Citigroup lowered shares of BRP (NASDAQ:DOOO - Free Report) from a neutral rating to a sell rating in a report published on Thursday, Marketbeat reports. The firm currently has $29.00 target price on the stock, down from their previous target price of $48.00.
BRP Stock Performance
BRP stock traded up $1.45 during midday trading on Thursday, hitting $38.10. 210,289 shares of the company's stock were exchanged, compared to its average volume of 141,621. The company has a debt-to-equity ratio of 5.19, a quick ratio of 0.57 and a current ratio of 1.37. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 20.27 and a beta of 2.03. BRP has a 12-month low of $36.27 and a 12-month high of $75.59. The firm's 50 day simple moving average is $43.91 and its 200 day simple moving average is $50.10.
Institutional Trading of BRP
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC increased its holdings in shares of BRP by 259.3% in the fourth quarter. Quadrant Capital Group LLC now owns 679 shares of the company's stock valued at $35,000 after purchasing an additional 490 shares during the period. Signaturefd LLC raised its position in BRP by 296.1% during the 4th quarter. Signaturefd LLC now owns 1,208 shares of the company's stock worth $61,000 after buying an additional 903 shares during the last quarter. Dnca Finance raised its position in BRP by 36.1% during the 4th quarter. Dnca Finance now owns 1,390 shares of the company's stock worth $71,000 after buying an additional 369 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in shares of BRP in the 4th quarter worth $77,000. Finally, Intact Investment Management Inc. purchased a new stake in shares of BRP in the fourth quarter valued at about $148,000.
BRP Company Profile
(
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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.
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