BRP Inc. (NASDAQ:DOO) Given Average Rating of “Hold” by Analysts

Shares of BRP Inc. (NASDAQ:DOO) have earned an average recommendation of “Hold” from the eleven brokerages that are currently covering the firm, MarketBeat reports. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $85.6667.

A number of research analysts have issued reports on DOO shares. Royal Bank Of Canada reduced their price objective on shares of BRP from $124.00 to $107.00 and set an “outperform” rating on the stock in a research report on Monday, April 20th. UBS Group reissued a “neutral” rating on shares of BRP in a research report on Friday, April 24th. TD Cowen downgraded shares of BRP from a “buy” rating to a “hold” rating in a research report on Wednesday, April 15th. National Bank Financial cut BRP from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, April 15th. Finally, Wall Street Zen cut BRP from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 18th.

BRP Price Performance

DOO opened at $54.17 on Wednesday. The company has a debt-to-equity ratio of 3.92, a current ratio of 1.27 and a quick ratio of 0.56. The firm’s 50 day simple moving average is $62.72. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 18.62 and a beta of 0.90. BRP has a one year low of $35.02 and a one year high of $81.89.

BRP Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 10th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, April 10th. This is a positive change from BRP’s previous quarterly dividend of $0.07. BRP’s payout ratio is presently 24.74%.

Hedge Funds Weigh In On BRP

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP purchased a new position in BRP during the fourth quarter valued at $30,000. Signaturefd LLC purchased a new position in BRP during the fourth quarter valued at $43,000. Quadrant Capital Group LLC purchased a new position in BRP during the fourth quarter valued at $89,000. PNC Financial Services Group Inc. purchased a new position in BRP during the fourth quarter valued at $142,000. Finally, Intact Investment Management Inc. purchased a new position in BRP during the fourth quarter valued at $156,000.

BRP Company Profile

BRP Inc, headquartered in Valcourt, Quebec, designs, manufactures and distributes powersports vehicles and propulsion systems for recreational and utility use. The company traces its roots to the Bombardier family and the early development of the snowmobile, and it operates as a global manufacturer of recreational vehicles and related technologies.

BRP’s product portfolio includes snowmobiles, personal watercraft and sport boats, off-road vehicles (including all-terrain and side-by-side models) and three‑wheel on‑road vehicles.