BRP Inc. (NASDAQ:DOO) Given Consensus Recommendation of “Hold” by Analysts

BRP Inc. (NASDAQ:DOO) has received a consensus rating of “Hold” from the fourteen ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $83.00.

A number of equities analysts have commented on the stock. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of BRP in a research note on Friday, May 29th. TD Cowen downgraded shares of BRP from a “buy” rating to a “hold” rating in a research note on Wednesday, April 15th. National Bank Financial downgraded shares of BRP from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, April 15th. Zacks Research downgraded shares of BRP from a “hold” rating to a “strong sell” rating in a research note on Monday, June 1st. Finally, Canaccord Genuity Group downgraded shares of BRP from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th.

Hedge Funds Weigh In On BRP

Hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP bought a new position in shares of BRP during the fourth quarter valued at approximately $30,000. Signaturefd LLC bought a new position in shares of BRP during the fourth quarter valued at approximately $43,000. Quadrant Capital Group LLC bought a new position in shares of BRP during the fourth quarter valued at approximately $89,000. PNC Financial Services Group Inc. bought a new position in shares of BRP during the fourth quarter valued at approximately $142,000. Finally, Intact Investment Management Inc. bought a new position in shares of BRP during the fourth quarter valued at approximately $156,000.

BRP Price Performance

Shares of DOO stock opened at $60.28 on Friday. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.30 and a quick ratio of 0.61. The company has a market cap of $4.45 billion, a P/E ratio of 22.75 and a beta of 0.89. The stock has a 50-day moving average of $60.22. BRP has a one year low of $46.23 and a one year high of $81.89.

BRP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. BRP’s dividend payout ratio (DPR) is currently 27.17%.

About BRP

BRP Inc, headquartered in Valcourt, Quebec, designs, manufactures and distributes powersports vehicles and propulsion systems for recreational and utility use. The company traces its roots to the Bombardier family and the early development of the snowmobile, and it operates as a global manufacturer of recreational vehicles and related technologies.

BRP’s product portfolio includes snowmobiles, personal watercraft and sport boats, off-road vehicles (including all-terrain and side-by-side models) and three‑wheel on‑road vehicles.