BRP Inc. (NASDAQ:DOOO) Receives Average Recommendation of “Moderate Buy” from Analysts

BRP Inc. (NASDAQ:DOOO) has been given an average rating of “Moderate Buy” by the nineteen brokerages that are currently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and four have assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $84.40.

DOOO has been the subject of several research analyst reports. Citigroup restated a “buy” rating on shares of BRP in a report on Friday, December 5th. Zacks Research downgraded shares of BRP from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Weiss Ratings raised BRP from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, December 8th. Desjardins reissued a “buy” rating on shares of BRP in a report on Friday, December 5th. Finally, UBS Group raised their price target on BRP from $35.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, September 5th.

Institutional Trading of BRP

Large investors have recently bought and sold shares of the business. Mackenzie Financial Corp increased its stake in BRP by 7.4% in the third quarter. Mackenzie Financial Corp now owns 3,057,000 shares of the company’s stock valued at $185,836,000 after purchasing an additional 209,576 shares during the period. Capital World Investors grew its holdings in shares of BRP by 4.5% during the third quarter. Capital World Investors now owns 2,323,013 shares of the company’s stock worth $141,247,000 after buying an additional 100,000 shares during the last quarter. Vanguard Group Inc. increased its position in BRP by 8.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,372,256 shares of the company’s stock valued at $83,437,000 after acquiring an additional 102,269 shares during the period. Invesco Ltd. raised its stake in BRP by 6.8% during the 2nd quarter. Invesco Ltd. now owns 1,318,418 shares of the company’s stock valued at $63,904,000 after acquiring an additional 83,617 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in BRP by 519.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 729,921 shares of the company’s stock worth $44,369,000 after acquiring an additional 612,113 shares during the period.

BRP Trading Up 0.5%

DOOO opened at $72.64 on Thursday. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.49 and a current ratio of 1.23. BRP has a one year low of $31.78 and a one year high of $78.07. The company has a market cap of $5.31 billion, a P/E ratio of 196.32 and a beta of 1.26. The business’s 50-day simple moving average is $68.66 and its 200-day simple moving average is $60.92.

BRP (NASDAQ:DOOO) last posted its earnings results on Thursday, December 4th. The company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.27. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.50 billion. BRP had a return on equity of 67.30% and a net margin of 0.45%.The business’s revenue was up 14.0% on a year-over-year basis. BRP has set its FY 2026 guidance at 3.600-3.600 EPS. As a group, equities research analysts expect that BRP will post 3.15 EPS for the current fiscal year.

BRP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.215 per share. The ex-dividend date is Wednesday, December 31st. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.2%. BRP’s dividend payout ratio (DPR) is 164.86%.

About BRP

BRP Inc, operating under the brand name Bombardier Recreational Products, is a leader in designing, manufacturing and distributing recreational vehicles and propulsion systems for winter, on-road, off-road and water lifestyles. The company’s diversified portfolio includes snowmobiles, personal watercraft, all-terrain vehicles and roadsters, all powered by in-house Rotax engines. With a focus on innovation and performance, BRP has positioned itself at the forefront of the powersports industry.

At the heart of BRP’s product lineup are its flagship Ski-Doo snowmobiles and Sea-Doo personal watercraft, which serve both recreational and professional segments.