BRP (NASDAQ:DOOO) Receives Neutral Rating from Robert W. Baird

BRP (NASDAQ:DOOO)‘s stock had its “neutral” rating reiterated by equities researchers at Robert W. Baird in a report issued on Friday, Marketbeat.com reports. They currently have a $43.00 price objective on the stock, down from their prior price objective of $48.00. Robert W. Baird’s target price indicates a potential upside of 21.61% from the stock’s previous close.

Several other brokerages have also recently issued reports on DOOO. Citigroup upgraded BRP from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $27.00 to $37.00 in a research note on Friday. Raymond James reaffirmed a “strong-buy” rating on shares of BRP in a report on Thursday, March 27th. Finally, TD Securities reiterated a “hold” rating on shares of BRP in a research note on Thursday, March 27th. Nine analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, BRP currently has an average rating of “Hold” and a consensus price target of $61.25.

BRP Stock Performance

Shares of BRP stock opened at $35.36 on Friday. The company has a debt-to-equity ratio of 5.19, a quick ratio of 0.57 and a current ratio of 1.37. BRP has a 1 year low of $33.05 and a 1 year high of $74.00. The firm’s 50-day simple moving average is $40.77 and its 200-day simple moving average is $48.58. The firm has a market cap of $2.58 billion, a PE ratio of 18.81 and a beta of 1.71.

BRP (NASDAQ:DOOO) last announced its quarterly earnings data on Wednesday, March 26th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.07. BRP had a return on equity of 61.20% and a net margin of 2.29%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Equities analysts forecast that BRP will post 3.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DOOO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of BRP by 0.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,827 shares of the company’s stock valued at $1,823,000 after buying an additional 293 shares during the last quarter. Dnca Finance increased its position in BRP by 36.1% in the 4th quarter. Dnca Finance now owns 1,390 shares of the company’s stock valued at $71,000 after acquiring an additional 369 shares during the period. Quadrant Capital Group LLC raised its stake in BRP by 259.3% during the 4th quarter. Quadrant Capital Group LLC now owns 679 shares of the company’s stock valued at $35,000 after acquiring an additional 490 shares in the last quarter. Signaturefd LLC raised its stake in BRP by 296.1% during the 4th quarter. Signaturefd LLC now owns 1,208 shares of the company’s stock valued at $61,000 after acquiring an additional 903 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in BRP by 1.4% during the 4th quarter. Jane Street Group LLC now owns 65,470 shares of the company’s stock worth $3,333,000 after acquiring an additional 933 shares during the period.

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.