BRP (NASDAQ:DOOO) Downgraded by Wall Street Zen to Hold

BRP (NASDAQ:DOOO) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Other analysts also recently issued research reports about the stock. Robert W. Baird reissued a “neutral” rating and set a $43.00 target price (down previously from $48.00) on shares of BRP in a research report on Friday, April 4th. Citigroup reissued a “neutral” rating and set a $51.00 target price (up previously from $43.00) on shares of BRP in a research report on Monday, June 16th. UBS Group dropped their target price on shares of BRP from $45.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, April 23rd. TD Securities raised shares of BRP from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 30th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of BRP in a research report on Thursday, March 27th. Nine research analysts have rated the stock with a hold rating, one has issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.00.

BRP Stock Down 0.2%

DOOO opened at $48.40 on Friday. The firm has a 50 day moving average price of $40.46 and a 200 day moving average price of $42.66. The company has a market cap of $3.53 billion, a PE ratio of -118.05 and a beta of 1.23. 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 5.85, a quick ratio of 0.58 and a current ratio of 1.34.

BRP (NASDAQ:DOOO) last posted its earnings results on Thursday, May 29th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.78 billion. BRP had a negative net margin of 0.55% and a positive return on equity of 54.71%. Sell-side analysts expect that BRP will post 3.15 earnings per share for the current year.

Institutional Trading of BRP

Several large investors have recently bought and sold shares of DOOO. Charles Schwab Investment Management Inc. grew its position in BRP by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 99,154 shares of the company’s stock valued at $5,047,000 after acquiring an additional 3,351 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of BRP during the 4th quarter valued at approximately $916,000. Vestcor Inc boosted its stake in shares of BRP by 285.9% during the 4th quarter. Vestcor Inc now owns 13,090 shares of the company’s stock valued at $666,000 after buying an additional 9,698 shares during the last quarter. Intact Investment Management Inc. purchased a new position in shares of BRP during the 4th quarter valued at approximately $148,000. Finally, Signaturefd LLC boosted its stake in shares of BRP by 296.1% during the 4th quarter. Signaturefd LLC now owns 1,208 shares of the company’s stock valued at $61,000 after buying an additional 903 shares during 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.