Analysts Set BRP Inc. (NASDAQ:DOOO) PT at $106.29

Shares of BRP Inc. (NASDAQ:DOOO) have been assigned an average rating of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $100.00.

A number of equities research analysts have weighed in on DOOO shares. National Bank Financial lowered shares of BRP from an “outperform” rating to a “sector perform” rating in a report on Wednesday, August 21st. Stifel Nicolaus cut shares of BRP from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. CIBC lowered their target price on BRP from $110.00 to $100.00 and set an “outperformer” rating for the company in a research report on Monday, June 3rd. Finally, Citigroup upped their price target on BRP from $73.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th.

BRP Stock Down 4.8 %

Shares of DOOO opened at $62.91 on Friday. The company has a debt-to-equity ratio of 4.23, a quick ratio of 0.46 and a current ratio of 1.35. BRP has a 52 week low of $57.15 and a 52 week high of $79.84. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of 11.38 and a beta of 2.07. The stock has a fifty day moving average of $68.18 and a 200-day moving average of $67.02.

BRP (NASDAQ:DOOO) last posted its earnings results on Friday, September 6th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.22 by $0.23. BRP had a return on equity of 101.72% and a net margin of 5.87%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.35 billion. As a group, sell-side analysts anticipate that BRP will post 4.33 earnings per share for the current fiscal year.

BRP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be given a dividend of $0.152 per share. This represents a $0.61 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Friday, September 27th. BRP’s dividend payout ratio (DPR) is 11.03%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of DOOO. UniSuper Management Pty Ltd increased its stake in BRP by 66.7% in the first quarter. UniSuper Management Pty Ltd now owns 500 shares of the company’s stock valued at $34,000 after purchasing an additional 200 shares in the last quarter. Trivant Custom Portfolio Group LLC acquired a new position in BRP during the 1st quarter worth approximately $50,000. Dnca Finance bought a new position in BRP in the second quarter worth approximately $66,000. Lake Street Advisors Group LLC bought a new position in BRP in the second quarter worth approximately $201,000. Finally, Intech Investment Management LLC acquired a new stake in BRP in the second quarter valued at approximately $209,000.

BRP Company Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.