BRP (NASDAQ:DOO) Stock Price Up 1.3% – Still a Buy?

BRP Inc. (NASDAQ:DOO) shares were up 1.3% during mid-day trading on Thursday . The company traded as high as $79.77 and last traded at $78.66. Approximately 114,378 shares were traded during mid-day trading, a decline of 23% from the average daily volume of 148,205 shares. The stock had previously closed at $77.63.

Wall Street Analyst Weigh In

DOO has been the subject of several research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of BRP in a research report on Wednesday, December 24th. UBS Group upped their target price on shares of BRP from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, January 9th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, BRP presently has a consensus rating of “Hold” and a consensus price target of $75.00.

BRP Trading Down 0.6%

The firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 211.32 and a beta of 1.23. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.23 and a quick ratio of 0.49.

BRP Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.1571 per share. The ex-dividend date was Wednesday, December 31st. BRP’s payout ratio is currently 170.27%.

About BRP

BRP Inc, headquartered in Valcourt, Quebec, designs, manufactures and distributes powersports vehicles and propulsion systems for recreational and utility use. The company traces its roots to the Bombardier family and the early development of the snowmobile, and it operates as a global manufacturer of recreational vehicles and related technologies.

BRP’s product portfolio includes snowmobiles, personal watercraft and sport boats, off-road vehicles (including all-terrain and side-by-side models) and three‑wheel on‑road vehicles.