BRP (NASDAQ:DOOO) Given New $68.00 Price Target at Citigroup

BRP (NASDAQ:DOOO) had its target price raised by Citigroup from $51.00 to $68.00 in a report released on Wednesday morning, MarketBeat.com reports. Citigroup currently has a neutral rating on the stock.

A number of other research analysts have also weighed in on the stock. Canaccord Genuity Group raised shares of BRP from a “hold” rating to a “buy” rating in a research report on Tuesday. Desjardins raised shares of BRP from a “hold” rating to a “buy” rating in a research report on Friday, May 30th. CIBC raised shares of BRP from a “neutral” rating to a “sector outperform” rating in a research report on Tuesday. TD Securities raised shares of BRP from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 30th. Finally, National Bankshares set a $105.00 price objective on shares of BRP and gave the stock a “sector perform” rating in a research report on Tuesday. Four analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, BRP presently has an average rating of “Moderate Buy” and an average price target of $71.50.

BRP Stock Up 0.1%

Shares of NASDAQ DOOO opened at $65.50 on Wednesday. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.34 and a quick ratio of 0.58. The company has a 50-day moving average price of $53.84 and a 200-day moving average price of $44.16. BRP has a 1 year low of $31.78 and a 1 year high of $67.33. The stock has a market capitalization of $4.78 billion, a P/E ratio of -272.92 and a beta of 1.19.

BRP (NASDAQ:DOOO) last released its quarterly earnings results on Friday, August 29th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.34. BRP had a negative net margin of 0.34% and a positive return on equity of 61.26%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.77 billion. BRP has set its FY 2026 guidance at 3.090-3.460 EPS. On average, equities research analysts forecast that BRP will post 3.15 EPS for the current fiscal year.

BRP Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be given a $0.215 dividend. This is a positive change from BRP’s previous quarterly dividend of $0.16. This represents a $0.86 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 30th. BRP’s payout ratio is presently -262.50%.

Institutional Trading of BRP

Hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. raised its position in shares of BRP by 905.8% in the second quarter. Osaic Holdings Inc. now owns 694 shares of the company’s stock valued at $34,000 after purchasing an additional 625 shares during the period. Sagard Holdings Management Inc. bought a new stake in shares of BRP in the second quarter valued at approximately $41,000. Raymond James Financial Inc. bought a new stake in shares of BRP in the second quarter valued at approximately $60,000. Acadian Asset Management LLC bought a new stake in shares of BRP in the first quarter valued at approximately $70,000. Finally, State of Wyoming bought a new stake in shares of BRP in the first quarter valued at approximately $93,000.

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.