BRP (NASDAQ:DOO) Downgraded to Strong Sell Rating by Zacks Research

BRP (NASDAQ:DOO) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday,Zacks.com reports.

Other research analysts have also issued research reports about the stock. Seaport Research Partners lowered shares of BRP from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 15th. National Bank Financial lowered shares of BRP from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, April 15th. Wells Fargo & Company began coverage on shares of BRP in a research note on Wednesday, March 11th. They set an “overweight” rating on the stock. UBS Group reissued a “neutral” rating on shares of BRP in a research note on Friday, April 24th. Finally, Raymond James Financial lowered shares of BRP from a “strong-buy” rating to a “market perform” rating in a research note on Friday, April 24th. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $85.33.

BRP Price Performance

BRP stock opened at $61.18 on Monday. The business’s 50 day moving average price is $61.38. BRP has a fifty-two week low of $43.97 and a fifty-two week high of $81.89. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 23.09 and a beta of 0.89. The company has a quick ratio of 0.61, a current ratio of 1.30 and a debt-to-equity ratio of 3.41.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Quarry LP bought a new position in BRP in the fourth quarter valued at approximately $30,000. Signaturefd LLC bought a new position in BRP in the fourth quarter valued at approximately $43,000. Quadrant Capital Group LLC bought a new position in BRP in the fourth quarter valued at approximately $89,000. PNC Financial Services Group Inc. bought a new position in BRP in the fourth quarter valued at approximately $142,000. Finally, Intact Investment Management Inc. bought a new position in BRP in the fourth quarter valued at approximately $156,000.

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.