Royal Bank Of Canada Issues Positive Forecast for BRP (NASDAQ:DOOO) Stock Price

BRP (NASDAQ:DOOO) had its price target upped by Royal Bank Of Canada from $100.00 to $107.00 in a report released on Thursday morning, Marketbeat.com reports. The firm currently has an outperform rating on the stock.

Several other equities analysts also recently issued reports on the stock. Citigroup raised shares of BRP from a “neutral” rating to a “buy” rating and lifted their price target for the company from $68.00 to $73.00 in a report on Wednesday, October 1st. CIBC raised BRP from a “neutral” rating to a “sector outperform” rating in a report on Tuesday, September 2nd. National Bankshares set a $105.00 price target on BRP and gave the company a “sector perform” rating in a report on Tuesday, September 2nd. Zacks Research upgraded BRP from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 2nd. Finally, BMO Capital Markets restated an “outperform” rating on shares of BRP in a report on Tuesday, September 2nd. Four investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.60.

BRP Price Performance

BRP stock opened at $66.69 on Thursday. The business has a 50 day simple moving average of $61.98 and a 200 day simple moving average of $49.26. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.34 and a quick ratio of 0.55. The company has a market capitalization of $4.87 billion, a PE ratio of -277.88 and a beta of 1.19. BRP has a one year low of $31.78 and a one year high of $68.45.

BRP (NASDAQ:DOOO) last released its quarterly earnings data on Friday, August 29th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.34. BRP had a positive return on equity of 61.26% and a negative net margin of 0.34%.The firm 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. On average, sell-side analysts forecast that BRP will post 3.15 EPS for the current fiscal year.

BRP Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th were given a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Tuesday, September 30th. This is a positive change from BRP’s previous quarterly dividend of $0.16. BRP’s dividend payout ratio is -262.50%.

Hedge Funds Weigh In On BRP

Several large investors have recently made changes to their positions in DOOO. Osaic Holdings Inc. increased its position in BRP by 905.8% in the second quarter. Osaic Holdings Inc. now owns 694 shares of the company’s stock worth $34,000 after purchasing an additional 625 shares during the period. Sagard Holdings Management Inc. acquired a new stake in shares of BRP during the 2nd quarter worth approximately $41,000. Raymond James Financial Inc. acquired a new stake in shares of BRP during the 2nd quarter worth approximately $60,000. Acadian Asset Management LLC bought a new stake in shares of BRP during the first quarter worth approximately $70,000. Finally, State of Wyoming acquired a new position in BRP in the first quarter valued at approximately $93,000.

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.