BRP Inc. (NASDAQ:DOOO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

BRP Inc. (NASDAQ:DOOO) has earned a consensus rating of “Moderate Buy” from the fourteen brokerages that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $94.75.

DOOO has been the subject of a number of research analyst reports. UBS Group reiterated a “neutral” rating on shares of BRP in a research note on Thursday, April 9th. Citigroup reiterated a “buy” rating on shares of BRP in a research note on Wednesday, January 14th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd bought a new position in BRP in the 1st quarter worth approximately $207,000. Jones Financial Companies Lllp raised its position in BRP by 28,660.0% in the 1st quarter. Jones Financial Companies Lllp now owns 21,570 shares of the company’s stock worth $729,000 after purchasing an additional 21,495 shares during the last quarter. Goldman Sachs Group Inc. raised its position in BRP by 144.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 723,443 shares of the company’s stock worth $24,460,000 after purchasing an additional 427,434 shares during the last quarter. Jane Street Group LLC raised its position in BRP by 110.9% in the 1st quarter. Jane Street Group LLC now owns 138,051 shares of the company’s stock worth $4,663,000 after purchasing an additional 72,581 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in BRP in the 1st quarter worth approximately $70,000.

BRP Stock Performance

NASDAQ:DOOO opened at $55.00 on Wednesday. BRP has a 1 year low of $32.54 and a 1 year high of $78.07. The firm has a 50 day moving average of $68.33 and a 200-day moving average of $70.41. The company has a current ratio of 1.23, a quick ratio of 0.49 and a debt-to-equity ratio of 4.31. The stock has a market capitalization of $4.02 billion, a P/E ratio of 148.65 and a beta of 1.26.

About BRP

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.