BRP Inc. (NASDAQ:DOOO) Given Average Recommendation of "Hold" by Analysts

Shares of BRP Inc. (NASDAQ:DOOO - Get Free Report) have been assigned an average rating of "Hold" from the eight analysts that are presently covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $97.00.

Separately, Citigroup lowered shares of BRP from a "buy" rating to a "neutral" rating in a report on Monday, February 3rd.

Institutional Investors Weigh In On BRP

Several institutional investors and hedge funds have recently bought and sold shares of DOOO. US Bancorp DE raised its holdings in shares of BRP by 350.0% during the third quarter. US Bancorp DE now owns 414 shares of the company's stock valued at $25,000 after acquiring an additional 322 shares in the last quarter. Spartan Fund Management Inc. bought a new position in BRP in the 3rd quarter worth $72,000. DRW Securities LLC purchased a new stake in shares of BRP in the 3rd quarter worth about $161,000. Public Employees Retirement System of Ohio bought a new stake in shares of BRP during the 3rd quarter valued at about $178,000. Finally, Creative Planning purchased a new position in shares of BRP during the third quarter valued at about $227,000.

BRP Price Performance

DOOO stock traded down $0.78 during mid-day trading on Monday, hitting $42.79. 288,588 shares of the stock were exchanged, compared to its average volume of 226,534. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.37 and a quick ratio of 0.57. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 22.76 and a beta of 2.02. The business has a fifty day moving average price of $50.60 and a 200 day moving average price of $56.44. BRP has a 12 month low of $41.10 and a 12 month high of $75.59.

BRP (NASDAQ:DOOO - Get Free Report) last released its earnings results on Friday, December 6th. The company reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.35. BRP had a return on equity of 61.20% and a net margin of 2.29%. On average, sell-side analysts anticipate that BRP will post 3.15 EPS for the current year.

BRP Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a $0.1485 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.59 annualized dividend and a dividend yield of 1.39%. BRP's payout ratio is presently 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.