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

BRP Inc. (NASDAQ:DOOO - Get Free Report) has received an average rating of "Hold" from the eleven analysts that are presently covering the firm, MarketBeat reports. Ten equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $53.75.

DOOO has been the subject of a number of recent research reports. Raymond James reissued a "strong-buy" rating on shares of BRP in a report on Thursday, March 27th. Citigroup upgraded BRP from a "sell" rating to a "neutral" rating and raised their price objective for the company from $27.00 to $37.00 in a research note on Friday, April 4th. Baird R W lowered shares of BRP from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. UBS Group dropped their price target on shares of BRP from $45.00 to $35.00 and set a "neutral" rating on the stock in a research report on Wednesday. Finally, Robert W. Baird reiterated a "neutral" rating and issued a $43.00 price objective (down previously from $48.00) on shares of BRP in a research note on Friday, April 4th.

Hedge Funds Weigh In On BRP

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital World Investors raised its holdings in BRP by 101.2% during the 4th quarter. Capital World Investors now owns 1,971,033 shares of the company's stock valued at $100,386,000 after acquiring an additional 991,392 shares during the period. Mackenzie Financial Corp lifted its holdings in BRP by 71.7% during the 4th quarter. Mackenzie Financial Corp now owns 1,639,265 shares of the company's stock worth $83,399,000 after purchasing an additional 684,651 shares in the last quarter. Turtle Creek Asset Management Inc. boosted its stake in BRP by 29.0% in the 4th quarter. Turtle Creek Asset Management Inc. now owns 2,970,680 shares of the company's stock worth $151,118,000 after purchasing an additional 668,607 shares during the period. FIL Ltd grew its holdings in BRP by 176.2% during the 4th quarter. FIL Ltd now owns 792,000 shares of the company's stock valued at $40,337,000 after buying an additional 505,228 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of BRP during the fourth quarter valued at about $15,259,000.

BRP Stock Up 1.8 %

BRP stock traded up $0.58 during mid-day trading on Friday, reaching $33.46. The stock had a trading volume of 215,996 shares, compared to its average volume of 154,399. The company has a debt-to-equity ratio of 5.19, a quick ratio of 0.57 and a current ratio of 1.37. BRP has a fifty-two week low of $31.78 and a fifty-two week high of $74.00. The stock's 50-day simple moving average is $37.68 and its 200-day simple moving average is $46.19. The firm has a market capitalization of $2.44 billion, a PE ratio of 17.80 and a beta of 1.71.

BRP (NASDAQ:DOOO - Get Free Report) last released its quarterly earnings data on Wednesday, March 26th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.07. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.97 billion. BRP had a net margin of 2.29% and a return on equity of 61.20%. On average, sell-side analysts forecast that BRP will post 3.15 EPS for the current fiscal year.

BRP Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, April 4th were issued a $0.1508 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $0.60 annualized dividend and a yield of 1.80%. This is a positive change from BRP's previous quarterly dividend of $0.15. BRP's dividend payout ratio (DPR) is -29.21%.

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.