BRP Inc. (NASDAQ:DOO) Stock Rated “Hold” by Wall Street Analysts

by · The Markets Daily

Shares of BRP Inc. (NASDAQ:DOO – Get Free Report) have received a consensus rating of “Hold” from the fourteen brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $84.00.

Several research firms have recently weighed in on DOO. Zacks Research cut BRP from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 8th. National Bank Financial upgraded shares of BRP from a “sector perform” rating to an “outperform” rating in a report on Thursday, September 3rd. TD Securities upgraded shares of BRP from a “hold” rating to a “buy” rating in a research report on Tuesday, August 18th. Wall Street Zen lowered shares of BRP from a “buy” rating to a “hold” rating in a report on Saturday, September 5th. Finally, Citigroup boosted their target price on shares of BRP from $74.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, September 8th.

Check Out Our Latest Analysis on DOO

BRP Price Performance

BRP stock opened at $65.99 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 0.52 and a debt-to-equity ratio of 7.31. The company has a market capitalization of $4.70 billion, a PE ratio of 59.99 and a beta of 1.00. BRP has a 12 month low of $48.83 and a 12 month high of $81.89. The stock has a 50-day moving average price of $58.90 and a two-hundred day moving average price of $63.30.

BRP Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 13th. Stockholders of record on Tuesday, September 29th were issued a dividend of C$0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, September 29th. BRP’s payout ratio is 65.45%.

Institutional Trading of BRP

Several institutional investors have recently modified their holdings of the business. Landscape Capital Management L.L.C. bought a new position in BRP during the 3rd quarter worth $1,317,000. Public Sector Pension Investment Board lifted its holdings in BRP by 9.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 208,369 shares of the company’s stock worth $11,108,000 after buying an additional 18,750 shares during the period. Virtus Advisers LLC lifted its holdings in BRP by 16.1% during the 3rd quarter. Virtus Advisers LLC now owns 2,237 shares of the company’s stock worth $126,000 after buying an additional 311 shares during the period. Russell Investments Group Ltd. grew its position in shares of BRP by 89.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 17,118 shares of the company’s stock valued at $964,000 after buying an additional 8,066 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of BRP by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,078,181 shares of the company’s stock valued at $65,728,000 after buying an additional 23,055 shares during the last quarter.

BRP Company Profile

(Get Free Report)

BRP Inc. is a Canadian company that designs, develops, manufactures and distributes powersports vehicles, marine products and propulsion systems. Its well-known brands include Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercraft, and Can-Am all-terrain vehicles, side-by-side vehicles and three-wheeled motorcycles. The company also offers boats under brands including Alumacraft and Manitou, as well as Rotax engines and related parts, accessories and apparel. BRP sells its products through a network of dealers and distributors serving customers in markets around the world.

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