Brokerages Set BRP Inc. (NASDAQ:DOOO) Target Price at $97.00

BRP Inc. (NASDAQ:DOOO - Get Free Report) has received a consensus recommendation of "Hold" from the eight ratings firms that are presently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $97.00.

Separately, Citigroup downgraded BRP from a "buy" rating to a "neutral" rating in a research report on Monday, February 3rd.

BRP Price Performance

DOOO stock traded down $1.55 during midday trading on Friday, hitting $38.10. The company's stock had a trading volume of 130,354 shares, compared to its average volume of 189,135. The company has a quick ratio of 0.57, a current ratio of 1.37 and a debt-to-equity ratio of 5.19. BRP has a 12 month low of $38.01 and a 12 month high of $75.59. The company has a 50 day moving average of $47.80 and a two-hundred day moving average of $53.59. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 20.27 and a beta of 2.02.

BRP (NASDAQ:DOOO - Get Free Report) last issued 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 net margin of 2.29% and a return on equity of 61.20%. On average, analysts expect that BRP will post 3.15 EPS for the current year.

BRP Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.1485 per share. This represents a $0.59 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Tuesday, December 31st. BRP's dividend payout ratio is currently 30.85%.

Institutional Trading of BRP

A number of institutional investors have recently bought and sold shares of DOOO. Turtle Creek Asset Management Inc. lifted its holdings in shares of 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 acquiring an additional 668,607 shares during the last quarter. Capital World Investors grew its stake in shares of BRP by 101.2% during the fourth quarter. Capital World Investors now owns 1,971,033 shares of the company's stock valued at $100,386,000 after buying an additional 991,392 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of BRP by 71.7% in the fourth quarter. Mackenzie Financial Corp now owns 1,639,265 shares of the company's stock worth $83,399,000 after buying an additional 684,651 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of BRP by 23.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,514,230 shares of the company's stock worth $77,223,000 after acquiring an additional 288,004 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in BRP by 13.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,226,226 shares of the company's stock valued at $73,027,000 after acquiring an additional 150,039 shares during the period.

BRP Company Profile

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.