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

BRP Inc. (NASDAQ:DOOO) has earned an average recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $84.40.

DOOO has been the subject of a number of research reports. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of BRP in a report on Friday, December 5th. Royal Bank Of Canada raised their price target on shares of BRP from $107.00 to $131.00 and gave the company an “outperform” rating in a report on Friday, December 5th. Desjardins reaffirmed a “buy” rating on shares of BRP in a research report on Friday, December 5th. Weiss Ratings upgraded shares of BRP from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, December 8th. Finally, National Bank Financial raised shares of BRP from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 4th.

BRP Stock Performance

Shares of NASDAQ:DOOO opened at $65.64 on Tuesday. The business has a 50-day moving average of $76.08 and a two-hundred day moving average of $69.81. The firm has a market capitalization of $4.79 billion, a PE ratio of 177.39 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 has a 12 month low of $31.78 and a 12 month high of $78.07.

Institutional Trading of BRP

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its position in BRP by 1,057.4% in 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 during the period. PharVision Advisers LLC purchased a new stake in shares of BRP in the third quarter worth about $455,000. Virtus Advisers LLC acquired a new stake in shares of BRP in the third quarter valued at about $114,000. Quarry LP acquired a new stake in shares of BRP in the third quarter valued at about $74,000. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of BRP by 23.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 18,826 shares of the company’s stock valued at $1,145,000 after buying an additional 3,520 shares during the period.

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.