BRP Inc. (NASDAQ:DOOO) Given Consensus Rating of “Hold” by Brokerages

Shares of BRP Inc. (NASDAQ:DOOO) have been assigned an average rating of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $97.00.

A number of equities analysts have recently weighed in on the company. Cibc World Mkts downgraded BRP from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th. UBS Group cut their price objective on BRP from $66.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, September 13th. Stifel Nicolaus cut shares of BRP from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Scotiabank downgraded shares of BRP from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, September 9th. Finally, Desjardins lowered BRP from a “moderate buy” rating to a “hold” rating in a research note on Sunday, September 8th.

Institutional Trading of BRP

A number of hedge funds have recently modified their holdings of the stock. US Bancorp DE lifted its holdings in BRP by 350.0% during the 3rd quarter. US Bancorp DE now owns 414 shares of the company’s stock worth $25,000 after purchasing an additional 322 shares during the last quarter. UniSuper Management Pty Ltd grew its stake in shares of BRP by 66.7% during the first quarter. UniSuper Management Pty Ltd now owns 500 shares of the company’s stock worth $34,000 after buying an additional 200 shares during the last quarter. Dnca Finance bought a new stake in shares of BRP during the second quarter worth about $66,000. Spartan Fund Management Inc. bought a new position in BRP in the 3rd quarter valued at approximately $72,000. Finally, DRW Securities LLC acquired a new position in BRP in the 3rd quarter valued at approximately $161,000.

BRP Stock Up 1.1 %

Shares of BRP stock opened at $48.29 on Friday. The company has a quick ratio of 0.37, a current ratio of 1.32 and a debt-to-equity ratio of 4.99. BRP has a 12-month low of $46.85 and a 12-month high of $75.59. The firm has a market capitalization of $3.53 billion, a PE ratio of 20.04 and a beta of 2.07. The stock’s fifty day moving average is $55.11 and its 200-day moving average is $62.64.

BRP (NASDAQ:DOOO) last announced its earnings results on Friday, September 6th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.22 by $0.23. BRP had a net margin of 2.78% and a return on equity of 79.58%. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Equities analysts anticipate that BRP will post 2.3 earnings per share for the current year.

BRP Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were paid a $0.152 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.61 annualized dividend and a yield of 1.26%. BRP’s dividend payout ratio (DPR) is currently 25.73%.

About BRP

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.