BRP Inc. (NASDAQ:DOOO) Receives Consensus Rating of “Moderate Buy” from Analysts

BRP Inc. (NASDAQ:DOOO) has received a consensus rating of “Moderate Buy” from the seventeen analysts that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $84.40.

A number of brokerages have recently commented on DOOO. Natl Bk Canada raised shares of BRP from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 4th. Wall Street Zen upgraded BRP from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 6th. Zacks Research downgraded shares of BRP from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. National Bank Financial raised shares of BRP from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 4th. Finally, Desjardins reiterated a “buy” rating on shares of BRP in a research note on Friday, December 5th.

Institutional Investors Weigh In On BRP

A number of institutional investors have recently modified their holdings of the business. Mackenzie Financial Corp increased its position in BRP by 7.4% during the third quarter. Mackenzie Financial Corp now owns 3,057,000 shares of the company’s stock worth $185,836,000 after acquiring an additional 209,576 shares during the period. Capital World Investors grew its position in shares of BRP by 4.5% during the 3rd quarter. Capital World Investors now owns 2,323,013 shares of the company’s stock worth $141,247,000 after purchasing an additional 100,000 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of BRP by 8.1% during the third quarter. Vanguard Group Inc. now owns 1,372,256 shares of the company’s stock worth $83,437,000 after purchasing an additional 102,269 shares during the period. Invesco Ltd. raised its position in shares of BRP by 6.8% in the second quarter. Invesco Ltd. now owns 1,318,418 shares of the company’s stock valued at $63,904,000 after buying an additional 83,617 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of 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 buying an additional 612,113 shares in the last quarter.

BRP Stock Performance

Shares of DOOO stock opened at $79.13 on Friday. The stock has a market cap of $5.78 billion, a PE ratio of 213.86 and a beta of 1.26. The stock has a 50-day moving average of $75.63 and a 200-day moving average of $66.93. 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 one year low of $31.78 and a one year high of $78.07.

BRP (NASDAQ:DOOO) last posted its earnings results on Thursday, December 4th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.27. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.50 billion. BRP had a return on equity of 67.30% and a net margin of 0.45%.BRP’s revenue 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, sell-side analysts expect that BRP will post 3.15 earnings per share for the current year.

BRP Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st were paid a $0.215 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $0.86 annualized dividend and a yield of 1.1%. BRP’s payout ratio is 164.86%.

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.