Brokerages Set BRP Inc. (NASDAQ:DOOO) Price Target at $71.50

BRP Inc. (NASDAQ:DOOO) has received an average rating of “Moderate Buy” from the sixteen analysts that are covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and four have given a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $71.50.

Several research firms have recently commented on DOOO. Wall Street Zen upgraded BRP from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 30th. Cibc World Mkts upgraded BRP from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 1st. Scotiabank reaffirmed a “sector perform” rating on shares of BRP in a research note on Tuesday, September 2nd. BMO Capital Markets reiterated an “outperform” rating on shares of BRP in a research note on Tuesday, September 2nd. Finally, Zacks Research raised shares of BRP from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 2nd.

Institutional Investors Weigh In On BRP

A number of institutional investors have recently bought and sold shares of the business. Osaic Holdings Inc. raised its holdings in BRP by 905.8% during the second quarter. Osaic Holdings Inc. now owns 694 shares of the company’s stock valued at $34,000 after acquiring an additional 625 shares during the period. Sagard Holdings Management Inc. purchased a new stake in shares of BRP during the second quarter worth about $41,000. Raymond James Financial Inc. bought a new stake in BRP during the 2nd quarter valued at approximately $60,000. Acadian Asset Management LLC purchased a new position in BRP in the 1st quarter worth approximately $70,000. Finally, State of Wyoming purchased a new position in BRP in the 1st quarter worth approximately $93,000.

BRP Stock Up 0.9%

DOOO stock opened at $61.67 on Tuesday. The company has a market cap of $4.50 billion, a price-to-earnings ratio of -256.96 and a beta of 1.19. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.55 and a current ratio of 1.34. The business’s 50-day moving average is $56.82 and its two-hundred day moving average is $46.06. BRP has a fifty-two week low of $31.78 and a fifty-two week high of $68.42.

BRP (NASDAQ:DOOO) last announced its earnings results on Friday, August 29th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.34. BRP had a negative net margin of 0.34% and a positive return on equity of 61.26%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.77 billion. BRP has set its FY 2026 guidance at 3.090-3.460 EPS. As a group, analysts forecast that BRP will post 3.15 earnings per share for the current year.

BRP Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Tuesday, September 30th. This is a positive change from BRP’s previous quarterly dividend of $0.16. BRP’s payout ratio is -262.50%.

BRP Company Profile

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.