BRP (NASDAQ:DOO) Earns Overweight Rating from Analysts at Wells Fargo & Company

Wells Fargo & Company began coverage on shares of BRP (NASDAQ:DOO) in a research report released on Wednesday morning, MarketBeat.com reports. The firm issued an overweight rating on the stock.

DOO has been the subject of a number of other research reports. UBS Group increased their price objective on BRP from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, January 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of BRP in a research report on Wednesday, December 24th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, BRP presently has an average rating of “Hold” and an average price target of $75.00.

BRP Trading Down 0.4%

NASDAQ DOO opened at $63.75 on Wednesday. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 172.30 and a beta of 1.22. BRP has a 1-year low of $31.78 and a 1-year high of $81.89. The firm has a 50-day moving average of $75.45. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.49 and a current ratio of 1.23.

Hedge Funds Weigh In On BRP

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in shares of BRP in the 4th quarter worth about $30,000. Signaturefd LLC purchased a new position in BRP during the 4th quarter valued at about $43,000. Quadrant Capital Group LLC bought a new stake in BRP during the fourth quarter worth about $89,000. PNC Financial Services Group Inc. purchased a new stake in BRP in the fourth quarter worth about $142,000. Finally, Intact Investment Management Inc. bought a new position in shares of BRP during the fourth quarter valued at approximately $156,000.

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.