BRP (NASDAQ:DOO) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen downgraded shares of BRP (NASDAQ:DOO) from a buy rating to a hold rating in a report released on Saturday morning,Wall Street Zen reports.

Several other brokerages also recently weighed in on DOO. Weiss Ratings downgraded BRP from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday. Scotiabank reiterated a “sector perform” rating on shares of BRP in a research note on Friday. TD Securities raised BRP from a “hold” rating to a “buy” rating in a research report on Tuesday, August 18th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of BRP in a research report on Friday, May 29th. Finally, Stifel Nicolaus lowered shares of BRP from a “buy” rating to a “hold” rating in a research note on Friday, May 29th. Six equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $83.00.

BRP Stock Up 4.8%

Shares of NASDAQ DOO opened at $67.32 on Friday. The stock has a market cap of $4.94 billion, a P/E ratio of 61.20 and a beta of 0.88. The business’s fifty day simple moving average is $62.18 and its 200-day simple moving average is $63.21. BRP has a 12-month low of $48.83 and a 12-month high of $81.89. 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 Dividend Announcement

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

Institutional Trading of BRP

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Allianz Asset Management GmbH lifted its holdings in BRP by 24.5% during the 2nd quarter. Allianz Asset Management GmbH now owns 60,855 shares of the company’s stock worth $3,716,000 after buying an additional 11,966 shares during the last quarter. Nykredit A S purchased a new position in shares of BRP in the 2nd quarter valued at about $61,000. Addenda Capital Inc. increased its holdings in shares of BRP by 10.9% in the 2nd quarter. Addenda Capital Inc. now owns 19,664 shares of the company’s stock valued at $1,200,000 after acquiring an additional 1,933 shares during the last quarter. BlackRock Inc. raised its position in shares of BRP by 3.5% during the 2nd quarter. BlackRock Inc. now owns 12,364 shares of the company’s stock worth $754,000 after acquiring an additional 417 shares in the last quarter. Finally, Deutsche Bank AG raised its position in shares of BRP by 6.0% during the 2nd quarter. Deutsche Bank AG now owns 7,124 shares of the company’s stock worth $435,000 after acquiring an additional 402 shares in the last quarter.

Trending Headlines about 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

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.