BRP Inc. (NASDAQ:DOO) Receives Consensus Rating of “Hold” from Brokerages

Shares of BRP Inc. (NASDAQ:DOO) have been given a consensus rating of “Hold” by the fourteen research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $83.00.

Several analysts have recently issued reports on the stock. National Bank Financial cut shares of BRP from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, April 15th. Wall Street Zen lowered shares of BRP from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Citigroup reduced their price objective on shares of BRP from $75.00 to $74.00 and set a “buy” rating on the stock in a research report on Friday, May 29th. Zacks Research lowered shares of BRP from a “hold” rating to a “strong sell” rating in a research report on Monday, June 1st. Finally, TD Cowen lowered shares of BRP from a “buy” rating to a “hold” rating in a research report on Wednesday, April 15th.

BRP Trading Up 2.0%

Shares of NASDAQ DOO opened at $60.28 on Friday. The firm’s 50-day simple moving average is $60.22. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.30 and a quick ratio of 0.61. The stock has a market cap of $4.45 billion, a PE ratio of 22.75 and a beta of 0.89. BRP has a 12-month low of $46.23 and a 12-month high of $81.89.

BRP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, June 30th. BRP’s dividend payout ratio is 27.17%.

Institutional Trading of BRP

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp purchased a new stake in BRP in the 4th quarter worth about $207,651,000. Price T Rowe Associates Inc. MD bought a new position in BRP in the 4th quarter worth about $169,341,000. Capital World Investors bought a new position in BRP in the 4th quarter worth about $158,763,000. FIL Ltd bought a new position in BRP in the 4th quarter worth about $123,110,000. Finally, Vanguard Group Inc. bought a new position in BRP in the 4th quarter worth about $98,153,000.

BRP Company Profile

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.