BRP Inc. (NASDAQ:DOO) Receives $83.00 Average Price Target from Analysts

Shares of BRP Inc. (NASDAQ:DOO) have earned an average rating of “Hold” from the fourteen ratings firms that are presently covering the stock, Marketbeat reports. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $83.00.

A number of equities analysts have commented on the company. Wall Street Zen cut BRP from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. TD Securities reaffirmed a “hold” rating on shares of BRP in a research note on Friday, May 29th. National Bank Financial cut BRP from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, April 15th. TD Cowen cut BRP from a “buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of BRP in a research note on Friday, May 29th.

BRP Stock Performance

DOO stock opened at $65.01 on Monday. The company has a current ratio of 1.30, a quick ratio of 0.61 and a debt-to-equity ratio of 3.41. BRP has a 12-month low of $48.83 and a 12-month high of $81.89. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 24.53 and a beta of 0.88. The business’s 50-day moving average is $60.63 and its 200 day moving average is $65.11.

BRP Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.5%. BRP’s dividend payout ratio is presently 26.42%.

Institutional Investors Weigh In On BRP

A number of hedge funds have recently modified their holdings of the business. Mackenzie Financial Corp acquired a new position in BRP during the fourth quarter worth about $207,651,000. Price T Rowe Associates Inc. MD acquired a new stake in BRP in the 4th quarter valued at about $169,341,000. Capital World Investors acquired a new stake in BRP in the 4th quarter valued at about $158,763,000. FIL Ltd purchased a new position in BRP in the 4th quarter worth approximately $123,110,000. Finally, Vanguard Group Inc. purchased a new position in BRP in the 4th quarter worth approximately $98,153,000.

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.