BRP (NASDAQ:DOO) Upgraded at National Bank Financial

National Bank Financial upgraded shares of BRP (NASDAQ:DOO) from a sector perform rating to an outperform rating in a research report report published on Thursday morning, MarketBeat reports.

A number of other equities analysts have also recently issued reports on the stock. Stifel Nicolaus cut shares of BRP from a “buy” rating to a “hold” rating in a research note on Friday, May 29th. TD Securities raised shares of BRP from a “hold” rating to a “buy” rating in a report on Tuesday, August 18th. Scotiabank reiterated a “sector perform” rating on shares of BRP in a research note on Friday, July 24th. UBS Group cut their price target on shares of BRP from $78.00 to $68.00 and set a “neutral” rating on the stock in a report on Friday, June 5th. Finally, Citigroup reduced their price target on shares of BRP from $75.00 to $74.00 and set a “buy” rating for the company in a research report on Friday, May 29th. Six research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $83.00.

BRP Price Performance

Shares of NASDAQ:DOO opened at $67.32 on Thursday. BRP has a 1-year low of $48.83 and a 1-year high of $81.89. 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 business has a fifty day moving average price of $62.18 and a 200-day moving average price of $63.21. The company has a market capitalization of $4.94 billion, a PE ratio of 61.20 and a beta of 0.88.

BRP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Tuesday, September 29th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 29th. BRP’s dividend payout ratio (DPR) is presently 63.64%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in DOO. Quarry LP purchased a new stake in BRP in the fourth quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of BRP by 4,070.6% in the second quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company’s stock worth $43,000 after acquiring an additional 692 shares during the period. Nykredit A S purchased a new stake in BRP during the second quarter valued at $61,000. Quadrant Capital Group LLC purchased a new stake in BRP during the fourth quarter valued at $89,000. Finally, State of Wyoming lifted its holdings in BRP by 21.4% in the second quarter. State of Wyoming now owns 2,317 shares of the company’s stock valued at $141,000 after acquiring an additional 408 shares during the period.

Key Headlines Impacting BRP

Here are the key news stories impacting BRP this week:

• Positive Sentiment: Revenue beat expectations: BRP reported second-quarter revenue of approximately $2.24 billion, up 18.5% year over year and above consensus estimates. Growth was driven by higher off-road vehicle shipments and a favorable side-by-side vehicle mix. North American powersports retail sales rose 1%, while the company gained market share in North American off-road vehicles. BRP Presents Its Second Quarter Results for Fiscal Year 2027
• Positive Sentiment: Full-year outlook improved: BRP raised its fiscal 2027 normalized diluted EPS outlook to $4.00-$4.50. Separately reported guidance calls for EPS of $2.889-$3.251 and revenue of $6.7-$6.8 billion, with the EPS range above the $2.710 consensus estimate. The higher outlook signals management’s confidence in demand and execution. BRP Second-Quarter Results and Full-Year Outlook
• Positive Sentiment: Analyst upgrade: National Bank Financial upgraded BRP from “sector perform” to “outperform,” providing additional support for the shares.
• Positive Sentiment: Dividend maintained: BRP declared a quarterly dividend of $0.25 per share, equivalent to approximately $1.00 annually and a 1.6% yield. The dividend is payable October 13 to shareholders of record September 29.
• Neutral Sentiment: Leadership transition: CFO Sébastien Martel will retire October 1, with Minh Thanh Tran appointed as his successor. The change adds an execution consideration but was presented as a planned transition. BRP Announces Planned Financial Leadership Transition
• Negative Sentiment: Profitability weakened: BRP posted a $136.8 million net loss, while normalized EBITDA fell 34.9% to $138.8 million. The company’s normalized diluted loss was $0.18 per share, although this still exceeded the expected $0.46 loss. BRP Inc. Reports Q2 Loss and Beats Revenue Estimates

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.