Zacks Research Downgrades BRP (NASDAQ:DOOO) to Hold

BRP (NASDAQ:DOOO) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

DOOO has been the subject of a number of other reports. Royal Bank Of Canada upped their price target on BRP from $100.00 to $107.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Weiss Ratings reissued a “sell (d+)” rating on shares of BRP in a research report on Wednesday, October 8th. Cibc World Mkts raised BRP from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 1st. Scotiabank restated a “sector perform” rating on shares of BRP in a research note on Tuesday, September 2nd. Finally, CIBC upgraded shares of BRP from a “neutral” rating to a “sector outperform” rating in a research report on Tuesday, September 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.60.

BRP Stock Performance

DOOO traded up $0.40 on Monday, reaching $64.79. 12,704 shares of the stock were exchanged, compared to its average volume of 234,458. The company’s 50-day moving average price is $64.54 and its 200 day moving average price is $53.36. The firm has a market capitalization of $4.73 billion, a PE ratio of -270.29 and a beta of 1.21. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.34 and a quick ratio of 0.55. BRP has a fifty-two week low of $31.78 and a fifty-two week high of $68.45.

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

Institutional Trading of BRP

Large investors have recently modified their holdings of the business. Osaic Holdings Inc. lifted its stake in BRP by 905.8% during the second quarter. Osaic Holdings Inc. now owns 694 shares of the company’s stock worth $34,000 after purchasing an additional 625 shares during the last quarter. Sagard Holdings Management Inc. bought a new stake in shares of BRP during the 2nd quarter valued at about $41,000. Raymond James Financial Inc. acquired a new stake in BRP during the second quarter worth about $60,000. JPMorgan Chase & Co. increased its position in BRP by 1,057.4% in the third quarter. JPMorgan Chase & Co. now owns 1,088 shares of the company’s stock worth $66,000 after buying an additional 994 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in shares of BRP during the first quarter valued at $70,000.

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.