CIBC Asset Management Inc bought a new position in shares of BRP Inc. (NASDAQ:DOO – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 328,020 shares of the company’s stock, valued at approximately $23,758,000.
A number of other institutional investors also recently modified their holdings of the business. Signaturefd LLC acquired a new position in shares of BRP in the fourth quarter valued at about $43,000. PNC Financial Services Group Inc. acquired a new stake in BRP in the 4th quarter worth about $142,000. Intact Investment Management Inc. bought a new stake in BRP in the 4th quarter valued at about $156,000. Annex Advisory Services LLC acquired a new position in shares of BRP during the 4th quarter worth approximately $279,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of BRP during the 4th quarter worth approximately $284,000.
BRP Trading Up 1.9%
NASDAQ DOO opened at $62.82 on Friday. The stock’s 50 day moving average price is $61.27. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of 23.71 and a beta of 0.89. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.30 and a quick ratio of 0.61. BRP Inc. has a 1 year low of $46.06 and a 1 year high of $81.89.
BRP Announces Dividend
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on DOO. Royal Bank Of Canada reiterated an “outperform” rating on shares of BRP in a research report on Friday, May 29th. UBS Group restated a “neutral” rating on shares of BRP in a research note on Friday, April 24th. Wells Fargo & Company assumed coverage on BRP in a report on Wednesday, March 11th. They issued an “overweight” rating for the company. Seaport Research Partners downgraded BRP from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 15th. Finally, National Bank Financial lowered BRP from an “outperform” rating to a “sector perform” rating in a report on Wednesday, April 15th. Four investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $85.33.
Read Our Latest Analysis on DOO
BRP Company Profile
BRP Inc, headquartered in Valcourt, Quebec, designs, manufactures and distributes powersports vehicles and propulsion systems for recreational and utility use. The company traces its roots to the Bombardier family and the early development of the snowmobile, and it operates as a global manufacturer of recreational vehicles and related technologies.
BRP’s product portfolio includes snowmobiles, personal watercraft and sport boats, off-road vehicles (including all-terrain and side-by-side models) and three‑wheel on‑road vehicles.
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