BRP (NASDAQ:DOO) Coverage Initiated by Analysts at Wells Fargo & Company

Analysts at Wells Fargo & Company started coverage on shares of BRP (NASDAQ:DOO) in a research note issued to investors on Wednesday. The firm set an “overweight” rating on the stock.

Other research analysts also recently issued research reports about the stock. UBS Group lifted their price target on shares of BRP from $70.00 to $75.00 and gave the stock 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 report on Wednesday, December 24th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $75.00.

BRP Stock Performance

Shares of BRP stock opened at $65.91 on Wednesday. BRP has a one year low of $31.78 and a one year high of $81.89. The firm has a market capitalization of $4.83 billion, a P/E ratio of 178.14 and a beta of 1.22. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.49 and a current ratio of 1.23. The stock’s 50-day moving average is $75.84.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Mackenzie Financial Corp acquired a new stake in shares of BRP during the 4th quarter worth about $207,651,000. Price T Rowe Associates Inc. MD acquired a new position in BRP in the fourth quarter valued at approximately $169,341,000. Capital World Investors purchased a new position in BRP in the fourth quarter valued at approximately $158,763,000. FIL Ltd purchased a new position in BRP in the fourth quarter valued at approximately $123,110,000. Finally, Vanguard Group Inc. acquired a new stake in BRP during the fourth quarter worth approximately $98,153,000.

BRP Company Profile

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.