BRP Inc. (NASDAQ:DOO – Get Free Report) has been given a consensus rating of “Hold” by the fourteen ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $84.00.
A number of research firms have weighed in on DOO. Citigroup lifted their price target on shares of BRP from $74.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, September 8th. Zacks Research cut shares of BRP from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 8th. Scotiabank restated a “sector perform” rating on shares of BRP in a research note on Friday, September 4th. TD Securities raised shares of BRP from a “hold” rating to a “buy” rating in a report on Tuesday, August 18th. Finally, Wall Street Zen lowered shares of BRP from a “buy” rating to a “hold” rating in a research report on Saturday, September 5th.
Institutional Investors Weigh In On BRP
A number of institutional investors have recently added to or reduced their stakes in the stock. Walleye Capital LLC grew its stake in shares of BRP by 224.1% in the 2nd quarter. Walleye Capital LLC now owns 29,035 shares of the company’s stock valued at $1,772,000 after purchasing an additional 20,077 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of BRP by 11.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 206,229 shares of the company’s stock worth $14,805,000 after buying an additional 20,786 shares during the period. VELA Investment Management LLC lifted its position in shares of BRP by 60.7% during the 2nd quarter. VELA Investment Management LLC now owns 45,333 shares of the company’s stock worth $2,766,000 after buying an additional 17,131 shares during the period. Lazard Asset Management LLC lifted its position in shares of BRP by 324.1% during the 1st quarter. Lazard Asset Management LLC now owns 152,035 shares of the company’s stock worth $10,931,000 after buying an additional 116,189 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in BRP by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,078,181 shares of the company’s stock valued at $65,728,000 after buying an additional 23,055 shares in the last quarter.
BRP Stock Performance
Shares of NASDAQ DOO traded down $1.13 during trading hours on Friday, reaching $54.70. The stock had a trading volume of 383,894 shares, compared to its average volume of 260,375. The business’s fifty day moving average is $60.04 and its two-hundred day moving average is $60.52. The company has a debt-to-equity ratio of 7.31, a current ratio of 1.19 and a quick ratio of 0.52. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 49.73 and a beta of 0.97. BRP has a twelve month low of $48.83 and a twelve month high of $81.89.
BRP Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 13th. Shareholders of record on Tuesday, September 29th were paid a dividend of C$0.25 per share. The ex-dividend date was Tuesday, September 29th. This represents a $1.00 dividend on an annualized basis and a yield of 1.8%. BRP’s dividend payout ratio (DPR) is currently 65.45%.
BRP Company Profile
BRP Inc, formerly known as Bombardier Recreational Products, is a Canadian company that designs, develops, manufactures, distributes and markets powersports vehicles, marine products, engines and related parts, accessories and apparel. The company serves recreational and commercial customers through a portfolio of products sold internationally.
BRP’s principal brands include Ski-Doo snowmobiles, Sea-Doo personal watercraft, Can-Am off-road and three-wheel vehicles, Alumacraft and Manitou boats, and Rotax engines.
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