raised its holdings in BRP by 3.3% in the 3rd quarter. CIBC Asset Management Inc now owns 38,535 shares of the company’s stock worth $2,034,000 after purchasing an additional 1,227 shares during the period. Finally, JPMorgan Chase & Co. bought a new position in BRP in the 3rd quarter worth $113,000. 25.95% of the stock is currently owned by institutional investors.
DOOO traded up $0.73 during midday trading on Tuesday, reaching $65.09. 53,146 shares of the company’s stock traded hands, compared to its average volume of 114,046. BRP has a 52 week low of $12.97 and a 52 week high of $68.77. The firm has a fifty day moving average of $58.66 and a two-hundred day moving average of $51.44. The stock has a market capitalization of $5.72 billion, a price-to-earnings ratio of 36.36 and a beta of 3.03.
BRP (NASDAQ:DOOO) last posted its earnings results on Tuesday, November 24th. The company reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $1.12. BRP had a negative return on equity of 67.06% and a net margin of 3.78%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.19 billion. As a group, equities analysts predict that BRP will post 3.95 earnings per share for the current fiscal year.
The business also recently announced a Variable dividend, which will be paid on Thursday, January 14th. Investors of record on Thursday, December 31st will be issued a $0.083 dividend. The ex-dividend date is Wednesday, December 30th. This represents a yield of 0.6%.
BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersport vehicles and marine products worldwide. It operates through two segments, Powersports and Marine. The company offers all-terrain, side-by-side, and three-wheeled vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircraft.
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