BRP Inc. (NASDAQ:DOOO) Given Consensus Rating of “Moderate Buy” by Analysts

BRP Inc. (NASDAQ:DOOO) has received a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $94.75.

Separately, UBS Group reissued a “neutral” rating on shares of BRP in a research report on Thursday, April 9th.

BRP Price Performance

NASDAQ DOOO opened at $59.76 on Thursday. The company has a 50 day simple moving average of $58.21 and a 200-day simple moving average of $68.17. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.23 and a quick ratio of 0.49. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 161.51 and a beta of 1.26. BRP has a 52-week low of $32.54 and a 52-week high of $78.07.

Hedge Funds Weigh In On BRP

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd bought a new position in BRP during the first quarter valued at approximately $207,000. Jones Financial Companies Lllp raised its position in BRP by 28,660.0% during the first quarter. Jones Financial Companies Lllp now owns 21,570 shares of the company’s stock valued at $729,000 after acquiring an additional 21,495 shares in the last quarter. Goldman Sachs Group Inc. raised its position in BRP by 144.4% during the first quarter. Goldman Sachs Group Inc. now owns 723,443 shares of the company’s stock valued at $24,460,000 after acquiring an additional 427,434 shares in the last quarter. Jane Street Group LLC raised its position in BRP by 110.9% during the first quarter. Jane Street Group LLC now owns 138,051 shares of the company’s stock valued at $4,663,000 after acquiring an additional 72,581 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in BRP during the first quarter valued at approximately $70,000.

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.