BRP Inc. (NASDAQ:DOOO) Receives Consensus Recommendation of “Hold” from Analysts

BRP Inc. (NASDAQ:DOOO) has been given a consensus recommendation of “Hold” by the eleven research firms that are currently covering the firm, MarketBeat reports. Ten equities research analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $53.75.

A number of equities research analysts have recently commented on the company. Citigroup raised BRP from a “sell” rating to a “neutral” rating and increased their target price for the stock from $27.00 to $37.00 in a research note on Friday, April 4th. Robert W. Baird reissued a “neutral” rating and issued a $43.00 target price (down from $48.00) on shares of BRP in a research note on Friday, April 4th. Baird R W cut BRP from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. TD Securities reissued a “hold” rating on shares of BRP in a research note on Thursday, March 27th. Finally, UBS Group lowered their price target on BRP from $45.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, April 23rd.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Aviso Financial Inc. lifted its holdings in BRP by 57.3% in the first quarter. Aviso Financial Inc. now owns 21,023 shares of the company’s stock valued at $710,000 after acquiring an additional 7,655 shares during the period. Russell Investments Group Ltd. lifted its holdings in BRP by 75.3% in the first quarter. Russell Investments Group Ltd. now owns 3,820 shares of the company’s stock valued at $129,000 after acquiring an additional 1,641 shares during the period. Nuveen LLC bought a new position in BRP in the first quarter valued at about $990,000. Aigen Investment Management LP bought a new position in BRP in the first quarter valued at about $451,000. Finally, Invesco Ltd. lifted its holdings in BRP by 6.2% in the first quarter. Invesco Ltd. now owns 1,234,801 shares of the company’s stock valued at $41,749,000 after acquiring an additional 71,544 shares during the period.

BRP Trading Up 1.2%

NASDAQ DOOO opened at $37.66 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 1.37 and a debt-to-equity ratio of 5.19. BRP has a twelve month low of $31.78 and a twelve month high of $74.00. The firm has a market capitalization of $2.75 billion, a PE ratio of 20.03 and a beta of 1.17. The stock’s 50 day moving average is $35.80 and its 200 day moving average is $43.97.

BRP (NASDAQ:DOOO) last released its earnings results on Wednesday, March 26th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.07. BRP had a return on equity of 61.20% and a net margin of 2.29%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Research analysts forecast that BRP will post 3.15 earnings per share for the current fiscal year.

BRP Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, April 4th were issued a dividend of $0.1508 per share. This is an increase from BRP’s previous quarterly dividend of $0.15. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Friday, April 4th. BRP’s dividend payout ratio is presently -29.21%.

BRP Company Profile

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.