BRP Inc. (NASDAQ:DOOO) Receives $87.80 Average Price Target from Brokerages

BRP Inc. (NASDAQ:DOOO) has earned a consensus recommendation of “Hold” from the eight brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $87.40.

Separately, Citigroup restated a “sell” rating and issued a $27.00 target price (down previously from $29.00) on shares of BRP in a research report on Friday.

Institutional Investors Weigh In On BRP

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp grew its holdings in BRP by 71.7% in the 4th quarter. Mackenzie Financial Corp now owns 1,639,265 shares of the company’s stock worth $83,399,000 after acquiring an additional 684,651 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of BRP by 401.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 15,019 shares of the company’s stock worth $765,000 after purchasing an additional 12,023 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in BRP by 0.8% during the 4th 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 purchasing an additional 293 shares during the period. Turtle Creek Asset Management Inc. raised its position in BRP by 29.0% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 2,970,680 shares of the company’s stock valued at $151,118,000 after purchasing an additional 668,607 shares during the last quarter. Finally, Systematic Financial Management LP lifted its holdings in BRP by 5.4% in the 4th quarter. Systematic Financial Management LP now owns 202,425 shares of the company’s stock worth $10,297,000 after buying an additional 10,341 shares during the period.

BRP Price Performance

Shares of NASDAQ:DOOO opened at $34.00 on Tuesday. The company’s fifty day moving average price is $42.54 and its 200-day moving average price is $49.50. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.37 and a quick ratio of 0.57. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 18.09 and a beta of 2.03. BRP has a one year low of $33.05 and a one year high of $75.59.

BRP (NASDAQ:DOOO) last released its quarterly earnings results on Wednesday, March 26th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.07. BRP had a return on equity of 61.20% and a net margin of 2.29%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.97 billion. On average, equities research analysts anticipate that BRP will post 3.15 earnings per share for the current fiscal year.

BRP Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be issued a $0.1508 dividend. This is a boost from BRP’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, April 4th. This represents a $0.60 annualized dividend and a dividend yield of 1.77%. BRP’s dividend payout ratio (DPR) is currently -29.21%.

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.