BRP (NASDAQ:DOO) Sees Unusually-High Trading Volume – Should You Buy?

Shares of BRP Inc. (NASDAQ:DOO) saw an uptick in trading volume on Monday . 168,951 shares traded hands during mid-day trading, an increase of 16% from the previous session’s volume of 145,428 shares.The stock last traded at $79.58 and had previously closed at $81.64.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. UBS Group raised their price target on BRP from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, January 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of BRP in a research note on Wednesday, December 24th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $75.00.

BRP Price Performance

The company has a market cap of $5.70 billion, a price-to-earnings ratio of 209.97 and a beta of 1.23. The stock has a fifty day simple moving average of $76.29. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.49 and a current ratio of 1.23.

BRP Dividend Announcement

The company also recently declared a dividend, which was paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st were given a dividend of $0.1571 per share. The ex-dividend date of this dividend was Wednesday, December 31st. BRP’s dividend payout ratio (DPR) is presently 170.27%.

Institutional Investors Weigh In On BRP

A number of institutional investors have recently added to or reduced their stakes in DOO. Mackenzie Financial Corp bought a new position in shares of BRP during the 4th quarter worth approximately $207,651,000. Price T Rowe Associates Inc. MD bought a new position in shares of BRP in the fourth quarter valued at approximately $169,341,000. Capital World Investors purchased a new stake in shares of BRP during the fourth quarter valued at approximately $158,763,000. FIL Ltd purchased a new stake in shares of BRP during the fourth quarter valued at approximately $123,110,000. Finally, Vanguard Group Inc. bought a new stake in BRP during the fourth quarter worth $98,153,000.

About BRP

BRP Inc, headquartered in Valcourt, Quebec, designs, manufactures and distributes powersports vehicles and propulsion systems for recreational and utility use. The company traces its roots to the Bombardier family and the early development of the snowmobile, and it operates as a global manufacturer of recreational vehicles and related technologies.

BRP’s product portfolio includes snowmobiles, personal watercraft and sport boats, off-road vehicles (including all-terrain and side-by-side models) and three‑wheel on‑road vehicles.