BRP (NASDAQ:DOO) Price Target Cut to $86.00 by Analysts at Citigroup

BRP (NASDAQ:DOO) had its price target lowered by research analysts at Citigroup from $87.00 to $86.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s target price points to a potential upside of 25.39% from the stock’s previous close.

Several other equities analysts have also commented on the company. Wells Fargo & Company assumed coverage on BRP in a research note on Wednesday, March 11th. They set an “overweight” rating on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of BRP in a research report on Monday, March 23rd. Finally, UBS Group boosted their price target on shares of BRP from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, January 9th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, BRP currently has an average rating of “Moderate Buy” and a consensus price target of $80.50.

BRP Trading Up 3.5%

Shares of NASDAQ DOO traded up $2.33 during trading hours on Monday, reaching $68.58. The stock had a trading volume of 161,173 shares, compared to its average volume of 203,301. BRP has a 52-week low of $31.78 and a 52-week high of $81.89. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 23.53 and a beta of 1.22. The company has a fifty day moving average price of $73.43. The company has a current ratio of 1.27, a quick ratio of 0.56 and a debt-to-equity ratio of 3.92.

Institutional Investors Weigh In On BRP

Several institutional investors have recently added to or reduced their stakes in DOO. Quarry LP purchased a new position in shares of BRP in the 4th quarter valued at approximately $30,000. Signaturefd LLC acquired a new position in BRP during the 4th quarter valued at approximately $43,000. Quadrant Capital Group LLC purchased a new position in shares of BRP in the fourth quarter worth $89,000. PNC Financial Services Group Inc. acquired a new stake in shares of BRP during the fourth quarter worth $142,000. Finally, Intact Investment Management Inc. purchased a new stake in shares of BRP during the fourth quarter valued at $156,000.

BRP Company Profile

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.