Wall Street Zen Downgrades BRP (NASDAQ:DOO) to Hold

by · The Cerbat Gem

BRP (NASDAQ:DOO – Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday, Wall Street Zen reports.

A number of other brokerages have also recently commented on DOO. National Bank Financial raised shares of BRP from a “sector perform” rating to an “outperform” rating in a report on Thursday. TD Securities raised shares of BRP from a “hold” rating to a “buy” rating in a research report on Tuesday, August 18th. Royal Bank Of Canada restated an “outperform” rating on shares of BRP in a research note on Friday, May 29th. Stifel Nicolaus downgraded BRP from a “buy” rating to a “hold” rating in a research report on Friday, May 29th. Finally, Citigroup decreased their price objective on BRP from $75.00 to $74.00 and set a “buy” rating on the stock in a research note on Friday, May 29th. Six research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, BRP has an average rating of “Hold” and an average target price of $83.00.

Check Out Our Latest Research Report on DOO

BRP Price Performance

BRP stock opened at $67.32 on Friday. BRP has a one year low of $48.83 and a one year high of $81.89. The stock has a fifty day moving average of $62.18 and a 200 day moving average of $63.11. The company has a debt-to-equity ratio of 7.31, a quick ratio of 0.52 and a current ratio of 1.19. The stock has a market cap of $4.94 billion, a PE ratio of 61.20 and a beta of 0.88.

Hedge Funds Weigh In On BRP

Institutional investors have recently bought and sold shares of the business. Walleye Capital LLC increased its position in shares of BRP by 224.1% during the 2nd quarter. Walleye Capital LLC now owns 29,035 shares of the company’s stock valued at $1,772,000 after purchasing an additional 20,077 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in BRP by 11.2% during the first quarter. Dimensional Fund Advisors LP now owns 206,229 shares of the company’s stock worth $14,805,000 after buying an additional 20,786 shares during the period. VELA Investment Management LLC increased its position in BRP by 60.7% during the second quarter. VELA Investment Management LLC now owns 45,333 shares of the company’s stock valued at $2,766,000 after acquiring an additional 17,131 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of BRP by 324.1% in the first quarter. Lazard Asset Management LLC now owns 152,035 shares of the company’s stock valued at $10,931,000 after acquiring an additional 116,189 shares during the period. Finally, Vestcor Inc bought a new stake in shares of BRP in the 4th quarter worth about $1,591,000.

Key BRP News

Here are the key news stories impacting BRP this week:

  • Positive Sentiment: Revenue beat expectations: BRP reported second-quarter revenue of approximately $2.24 billion, up 18.5% year over year and above consensus estimates. Growth was driven by higher off-road vehicle shipments and a favorable side-by-side vehicle mix. North American powersports retail sales rose 1%, while the company gained market share in North American off-road vehicles. BRP Presents Its Second Quarter Results for Fiscal Year 2027
  • Positive Sentiment: Full-year outlook improved: BRP raised its fiscal 2027 normalized diluted EPS outlook to $4.00-$4.50. Separately reported guidance calls for EPS of $2.889-$3.251 and revenue of $6.7-$6.8 billion, with the EPS range above the $2.710 consensus estimate. The higher outlook signals management’s confidence in demand and execution. BRP Second-Quarter Results and Full-Year Outlook
  • Positive Sentiment: Analyst upgrade: National Bank Financial upgraded BRP from “sector perform” to “outperform,” providing additional support for the shares.
  • Positive Sentiment: Dividend maintained: BRP declared a quarterly dividend of $0.25 per share, equivalent to approximately $1.00 annually and a 1.6% yield. The dividend is payable October 13 to shareholders of record September 29.
  • Neutral Sentiment: Leadership transition: CFO Sébastien Martel will retire October 1, with Minh Thanh Tran appointed as his successor. The change adds an execution consideration but was presented as a planned transition. BRP Announces Planned Financial Leadership Transition
  • Negative Sentiment: Profitability weakened: BRP posted a $136.8 million net loss, while normalized EBITDA fell 34.9% to $138.8 million. The company’s normalized diluted loss was $0.18 per share, although this still exceeded the expected $0.46 loss. BRP Inc. Reports Q2 Loss and Beats Revenue Estimates

BRP Company Profile

(Get Free Report)

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.

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