BRP (NASDAQ:DOOO) Shares Gap Up - What's Next?

BRP Inc. (NASDAQ:DOOO - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $48.52, but opened at $52.76. BRP shares last traded at $53.16, with a volume of 116,788 shares traded.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DOOO. Scotiabank downgraded BRP from a "sector outperform" rating to a "sector perform" rating in a research report on Monday, September 9th. National Bank Financial downgraded BRP from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, August 21st. Desjardins downgraded BRP from a "moderate buy" rating to a "hold" rating in a research report on Sunday, September 8th. Stifel Nicolaus downgraded BRP from a "buy" rating to a "hold" rating in a research report on Wednesday, August 21st. Finally, Cibc World Mkts downgraded BRP from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 9th. Six analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $97.00.

BRP Trading Up 6.0 %

The stock has a 50 day moving average of $52.22 and a 200 day moving average of $61.00. The firm has a market cap of $3.75 billion, a P/E ratio of 21.34 and a beta of 2.03. The company has a debt-to-equity ratio of 4.99, a current ratio of 1.32 and a quick ratio of 0.37.

BRP (NASDAQ:DOOO - Get Free Report) last announced its quarterly earnings data on Friday, September 6th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.23. BRP had a return on equity of 79.58% and a net margin of 2.78%. The firm had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.35 billion. As a group, equities research analysts predict that BRP Inc. will post 2.26 EPS for the current year.

Institutional Trading of BRP

Several large investors have recently modified their holdings of the business. US Bancorp DE grew its stake in shares of BRP by 350.0% in the third quarter. US Bancorp DE now owns 414 shares of the company's stock worth $25,000 after purchasing an additional 322 shares during the last quarter. Quantbot Technologies LP grew its stake in shares of BRP by 9.7% in the third quarter. Quantbot Technologies LP now owns 3,827 shares of the company's stock worth $228,000 after purchasing an additional 337 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of BRP by 1.7% in the second quarter. Bank of New York Mellon Corp now owns 30,666 shares of the company's stock worth $1,964,000 after purchasing an additional 520 shares during the last quarter. Dnca Finance bought a new stake in shares of BRP in the second quarter worth about $66,000. Finally, Addenda Capital Inc. grew its stake in shares of BRP by 9.9% in the second quarter. Addenda Capital Inc. now owns 11,636 shares of the company's stock worth $745,000 after purchasing an additional 1,053 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.