BRP Inc. (NASDAQ:DOOO) Receives $87.80 Average Price Target from Analysts

BRP Inc. (NASDAQ:DOOO - Get Free Report) has been given an average recommendation of "Hold" by the eight ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $87.40.

Separately, Citigroup reaffirmed a "sell" rating and set a $27.00 price objective (down previously from $29.00) on shares of BRP in a research report on Friday.

Institutional Investors Weigh In On BRP

A number of institutional investors have recently modified their holdings of DOOO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in BRP by 0.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,827 shares of the company's stock valued at $1,823,000 after purchasing an additional 293 shares in the last quarter. Quantbot Technologies LP increased its stake in BRP by 9.7% during the 3rd quarter. Quantbot Technologies LP now owns 3,827 shares of the company's stock worth $228,000 after buying an additional 337 shares during the period. Dnca Finance grew its stake in shares of BRP by 36.1% in the fourth quarter. Dnca Finance now owns 1,390 shares of the company's stock worth $71,000 after acquiring an additional 369 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in BRP by 259.3% during the 4th quarter. Quadrant Capital Group LLC now owns 679 shares of the company's stock worth $35,000 after purchasing an additional 490 shares during the period. Finally, Signaturefd LLC grew its position in shares of BRP by 296.1% during the fourth quarter. Signaturefd LLC now owns 1,208 shares of the company's stock worth $61,000 after buying an additional 903 shares in the last quarter.

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BRP Price Performance

Shares of NASDAQ DOOO traded down $1.46 during midday trading on Tuesday, reaching $34.00. 220,942 shares of the stock traded hands, compared to its average volume of 144,186. The company's 50 day moving average is $42.54 and its 200 day moving average is $49.56. BRP has a one year low of $33.10 and a one year high of $75.59. The stock has a market capitalization of $2.48 billion, a PE ratio of 18.09 and a beta of 2.03. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.37 and a quick ratio of 0.57.

BRP (NASDAQ:DOOO - Get Free Report) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.07. The business had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.97 billion. BRP had a net margin of 2.29% and a return on equity of 61.20%. On average, equities research analysts anticipate that BRP will post 3.15 earnings per share for the current year.

BRP Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be paid a $0.1508 dividend. This is a boost from BRP's previous quarterly dividend of $0.15. This represents a $0.60 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Friday, April 4th. BRP's payout ratio is currently 30.85%.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.