BRP (NASDAQ:DOO) Issues Quarterly Earnings Results

BRP (NASDAQ:DOO) posted its quarterly earnings results on Thursday. The company reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.33, Zacks reports. BRP had a net margin of 3.01% and a return on equity of 81.22%.

BRP Trading Up 2.5%

Shares of DOO opened at $63.30 on Thursday. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.30 and a quick ratio of 0.61. BRP has a 1 year low of $48.83 and a 1 year high of $81.89. The company has a 50 day simple moving average of $62.04 and a two-hundred day simple moving average of $63.29. The firm has a market cap of $4.64 billion, a P/E ratio of 23.89 and a beta of 0.88.

Analyst Ratings Changes

Several analysts have recently commented on the stock. UBS Group decreased their price objective on shares of BRP from $78.00 to $68.00 and set a “neutral” rating on the stock in a research report on Friday, June 5th. Wall Street Zen raised shares of BRP from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. Stifel Nicolaus lowered BRP from a “buy” rating to a “hold” rating in a research note on Friday, May 29th. TD Securities raised BRP from a “hold” rating to a “buy” rating in a report on Tuesday, August 18th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of BRP in a report on Thursday, July 2nd. Five equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, BRP presently has an average rating of “Hold” and an average price target of $83.00.

Hedge Funds Weigh In On BRP

Hedge funds have recently modified their holdings of the stock. Mackenzie Financial Corp bought a new position in shares of BRP during the fourth quarter worth $207,651,000. Price T Rowe Associates Inc. MD bought a new stake in BRP in the 4th quarter valued at $169,341,000. FIL Ltd bought a new stake in BRP in the 4th quarter valued at $123,110,000. The Manufacturers Life Insurance Company purchased a new stake in BRP in the 4th quarter worth $84,978,000. Finally, Caisse de depot et placement du Quebec purchased a new stake in BRP in the 4th quarter worth $69,172,000.

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.