BRP Inc. (NASDAQ:DOO – Get Free Report) has received an average recommendation of “Hold” from the fourteen brokerages that are currently covering the company, Marketbeat reports. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $83.00.
DOO has been the subject of several research analyst reports. Citigroup dropped their price objective on BRP from $75.00 to $74.00 and set a “buy” rating for the company in a research note on Friday, May 29th. National Bank Financial reaffirmed a “sector perform” rating on shares of BRP in a report on Wednesday, August 19th. UBS Group dropped their price target on BRP from $78.00 to $68.00 and set a “neutral” rating for the company in a research report on Friday, June 5th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of BRP in a report on Friday, May 29th. Finally, Stifel Nicolaus downgraded shares of BRP from a “buy” rating to a “hold” rating in a research note on Friday, May 29th.
Check Out Our Latest Stock Report on DOO
BRP Stock Up 3.1%
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in DOO. Pictet Asset Management Holding SA lifted its stake in BRP by 4.8% during the first quarter. Pictet Asset Management Holding SA now owns 7,156 shares of the company’s stock worth $513,000 after purchasing an additional 331 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of BRP by 6.0% during the 2nd quarter. Deutsche Bank AG now owns 7,124 shares of the company’s stock valued at $435,000 after buying an additional 402 shares in the last quarter. State of Wyoming raised its holdings in shares of BRP by 21.4% during the 2nd quarter. State of Wyoming now owns 2,317 shares of the company’s stock valued at $141,000 after buying an additional 408 shares in the last quarter. BlackRock Inc. lifted its position in BRP by 3.5% in the 2nd quarter. BlackRock Inc. now owns 12,364 shares of the company’s stock worth $754,000 after buying an additional 417 shares during the last quarter. Finally, Quarry LP purchased a new stake in BRP in the fourth quarter worth approximately $30,000.
About BRP
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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