BRP Inc. (NASDAQ:DOO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of BRP Inc. (NASDAQ:DOO) have been assigned a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $80.50.

Several research analysts have commented on DOO shares. Citigroup dropped their price target on BRP from $87.00 to $86.00 and set a “buy” rating on the stock in a research report on Monday. Wells Fargo & Company started coverage on shares of BRP in a research note on Wednesday, March 11th. They issued an “overweight” rating on the stock. Zacks Research raised shares of BRP from a “hold” rating to a “strong-buy” rating in a research report on Friday. UBS Group upped their target price on shares of BRP from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, January 9th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of BRP in a report on Monday, March 23rd.

BRP Stock Performance

NASDAQ DOO opened at $68.44 on Tuesday. The business’s 50-day simple moving average is $73.23. BRP has a twelve month low of $31.78 and a twelve month high of $81.89. The firm has a market cap of $5.02 billion, a PE ratio of 23.52 and a beta of 1.22. The company has a quick ratio of 0.56, a current ratio of 1.27 and a debt-to-equity ratio of 3.92.

BRP Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be given a dividend of $0.25 per share. This is an increase from BRP’s previous quarterly dividend of $0.07. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, April 10th. BRP’s dividend payout ratio (DPR) is currently 21.65%.

Institutional Investors Weigh In On BRP

Institutional investors have recently added to or reduced their stakes in the company. Quarry LP acquired a new position in BRP in the 4th quarter valued at approximately $30,000. Signaturefd LLC acquired a new stake in shares of BRP during the 4th quarter worth approximately $43,000. Quadrant Capital Group LLC bought a new stake in shares of BRP during the fourth quarter valued at approximately $89,000. PNC Financial Services Group Inc. bought a new stake in shares of BRP during the fourth quarter valued at approximately $142,000. Finally, Intact Investment Management Inc. acquired a new position in shares of BRP in the fourth quarter valued at $156,000.

About BRP

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.