BRP (NASDAQ:DOOO) Upgraded by TD Securities to Strong-Buy Rating

BRP (NASDAQ:DOOO) was upgraded by TD Securities from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Friday, MarketBeat reports.

Several other equities analysts also recently weighed in on DOOO. Robert W. Baird restated a “neutral” rating and issued a $43.00 target price (down previously from $48.00) on shares of BRP in a research report on Friday, April 4th. Baird R W downgraded BRP from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. UBS Group decreased their target price on BRP from $45.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 23rd. Raymond James reaffirmed a “strong-buy” rating on shares of BRP in a report on Thursday, March 27th. Finally, Desjardins raised BRP from a “hold” rating to a “buy” rating in a report on Friday. Eight equities research analysts have rated the stock with a hold rating, two have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $53.75.

BRP Stock Performance

NASDAQ DOOO opened at $44.26 on Friday. The company has a market cap of $3.23 billion, a PE ratio of 23.54 and a beta of 1.17. The stock’s 50 day simple moving average is $35.51 and its 200-day simple moving average is $42.85. BRP has a 1-year low of $31.78 and a 1-year high of $74.00. 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 (NASDAQ:DOOO) last released its earnings results on Thursday, May 29th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.04. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.78 billion. BRP had a return on equity of 61.20% and a net margin of 2.29%. As a group, equities research analysts anticipate that BRP will post 3.15 EPS for the current fiscal year.

Institutional Investors Weigh In On BRP

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC acquired a new stake in shares of BRP in the first quarter valued at approximately $70,000. Jane Street Group LLC increased its stake in BRP by 110.9% during the first quarter. Jane Street Group LLC now owns 138,051 shares of the company’s stock worth $4,663,000 after acquiring an additional 72,581 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in BRP by 144.4% during the first quarter. Goldman Sachs Group Inc. now owns 723,443 shares of the company’s stock worth $24,460,000 after acquiring an additional 427,434 shares during the last quarter. Jones Financial Companies Lllp increased its stake in BRP by 28,660.0% during the first quarter. Jones Financial Companies Lllp now owns 21,570 shares of the company’s stock worth $729,000 after acquiring an additional 21,495 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in BRP during the first quarter worth $207,000.

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.