BRP Inc. (NASDAQ:DOOO) Given Average Recommendation of “Moderate Buy” by Brokerages

by · The Cerbat Gem

Shares of BRP Inc. (NASDAQ:DOOO – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the nineteen research firms that are presently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and four have issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $84.40.

Several analysts recently issued reports on DOOO shares. Wall Street Zen raised shares of BRP from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 6th. TD Securities restated a “buy” rating on shares of BRP in a research report on Thursday, December 4th. Loop Capital began coverage on BRP in a research report on Thursday, November 13th. They issued a “buy” rating for the company. UBS Group lifted their price objective on BRP from $35.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, September 5th. Finally, National Bankshares upgraded BRP from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 4th.

Get Our Latest Stock Report on DOOO

Hedge Funds Weigh In On BRP

Institutional investors have recently bought and sold shares of the company. Osaic Holdings Inc. grew 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 buying an additional 625 shares during the period. Sagard Holdings Management Inc. acquired a new position in BRP in the second quarter valued at approximately $41,000. JPMorgan Chase & Co. grew its position in BRP by 1,057.4% in the third quarter. JPMorgan Chase & Co. now owns 1,088 shares of the company’s stock worth $66,000 after acquiring an additional 994 shares during the period. Quarry LP acquired a new stake in BRP during the third quarter worth $74,000. Finally, Raymond James Financial Inc. acquired a new stake in BRP during the second quarter worth $60,000.

BRP Stock Down 1.1%

Shares of DOOO opened at $71.50 on Thursday. The stock has a 50 day moving average price of $68.91 and a 200 day moving average price of $61.17. BRP has a one year low of $31.78 and a one year high of $78.07. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.49 and a current ratio of 1.23. The stock has a market capitalization of $5.22 billion, a price-to-earnings ratio of 193.24 and a beta of 1.26.

BRP (NASDAQ:DOOO – Get Free Report) last announced its earnings results on Thursday, December 4th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.27. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.50 billion. BRP had a net margin of 0.45% and a return on equity of 67.30%. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. BRP has set its FY 2026 guidance at 3.600-3.600 EPS. Equities research analysts forecast that BRP will post 3.15 earnings per share for the current fiscal year.

BRP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st will be issued a $0.215 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.2%. BRP’s dividend payout ratio is currently 164.86%.

BRP Company Profile

(Get Free Report)

BRP Inc, operating under the brand name Bombardier Recreational Products, is a leader in designing, manufacturing and distributing recreational vehicles and propulsion systems for winter, on-road, off-road and water lifestyles. The company’s diversified portfolio includes snowmobiles, personal watercraft, all-terrain vehicles and roadsters, all powered by in-house Rotax engines. With a focus on innovation and performance, BRP has positioned itself at the forefront of the powersports industry.

At the heart of BRP’s product lineup are its flagship Ski-Doo snowmobiles and Sea-Doo personal watercraft, which serve both recreational and professional segments.

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