BRP Inc. (NASDAQ:DOOO) Receives Average Rating of “Hold” from Analysts

BRP Inc. (NASDAQ:DOOO) has been assigned a consensus recommendation of “Hold” from the eight research firms that are covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $97.00.

Separately, Citigroup downgraded BRP from a “buy” rating to a “neutral” rating in a research report on Monday.

BRP Stock Performance

DOOO stock opened at $47.81 on Monday. The stock’s fifty day moving average is $51.08 and its two-hundred day moving average is $57.32. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 25.43 and a beta of 2.02. The company has a debt-to-equity ratio of 5.19, a quick ratio of 0.57 and a current ratio of 1.37. BRP has a 1 year low of $46.85 and a 1 year high of $75.59.

BRP (NASDAQ:DOOO) last posted its earnings results on Friday, December 6th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.35. BRP had a net margin of 2.29% and a return on equity of 61.20%. On average, research analysts predict that BRP will post 3.15 EPS for the current year.

BRP Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a $0.1485 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.59 dividend on an annualized basis and a yield of 1.24%. BRP’s dividend payout ratio (DPR) is 30.85%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DOOO. Alberta Investment Management Corp grew its position in BRP by 44.2% in the fourth quarter. Alberta Investment Management Corp now owns 47,300 shares of the company’s stock worth $2,408,000 after buying an additional 14,500 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of BRP by 14.0% in the 4th quarter. CIBC Asset Management Inc now owns 133,038 shares of the company’s stock worth $7,270,000 after acquiring an additional 16,379 shares during the last quarter. Van ECK Associates Corp raised its position in shares of BRP by 699.9% during the fourth quarter. Van ECK Associates Corp now owns 76,147 shares of the company’s stock worth $3,875,000 after purchasing an additional 66,627 shares during the period. Addenda Capital Inc. lifted its holdings in shares of BRP by 10.5% during the fourth quarter. Addenda Capital Inc. now owns 13,331 shares of the company’s stock valued at $678,000 after purchasing an additional 1,265 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of BRP by 41.5% in the 3rd quarter. Franklin Resources Inc. now owns 731,268 shares of the company’s stock valued at $43,461,000 after purchasing an additional 214,626 shares during the period.

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.