BRP (NASDAQ:DOOO) Upgraded at Desjardins

Desjardins upgraded shares of BRP (NASDAQ:DOOO) from a hold rating to a buy rating in a report published on Friday, Marketbeat.com reports. Desjardins also issued estimates for BRP’s Q2 2026 earnings at $0.35 EPS, Q4 2026 earnings at $0.94 EPS and FY2027 earnings at $3.15 EPS.

Several other analysts have also weighed in on DOOO. Robert W. Baird reaffirmed a “neutral” rating and issued a $43.00 price objective (down from $48.00) on shares of BRP in a research note on Friday, April 4th. Baird R W lowered BRP from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. TD Securities reaffirmed a “hold” rating on shares of BRP in a research note on Thursday, March 27th. UBS Group reduced their price objective on BRP from $45.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 23rd. Finally, Citigroup raised BRP from a “sell” rating to a “neutral” rating and lifted their price target for the company from $27.00 to $37.00 in a research note on Friday, April 4th. Eight analysts have rated the stock with a hold rating, two have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $53.75.

BRP Stock Up 9.1%

Shares of NASDAQ DOOO opened at $44.26 on Friday. The company has a debt-to-equity ratio of 5.19, a quick ratio of 0.57 and a current ratio of 1.37. BRP has a 52 week low of $31.78 and a 52 week high of $74.00. The stock has a market capitalization of $3.23 billion, a P/E ratio of 23.54 and a beta of 1.17. The stock’s fifty day moving average is $35.51 and its 200 day moving average is $42.81.

BRP (NASDAQ:DOOO) last issued its quarterly earnings results on Thursday, May 29th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. BRP had a return on equity of 61.20% and a net margin of 2.29%. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Sell-side analysts forecast that BRP will post 3.15 earnings per share for the current fiscal year.

BRP Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be paid a $0.1557 dividend. This is a positive change from BRP’s previous quarterly dividend of $0.15. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Monday, June 30th. BRP’s payout ratio is currently -29.21%.

Hedge Funds Weigh In On BRP

A number of hedge funds and other institutional investors have recently made changes to their positions in DOOO. Van ECK Associates Corp lifted its stake in shares of BRP by 699.9% in the fourth quarter. Van ECK Associates Corp now owns 76,147 shares of the company’s stock worth $3,875,000 after acquiring an additional 66,627 shares during the period. CIBC Asset Management Inc lifted its stake in shares of BRP by 14.0% in the fourth quarter. CIBC Asset Management Inc now owns 133,038 shares of the company’s stock worth $7,270,000 after acquiring an additional 16,379 shares during the period. Alberta Investment Management Corp lifted its stake in shares of BRP by 44.2% in the fourth quarter. Alberta Investment Management Corp now owns 47,300 shares of the company’s stock worth $2,408,000 after acquiring an additional 14,500 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of BRP by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 99,154 shares of the company’s stock worth $5,047,000 after acquiring an additional 3,351 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of BRP in the fourth quarter worth approximately $916,000.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.