BRP Inc (NASDAQ:DOOO) has earned a consensus rating of “Buy” from the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and seven have assigned a buy recommendation to the company.

Several research analysts have weighed in on DOOO shares. Royal Bank of Canada raised BRP from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, October 9th. Robert W. Baird started coverage on BRP in a research report on Tuesday, October 9th. They set an “outperform” rating on the stock. National Bank Financial raised BRP from a “sector perform overweight” rating to an “outperform overweight” rating in a research report on Tuesday, October 9th. UBS Group started coverage on BRP in a research report on Tuesday, October 9th. They set a “buy” rating on the stock. Finally, Desjardins reaffirmed a “buy” rating on shares of BRP in a research report on Tuesday, October 9th.

Several large investors have recently bought and sold shares of DOOO. Bank of Montreal Can bought a new position in shares of BRP during the 3rd quarter worth approximately $39,716,000. ARP Americas LP bought a new position in shares of BRP during the 3rd quarter worth approximately $320,000. CLARET ASSET MANAGEMENT Corp bought a new position in shares of BRP during the 3rd quarter worth approximately $300,000. Acadian Asset Management LLC bought a new position in shares of BRP during the 3rd quarter worth approximately $60,839,000. Finally, Signition LP bought a new position in shares of BRP during the 3rd quarter worth approximately $567,000. 28.61% of the stock is currently owned by hedge funds and other institutional investors.

BRP stock traded down $2.02 during midday trading on Monday, reaching $30.42. The stock had a trading volume of 3,732 shares, compared to its average volume of 37,726. BRP has a 1-year low of $30.23 and a 1-year high of $55.41.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 11th. Shareholders of record on Friday, December 28th will be given a dividend of $0.0679 per share. This represents a $0.27 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Thursday, December 27th.

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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