TD Securities upgraded shares of BRP (NASDAQ:DOO – Free Report) from a hold rating to a buy rating in a report published on Tuesday, MarketBeat.com reports.
DOO has been the topic of several other research reports. Wall Street Zen downgraded shares of BRP from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Zacks Research raised shares of BRP from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 30th. Citigroup cut their price target on shares of BRP from $75.00 to $74.00 and set a “buy” rating on the stock in a report on Friday, May 29th. Stifel Nicolaus lowered shares of BRP from a “buy” rating to a “hold” rating in a research report on Friday, May 29th. Finally, Raymond James Financial downgraded shares of BRP from a “strong-buy” rating to a “market perform” rating in a research note on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $83.00.
Read Our Latest Research Report on BRP
BRP Stock Down 2.0%
BRP Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, June 30th. BRP’s payout ratio is currently 26.42%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of DOO. Quarry LP bought a new position in shares of BRP during the 4th quarter worth $30,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of BRP by 4,070.6% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company’s stock valued at $43,000 after buying an additional 692 shares in the last quarter. Quadrant Capital Group LLC acquired a new stake in BRP in the fourth quarter valued at approximately $89,000. State of Wyoming grew its stake in BRP by 21.4% during the 2nd quarter. State of Wyoming now owns 2,317 shares of the company’s stock worth $141,000 after buying an additional 408 shares during the last quarter. Finally, PNC Financial Services Group Inc. purchased a new stake in shares of BRP during the fourth quarter worth about $142,000.
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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