BRP Inc. (NASDAQ:DOOO – Get Rating) has been assigned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $130.33.
Several equities analysts have recently commented on DOOO shares. Raymond James cut their price target on BRP from C$146.00 to C$135.00 in a research note on Monday, June 6th. Canaccord Genuity Group lifted their target price on BRP from C$130.00 to C$136.00 in a research note on Monday, March 28th. DA Davidson initiated coverage on BRP in a research note on Wednesday, May 4th. They issued a “buy” rating on the stock. Royal Bank of Canada cut their target price on BRP from C$128.00 to C$111.00 in a research note on Monday, June 6th. Finally, Stifel Nicolaus cut their target price on BRP from C$150.00 to C$145.00 in a research note on Monday, June 6th.
Institutional investors have recently added to or reduced their stakes in the stock. CIBC Asset Management Inc lifted its holdings in shares of BRP by 6.8% during the fourth quarter. CIBC Asset Management Inc now owns 32,930 shares of the company’s stock worth $2,882,000 after purchasing an additional 2,096 shares during the period. Addenda Capital Inc. lifted its holdings in BRP by 11.9% in the fourth quarter. Addenda Capital Inc. now owns 5,858 shares of the company’s stock valued at $650,000 after acquiring an additional 625 shares during the period. Envestnet Asset Management Inc. lifted its holdings in BRP by 18.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,884 shares of the company’s stock valued at $516,000 after acquiring an additional 911 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in BRP by 5.8% in the third quarter. UBS Asset Management Americas Inc. now owns 44,452 shares of the company’s stock valued at $4,114,000 after acquiring an additional 2,430 shares during the period. Finally, Shell Asset Management Co. lifted its holdings in BRP by 4.7% in the fourth quarter. Shell Asset Management Co. now owns 4,412 shares of the company’s stock valued at $387,000 after acquiring an additional 200 shares during the period. 54.38% of the stock is owned by hedge funds and other institutional investors.
BRP (NASDAQ:DOOO – Get Rating) last announced its quarterly earnings results on Friday, June 3rd. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $0.81 by $0.85. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.88 billion. BRP had a negative return on equity of 305.74% and a net margin of 8.79%. The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the firm posted $2.00 earnings per share. As a group, research analysts forecast that BRP will post 8.93 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 14th. Investors of record on Thursday, June 30th will be issued a dividend of $0.124 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Wednesday, June 29th. BRP’s dividend payout ratio (DPR) is 8.04%.
About BRP (Get Rating)
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 company operates through two segments, Powersports and Marine. It offers all-terrain, side-by-side, and three-wheeled vehicles; seasonal products, such as snowmobiles and personal watercraft; and engines for jet boats, outboards, karts, motorcycles, and recreational aircraft.
- Get a free copy of the StockNews.com research report on BRP (DOOO)
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