BRP Inc. (NASDAQ:DOOO) Receives Average Recommendation of “Hold” from Brokerages

BRP Inc. (NASDAQ:DOOO) has received a consensus rating of “Hold” from the eight research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $87.40.

Separately, Citigroup reiterated a “sell” rating and issued a $27.00 price objective (down previously from $29.00) on shares of BRP in a report on Friday.

BRP Price Performance

Shares of NASDAQ DOOO opened at $34.00 on Tuesday. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.37 and a quick ratio of 0.57. BRP has a 1 year low of $33.05 and a 1 year high of $75.59. The company’s 50-day moving average is $42.54 and its 200 day moving average is $49.50. The stock has a market capitalization of $2.48 billion, a P/E ratio of 18.09 and a beta of 2.03.

BRP (NASDAQ:DOOO) last announced its earnings results on Wednesday, March 26th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.07. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.97 billion. BRP had a return on equity of 61.20% and a net margin of 2.29%. On average, sell-side analysts expect that BRP will post 3.15 earnings per share for the current year.

BRP Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be given a dividend of $0.1508 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Friday, April 4th. This is a positive change from BRP’s previous quarterly dividend of $0.15. BRP’s dividend payout ratio (DPR) is -29.21%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Turtle Creek Asset Management Inc. increased its holdings in shares of BRP by 29.0% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 2,970,680 shares of the company’s stock valued at $151,118,000 after acquiring an additional 668,607 shares in the last quarter. Capital World Investors grew its position in BRP by 101.2% during the 4th quarter. Capital World Investors now owns 1,971,033 shares of the company’s stock valued at $100,386,000 after purchasing an additional 991,392 shares during the last quarter. Mackenzie Financial Corp increased its stake in BRP by 71.7% during the 4th quarter. Mackenzie Financial Corp now owns 1,639,265 shares of the company’s stock valued at $83,399,000 after purchasing an additional 684,651 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in BRP by 23.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,514,230 shares of the company’s stock worth $77,223,000 after buying an additional 288,004 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of BRP by 13.9% in the third quarter. The Manufacturers Life Insurance Company now owns 1,226,226 shares of the company’s stock worth $73,027,000 after buying an additional 150,039 shares in the last quarter.

BRP Company Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.