BRP Inc. (NASDAQ:DOO) Receives Average Recommendation of “Moderate Buy” from Analysts

BRP Inc. (NASDAQ:DOO) has earned a consensus rating of “Moderate Buy” from the five research firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $80.50.

A number of research firms recently weighed in on DOO. Wells Fargo & Company assumed coverage on shares of BRP in a research note on Wednesday, March 11th. They issued an “overweight” rating on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of BRP in a research note on Monday, March 23rd. Citigroup decreased their price objective on BRP from $87.00 to $86.00 and set a “buy” rating on the stock in a report on Monday. UBS Group upped their price objective on BRP from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, January 9th. Finally, Zacks Research upgraded BRP from a “hold” rating to a “strong-buy” rating in a research report on Friday.

BRP Stock Performance

Shares of DOO stock opened at $68.44 on Tuesday. The firm has a fifty day simple moving average of $73.23. The firm has a market cap of $5.02 billion, a PE ratio of 23.52 and a beta of 1.22. BRP has a 52-week low of $31.78 and a 52-week high of $81.89. The company has a current ratio of 1.27, a quick ratio of 0.56 and a debt-to-equity ratio of 3.92.

BRP Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, April 10th will be paid a dividend of $0.25 per share. This is an increase from BRP’s previous quarterly dividend of $0.07. This represents a $1.00 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, April 10th. BRP’s dividend payout ratio is currently 21.65%.

Institutional Investors Weigh In On BRP

Several institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP acquired a new position in shares of BRP during the fourth quarter worth approximately $30,000. De Lisle Partners LLP acquired a new stake in shares of BRP in the fourth quarter valued at approximately $1,484,000. TD Asset Management Inc bought a new position in BRP in the 4th quarter worth approximately $17,431,000. Vestcor Inc bought a new position in BRP in the 4th quarter worth approximately $1,591,000. Finally, Systematic Financial Management LP acquired a new position in BRP during the 4th quarter worth $17,672,000.

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.