Analysts Set BRP Inc. (NASDAQ:DOOO) PT at $97.00

BRP Inc. (NASDAQ:DOOO - Get Free Report) has been given a consensus recommendation of "Hold" by the eight research firms that are covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $97.00.

Several research analysts have issued reports on the company. Cibc World Mkts cut BRP from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 9th. Desjardins lowered shares of BRP from a "moderate buy" rating to a "hold" rating in a research report on Sunday, September 8th. UBS Group decreased their price target on shares of BRP from $66.00 to $65.00 and set a "neutral" rating on the stock in a research report on Friday, September 13th. Scotiabank downgraded shares of BRP from a "sector outperform" rating to a "sector perform" rating in a research report on Monday, September 9th. Finally, National Bank Financial cut BRP from an "outperform" rating to a "sector perform" rating in a report on Wednesday, August 21st.

BRP Stock Performance

DOOO stock traded down $1.01 on Tuesday, hitting $52.38. The company had a trading volume of 161,888 shares, compared to its average volume of 129,887. The company has a current ratio of 1.32, a quick ratio of 0.37 and a debt-to-equity ratio of 4.99. BRP has a 12-month low of $46.85 and a 12-month high of $75.59. The stock has a market cap of $3.82 billion, a price-to-earnings ratio of 27.86 and a beta of 2.03. The stock's 50-day simple moving average is $51.98 and its 200 day simple moving average is $60.72.

BRP (NASDAQ:DOOO - Get Free Report) last released its quarterly earnings results on Friday, September 6th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.23. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.35 billion. BRP had a return on equity of 58.01% and a net margin of 2.29%. As a group, equities research analysts expect that BRP will post 2.26 earnings per share for the current fiscal year.

BRP Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be issued a $0.1485 dividend. This represents a $0.59 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Tuesday, December 31st. BRP's dividend payout ratio is currently 32.98%.

Institutional Trading of BRP

Institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. grew its stake in BRP by 41.5% during the third quarter. Franklin Resources Inc. now owns 731,268 shares of the company's stock valued at $43,461,000 after acquiring an additional 214,626 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of BRP by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 208,186 shares of the company's stock valued at $12,978,000 after purchasing an additional 15,892 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of BRP in the third quarter worth about $178,000. Systematic Financial Management LP lifted its position in shares of BRP by 3.0% in the third quarter. Systematic Financial Management LP now owns 192,084 shares of the company's stock worth $11,437,000 after buying an additional 5,562 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in BRP by 115.1% during the third quarter. Hantz Financial Services Inc. now owns 18,885 shares of the company's stock valued at $1,124,000 after buying an additional 10,106 shares during the last quarter.

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.