BRP (NASDAQ:DOOO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

According to Zacks, “BRP Inc. designs, develops, manufactures and distributes recreational vehicles. The Company offers watercrafts, sport boats, snowmobiles, pontoons, marine propulsion systems and all-terrain and utility vehicles, as well as engines for karts, motorcycles and recreational aircrafts. BRP Inc. is headquartered in Valcourt, Canada. “

A number of other research analysts have also recently commented on DOOO. GMP Securities assumed coverage on BRP in a research note on Monday. They issued a “buy” rating for the company. Canaccord Genuity reiterated a “buy” rating on shares of BRP in a research note on Sunday. National Bank Financial reiterated a “buy” rating on shares of BRP in a research note on Tuesday, November 27th. Desjardins reiterated a “buy” rating on shares of BRP in a research note on Tuesday, October 9th. Finally, UBS Group started coverage on BRP in a research note on Tuesday, October 9th. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy”.

Shares of DOOO opened at $32.44 on Tuesday. BRP has a 52 week low of $30.23 and a 52 week high of $55.41.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. acquired a new stake in BRP in the third quarter valued at $48,156,000. CLARET ASSET MANAGEMENT Corp purchased a new stake in shares of BRP during the 3rd quarter worth approximately $300,000. ARP Americas LP purchased a new stake in shares of BRP during the 3rd quarter worth approximately $320,000. CIBC Asset Management Inc purchased a new stake in shares of BRP during the 3rd quarter worth approximately $877,000. Finally, FIL Ltd purchased a new stake in shares of BRP during the 3rd quarter worth approximately $231,813,000. Institutional investors and hedge funds own 28.61% of the company’s stock.

BRP Company Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and propulsion systems worldwide. The company offers all-terrain, side-by-side, and spyder vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircrafts.

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Analyst Recommendations for BRP (NASDAQ:DOOO)

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