BRP Inc. (NASDAQ:DOOO - Get Free Report) has been given a consensus recommendation of "Hold" by the nine brokerages that are covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $97.00.
A number of equities analysts recently issued reports on DOOO shares. UBS Group dropped their price objective on BRP from $66.00 to $65.00 and set a "neutral" rating for the company in a report on Friday, September 13th. Citigroup reduced their target price on shares of BRP from $80.00 to $75.00 and set a "buy" rating on the stock in a research report on Monday, September 9th. Cibc World Mkts downgraded shares of BRP from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 9th. Stifel Nicolaus lowered shares of BRP from a "buy" rating to a "hold" rating in a research note on Wednesday, August 21st. Finally, National Bank Financial downgraded shares of BRP from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, August 21st.
Check Out Our Latest Analysis on BRP
NASDAQ:DOOO opened at $57.50 on Monday. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of 10.40 and a beta of 2.06. The company has a debt-to-equity ratio of 4.99, a current ratio of 1.32 and a quick ratio of 0.37. The business has a 50 day simple moving average of $63.28 and a 200-day simple moving average of $65.91. BRP has a 1 year low of $56.12 and a 1 year high of $77.12.
BRP (NASDAQ:DOOO - Get Free Report) last issued its quarterly earnings results on Friday, September 6th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.23. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.35 billion. BRP had a return on equity of 79.58% and a net margin of 2.78%. Equities analysts forecast that BRP will post 2.21 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were issued a $0.152 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Friday, September 27th. BRP's dividend payout ratio is currently 11.21%.
Several large investors have recently modified their holdings of DOOO. Creative Planning purchased a new position in BRP in the third quarter worth $227,000. Aristides Capital LLC acquired a new stake in shares of BRP in the 2nd quarter worth $241,000. The Manufacturers Life Insurance Company grew its stake in BRP by 61.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,076,187 shares of the company's stock worth $68,850,000 after buying an additional 408,692 shares during the last quarter. Dimension Capital Management LLC increased its position in BRP by 73.6% during the 2nd quarter. Dimension Capital Management LLC now owns 11,098 shares of the company's stock valued at $711,000 after buying an additional 4,706 shares in the last quarter. Finally, Sei Investments Co. raised its stake in BRP by 31.3% in the second quarter. Sei Investments Co. now owns 105,163 shares of the company's stock valued at $6,734,000 after buying an additional 25,041 shares during the last quarter.
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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