BRP Inc. (NASDAQ:DOOO) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of BRP Inc. (NASDAQ:DOOO) have earned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $94.75.

Separately, UBS Group reaffirmed a “neutral” rating on shares of BRP in a report on Thursday, April 9th.

BRP Trading Down 0.7%

DOOO opened at $59.92 on Thursday. The stock has a market capitalization of $4.38 billion, a PE ratio of 161.95 and a beta of 1.26. The firm’s fifty day moving average price is $59.70 and its 200 day moving average price is $68.56. 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 has a 12-month low of $32.54 and a 12-month high of $78.07.

Institutional Trading of BRP

Several institutional investors have recently added to or reduced their stakes in DOOO. Arrowstreet Capital Limited Partnership raised its holdings in BRP by 519.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 729,921 shares of the company’s stock valued at $44,369,000 after acquiring an additional 612,113 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in BRP by 144.4% in the first quarter. Goldman Sachs Group Inc. now owns 723,443 shares of the company’s stock valued at $24,460,000 after acquiring an additional 427,434 shares in the last quarter. Hawk Ridge Capital Management LP acquired a new stake in BRP in the third quarter valued at $24,537,000. Picton Mahoney Asset Management acquired a new stake in BRP in the third quarter valued at $19,643,000. Finally, Franklin Resources Inc. raised its holdings in BRP by 166.8% in the third quarter. Franklin Resources Inc. now owns 461,984 shares of the company’s stock valued at $28,084,000 after acquiring an additional 288,815 shares in the last quarter.

About BRP

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.