BRP (NASDAQ:DOO) Raised to Hold at Zacks Research

BRP (NASDAQ:DOO) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

DOO has been the topic of several other reports. UBS Group lowered their price target on BRP from $78.00 to $68.00 and set a “neutral” rating on the stock in a research report on Friday, June 5th. Wells Fargo & Company started coverage on BRP in a report on Wednesday, March 11th. They issued an “overweight” rating for the company. Wall Street Zen cut BRP from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of BRP in a report on Friday, May 29th. Finally, Canaccord Genuity Group cut shares of BRP from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Four analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, BRP presently has a consensus rating of “Hold” and an average price target of $83.00.

BRP Price Performance

Shares of NASDAQ:DOO opened at $58.71 on Tuesday. BRP has a 12 month low of $47.74 and a 12 month high of $81.89. The company has a market capitalization of $4.33 billion, a PE ratio of 22.15 and a beta of 0.89. The business’s 50 day moving average price is $58.03. The company has a debt-to-equity ratio of 3.41, a quick ratio of 0.61 and a current ratio of 1.30.

Hedge Funds Weigh In On BRP

A number of hedge funds have recently modified their holdings of the stock. Quarry LP acquired a new stake in shares of BRP during the fourth quarter worth $30,000. Signaturefd LLC acquired a new position in shares of BRP in the 4th quarter valued at $43,000. Quadrant Capital Group LLC purchased a new position in BRP in the 4th quarter worth about $89,000. PNC Financial Services Group Inc. purchased a new position in BRP in the 4th quarter worth about $142,000. Finally, Intact Investment Management Inc. acquired a new stake in BRP during the 4th quarter worth about $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.