BRP Inc. (NASDAQ:DOOO) Receives Average Recommendation of “Moderate Buy” from Analysts

BRP Inc. (NASDAQ:DOOO) has been assigned an average rating of “Moderate Buy” from the seventeen brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $72.75.

A number of equities research analysts recently issued reports on DOOO shares. Citigroup upgraded shares of BRP from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $68.00 to $73.00 in a report on Wednesday, October 1st. Wall Street Zen cut shares of BRP from a “strong-buy” rating to a “buy” rating in a report on Saturday. Zacks Research upgraded shares of BRP from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 2nd. Weiss Ratings reissued a “sell (d+)” rating on shares of BRP in a research report on Wednesday. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of BRP in a research report on Tuesday, September 2nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. lifted its position in BRP by 905.8% during the 2nd quarter. Osaic Holdings Inc. now owns 694 shares of the company’s stock worth $34,000 after acquiring an additional 625 shares during the last quarter. Sagard Holdings Management Inc. bought a new stake in shares of BRP in the second quarter valued at about $41,000. Raymond James Financial Inc. bought a new stake in shares of BRP in the second quarter valued at about $60,000. Acadian Asset Management LLC bought a new stake in shares of BRP in the first quarter valued at about $70,000. Finally, State of Wyoming bought a new stake in shares of BRP in the first quarter valued at about $93,000.

BRP Trading Down 3.1%

BRP stock opened at $63.86 on Friday. The company’s fifty day simple moving average is $60.72 and its 200-day simple moving average is $48.40. The company has a quick ratio of 0.55, a current ratio of 1.34 and a debt-to-equity ratio of 5.54. BRP has a 12 month low of $31.78 and a 12 month high of $68.42. The stock has a market cap of $4.66 billion, a P/E ratio of -266.08 and a beta of 1.19.

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

BRP Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.215 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.86 dividend on an annualized basis and a yield of 1.3%. This is a positive change from BRP’s previous quarterly dividend of $0.16. BRP’s dividend payout ratio (DPR) is presently -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.