BRP Inc. (NASDAQ:DOOO) Receives Consensus Recommendation of “Hold” from Analysts

Shares of BRP Inc. (NASDAQ:DOOO) have been assigned a consensus recommendation of “Hold” from the eight analysts that are currently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and one has given 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.

Separately, Citigroup downgraded shares of BRP from a “buy” rating to a “neutral” rating in a research report on Monday, February 3rd.

BRP Stock Down 1.8 %

Shares of NASDAQ:DOOO opened at $42.79 on Monday. BRP has a 52-week low of $41.10 and a 52-week high of $75.59. The company has a market capitalization of $3.12 billion, a PE ratio of 22.76 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. The company has a fifty day moving average of $50.60 and a 200-day moving average of $56.44.

BRP (NASDAQ:DOOO) last issued its earnings results on Friday, December 6th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.35. BRP had a return on equity of 61.20% and a net margin of 2.29%. On average, equities analysts predict that BRP will post 3.15 EPS for the current fiscal 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 dividend of $0.1485 per share. This represents a $0.59 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Tuesday, December 31st. BRP’s dividend payout ratio is presently 30.85%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in BRP during the fourth quarter worth $916,000. Charles Schwab Investment Management Inc. raised its position in shares of BRP by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 99,154 shares of the company’s stock worth $5,047,000 after acquiring an additional 3,351 shares in the last quarter. Alberta Investment Management Corp lifted its stake in shares of BRP by 44.2% in the 4th quarter. Alberta Investment Management Corp now owns 47,300 shares of the company’s stock valued at $2,408,000 after purchasing an additional 14,500 shares during the period. CIBC Asset Management Inc boosted its position in shares of BRP by 14.0% during the 4th quarter. CIBC Asset Management Inc now owns 133,038 shares of the company’s stock valued at $7,270,000 after purchasing an additional 16,379 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in 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.

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.