Shares of BRP Inc. (NASDAQ:DOOO – Get Free Report) were down 2.2% during mid-day trading on Thursday . The company traded as low as $59.82 and last traded at $61.14. 226,298 shares changed hands during trading, a decline of 5% from the average session volume of 237,803 shares. The stock had previously closed at $62.49.
Wall Street Analysts Forecast Growth
Separately, UBS Group reaffirmed a “neutral” rating on shares of BRP in a research note on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $94.75.
Get Our Latest Stock Analysis on DOOO
BRP Stock Performance
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership raised its position in shares of BRP by 519.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 729,921 shares of the company’s stock valued at $44,369,000 after buying an additional 612,113 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in BRP by 144.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 723,443 shares of the company’s stock worth $24,460,000 after acquiring an additional 427,434 shares during the period. Alliancebernstein L.P. grew its stake in BRP by 7.3% in the 2nd quarter. Alliancebernstein L.P. now owns 476,328 shares of the company’s stock worth $23,088,000 after acquiring an additional 32,424 shares during the period. Franklin Resources Inc. raised its holdings in BRP by 166.8% in the 3rd quarter. Franklin Resources Inc. now owns 461,984 shares of the company’s stock valued at $28,084,000 after acquiring an additional 288,815 shares during the last quarter. Finally, Hawk Ridge Capital Management LP acquired a new position in BRP in the 3rd quarter valued at $24,537,000.
BRP Company Profile
BRP Inc, operating under the brand name Bombardier Recreational Products, is a leader in designing, manufacturing and distributing recreational vehicles and propulsion systems for winter, on-road, off-road and water lifestyles. The company’s diversified portfolio includes snowmobiles, personal watercraft, all-terrain vehicles and roadsters, all powered by in-house Rotax engines. With a focus on innovation and performance, BRP has positioned itself at the forefront of the powersports industry.
At the heart of BRP’s product lineup are its flagship Ski-Doo snowmobiles and Sea-Doo personal watercraft, which serve both recreational and professional segments.
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