BRP Inc. (NASDAQ:DOO) Given Average Rating of “Hold” by Brokerages

BRP Inc. (NASDAQ:DOO) has earned a consensus recommendation of “Hold” from the eleven research firms that are presently covering the firm, MarketBeat reports. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $85.6667.

A number of research analysts recently commented on the company. TD Cowen downgraded BRP from a “buy” rating to a “hold” rating in a report on Wednesday, April 15th. Zacks Research cut BRP from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Wall Street Zen cut BRP from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 18th. Citigroup cut their price objective on BRP from $86.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Finally, TD Securities cut BRP from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th.

BRP Stock Performance

Shares of DOO opened at $56.97 on Wednesday. The stock has a market capitalization of $4.20 billion, a P/E ratio of 19.58 and a beta of 0.90. BRP has a one year low of $35.90 and a one year high of $81.89. The company has a debt-to-equity ratio of 3.92, a current ratio of 1.27 and a quick ratio of 0.56. The company has a 50-day simple moving average of $61.76.

BRP Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 10th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, April 10th. This is an increase from BRP’s previous quarterly dividend of $0.07. This represents a $1.00 annualized dividend and a yield of 1.8%. BRP’s payout ratio is currently 24.74%.

Institutional Trading of BRP

Institutional investors and hedge funds have recently bought and sold shares of the company. Quarry LP acquired a new stake in BRP during the fourth quarter valued at approximately $30,000. Signaturefd LLC acquired a new stake in shares of BRP during the 4th quarter worth approximately $43,000. Quadrant Capital Group LLC acquired a new stake in shares of BRP during the 4th quarter worth approximately $89,000. PNC Financial Services Group Inc. acquired a new stake in shares of BRP during the 4th quarter worth approximately $142,000. Finally, Intact Investment Management Inc. acquired a new stake in shares of BRP during the 4th quarter worth approximately $156,000.

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.