Analysts Set BRP Inc. (NASDAQ:DOOO) Price Target at $84.40

BRP Inc. (NASDAQ:DOOO) has received an average recommendation of “Moderate Buy” from the nineteen analysts that are covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and four have given a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $84.40.

A number of research firms recently commented on DOOO. Natl Bk Canada raised shares of BRP from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 4th. BMO Capital Markets reissued an “outperform” rating on shares of BRP in a research report on Tuesday, September 2nd. Citigroup reaffirmed a “buy” rating on shares of BRP in a research report on Friday, December 5th. National Bankshares upgraded BRP from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 4th. Finally, Weiss Ratings upgraded BRP from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, December 8th.

BRP Price Performance

BRP stock opened at $72.64 on Thursday. The stock’s 50 day moving average is $68.53 and its 200 day moving average is $60.68. BRP has a one year low of $31.78 and a one year high of $78.07. The firm has a market cap of $5.31 billion, a P/E ratio of 196.32 and a beta of 1.26. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.23 and a quick ratio of 0.49.

BRP (NASDAQ:DOOO) last issued its quarterly earnings results on Thursday, December 4th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.27. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.50 billion. BRP had a return on equity of 67.30% and a net margin of 0.45%.BRP’s revenue for the quarter was up 14.0% on a year-over-year basis. BRP has set its FY 2026 guidance at 3.600-3.600 EPS. As a group, research analysts expect that BRP will post 3.15 EPS for the current year.

BRP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, December 31st. BRP’s payout ratio is 164.86%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. increased its stake in shares of BRP by 905.8% in the 2nd quarter. Osaic Holdings Inc. now owns 694 shares of the company’s stock worth $34,000 after acquiring an additional 625 shares in the last quarter. Sagard Holdings Management Inc. purchased a new stake in BRP in the second quarter worth about $41,000. Geode Capital Management LLC grew its holdings in BRP by 1.9% in the second quarter. Geode Capital Management LLC now owns 50,692 shares of the company’s stock worth $2,463,000 after purchasing an additional 955 shares during the period. JPMorgan Chase & Co. increased its stake in shares of BRP by 1,057.4% during the third quarter. JPMorgan Chase & Co. now owns 1,088 shares of the company’s stock valued at $66,000 after purchasing an additional 994 shares in the last quarter. Finally, Addenda Capital Inc. lifted its holdings in shares of BRP by 5.8% during the third quarter. Addenda Capital Inc. now owns 19,326 shares of the company’s stock valued at $1,175,000 after purchasing an additional 1,052 shares during the last quarter.

BRP Company Profile

BRP Inc, operating under the brand name Bombardier Recreational Products, is a leader in designing, manufacturing and distributing recreational vehicles and propulsion systems for winter, on-road, off-road and water lifestyles. The company’s diversified portfolio includes snowmobiles, personal watercraft, all-terrain vehicles and roadsters, all powered by in-house Rotax engines. With a focus on innovation and performance, BRP has positioned itself at the forefront of the powersports industry.

At the heart of BRP’s product lineup are its flagship Ski-Doo snowmobiles and Sea-Doo personal watercraft, which serve both recreational and professional segments.