BRP (NASDAQ:DOOO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of BRP (NASDAQ:DOOO) from a buy rating to a strong-buy rating in a report released on Saturday.

A number of other analysts also recently weighed in on DOOO. UBS Group increased their price objective on BRP from $35.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, September 5th. BMO Capital Markets restated an “outperform” rating on shares of BRP in a report on Tuesday, September 2nd. CIBC upgraded shares of BRP from a “neutral” rating to a “sector outperform” rating in a report on Tuesday, September 2nd. TD Securities restated a “buy” rating on shares of BRP in a report on Tuesday, September 2nd. Finally, Zacks Research upgraded shares of BRP from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 2nd. Four analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $79.60.

BRP Stock Performance

NASDAQ DOOO opened at $66.71 on Friday. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of -277.96 and a beta of 1.19. BRP has a twelve month low of $31.78 and a twelve month high of $68.45. The stock has a fifty day simple moving average of $63.55 and a 200 day simple moving average of $50.97. 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 (NASDAQ:DOOO) last posted its quarterly earnings data on Friday, August 29th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.34. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.77 billion. BRP had a positive return on equity of 61.26% and a negative net margin of 0.34%. BRP has set its FY 2026 guidance at 3.090-3.460 EPS. Sell-side analysts expect that BRP will post 3.15 EPS for the current year.

BRP Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th were paid a $0.215 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.86 annualized dividend and a dividend yield of 1.3%. This is an increase from BRP’s previous quarterly dividend of $0.16. BRP’s dividend payout ratio (DPR) is presently -262.50%.

Institutional Trading of BRP

Several hedge funds have recently modified their holdings of the stock. Cortland Associates Inc. MO bought a new stake in shares of BRP in the 3rd quarter valued at $283,000. Annex Advisory Services LLC bought a new stake in shares of BRP in the 3rd quarter valued at $240,000. Addenda Capital Inc. increased its stake in shares of BRP by 5.8% in the 3rd quarter. Addenda Capital Inc. now owns 19,326 shares of the company’s stock valued at $1,175,000 after acquiring an additional 1,052 shares in the last quarter. Osaic Holdings Inc. increased its stake in shares of BRP by 905.8% in the 2nd quarter. Osaic Holdings Inc. now owns 694 shares of the company’s stock valued at $34,000 after acquiring an additional 625 shares in the last quarter. Finally, Tidal Investments LLC bought a new stake in shares of BRP in the 2nd quarter valued at $290,000.

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.