Zacks Research Upgrades BRP (NASDAQ:DOO) to “Strong-Buy”

BRP (NASDAQ:DOOGet Free Report) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday, Zacks reports.

Several other research analysts have also recently weighed in on the company. Royal Bank Of Canada reissued an “outperform” rating on shares of BRP in a research report on Friday, May 29th. Stifel Nicolaus lowered BRP from a “buy” rating to a “hold” rating in a research report on Friday, May 29th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of BRP in a research note on Friday, May 29th. Scotiabank reissued a “sector perform” rating on shares of BRP in a report on Friday, September 4th. Finally, Wall Street Zen lowered shares of BRP from a “buy” rating to a “hold” rating in a research report on Saturday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $84.00.

Check Out Our Latest Report on BRP

BRP Stock Performance

DOO stock opened at $60.66 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 1.19 and a debt-to-equity ratio of 7.31. The firm has a market cap of $4.45 billion, a PE ratio of 55.15 and a beta of 0.88. The business has a 50 day moving average of $62.41 and a 200-day moving average of $62.61. BRP has a 12-month low of $48.83 and a 12-month high of $81.89.

Institutional Investors Weigh In On BRP

Large investors have recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA raised its position in shares of BRP by 4.8% in the first quarter. Pictet Asset Management Holding SA now owns 7,156 shares of the company’s stock valued at $513,000 after purchasing an additional 331 shares during the period. Deutsche Bank AG boosted its holdings in BRP by 6.0% in the 2nd quarter. Deutsche Bank AG now owns 7,124 shares of the company’s stock worth $435,000 after buying an additional 402 shares during the period. State of Wyoming grew its stake in BRP by 21.4% in 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. grew its stake in BRP by 3.5% in the 2nd quarter. BlackRock Inc. now owns 12,364 shares of the company’s stock valued at $754,000 after buying an additional 417 shares in the last quarter. Finally, Quarry LP bought a new stake in BRP during the 4th quarter valued at $30,000.

About BRP

(Get Free Report)

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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Analyst Recommendations for BRP (NASDAQ:DOO)

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