BRP Inc. (NASDAQ:DOOO) Receives Average Rating of "Hold" from Analysts

Shares of BRP Inc. (NASDAQ:DOOO - Get Free Report) have received a consensus recommendation of "Hold" from the nine research firms that are covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $97.00.

DOOO has been the topic of a number of research analyst reports. UBS Group dropped their price target on shares of BRP from $66.00 to $65.00 and set a "neutral" rating on the stock in a research note on Friday, September 13th. Desjardins downgraded shares of BRP from a "moderate buy" rating to a "hold" rating in a report on Sunday, September 8th. National Bank Financial lowered shares of BRP from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, August 21st. Stifel Nicolaus cut shares of BRP from a "buy" rating to a "hold" rating in a research report on Wednesday, August 21st. Finally, Scotiabank downgraded BRP from a "sector outperform" rating to a "sector perform" rating in a report on Monday, September 9th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of DOOO. Systematic Financial Management LP boosted its stake in BRP by 3.0% in the third quarter. Systematic Financial Management LP now owns 192,084 shares of the company's stock valued at $11,437,000 after acquiring an additional 5,562 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of BRP by 115.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 18,885 shares of the company's stock valued at $1,124,000 after purchasing an additional 10,106 shares during the last quarter. De Lisle Partners LLP boosted its position in shares of BRP by 10.8% in the 3rd quarter. De Lisle Partners LLP now owns 27,605 shares of the company's stock valued at $1,643,000 after purchasing an additional 2,697 shares during the period. Quantbot Technologies LP boosted its position in shares of BRP by 9.7% in the 3rd quarter. Quantbot Technologies LP now owns 3,827 shares of the company's stock valued at $228,000 after purchasing an additional 337 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in BRP by 13.9% during the third quarter. The Manufacturers Life Insurance Company now owns 1,226,226 shares of the company's stock worth $73,027,000 after buying an additional 150,039 shares during the period.

BRP Stock Up 0.8 %

DOOO stock traded up $0.38 during trading on Friday, hitting $48.09. 85,691 shares of the company's stock traded hands, compared to its average volume of 125,137. The business has a fifty day simple moving average of $56.07 and a two-hundred day simple moving average of $63.24. The company has a quick ratio of 0.37, a current ratio of 1.32 and a debt-to-equity ratio of 4.99. The firm has a market capitalization of $3.51 billion, a P/E ratio of 19.80 and a beta of 2.07. BRP has a 1 year low of $47.36 and a 1 year high of $75.92.

BRP (NASDAQ:DOOO - Get Free Report) last released its earnings results on Friday, September 6th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.23. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.35 billion. BRP had a net margin of 2.78% and a return on equity of 79.58%. Sell-side analysts anticipate that BRP will post 2.3 EPS for the current year.

BRP Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a dividend of $0.152 per share. The ex-dividend date was Friday, September 27th. This represents a $0.61 annualized dividend and a dividend yield of 1.26%. BRP's dividend payout ratio is presently 25.73%.

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.