ValuEngine cut shares of BRP (NASDAQ:DOOO) from a hold rating to a sell rating in a research report report published on Wednesday morning, ValuEngine reports.

Other equities analysts have also recently issued reports about the stock. Desjardins set a $66.00 price objective on shares of BRP and gave the stock a buy rating in a research report on Friday, August 30th. Northcoast Research reaffirmed a buy rating on shares of BRP in a research report on Friday, October 11th. Zacks Investment Research cut shares of BRP from a strong-buy rating to a hold rating and set a $51.00 price objective for the company. in a research report on Thursday, October 31st. Finally, TD Securities raised shares of BRP from a hold rating to a buy rating in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $49.69.

Shares of DOOO stock opened at $46.84 on Wednesday. The company’s 50 day moving average price is $42.18 and its two-hundred day moving average price is $35.65. BRP has a 52 week low of $23.90 and a 52 week high of $47.31. The company has a market capitalization of $4.22 billion, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 1.11 and a beta of 2.03.

BRP (NASDAQ:DOOO) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.06. BRP had a net margin of 5.11% and a negative return on equity of 73.27%. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.01 billion. On average, sell-side analysts forecast that BRP will post 2.82 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. CIBC Asset Management Inc lifted its holdings in shares of BRP by 2.4% during the second quarter. CIBC Asset Management Inc now owns 24,909 shares of the company’s stock worth $890,000 after buying an additional 579 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in shares of BRP by 0.3% during the second quarter. D. E. Shaw & Co. Inc. now owns 187,385 shares of the company’s stock worth $6,698,000 after buying an additional 608 shares in the last quarter. Signition LP lifted its holdings in shares of BRP by 11.1% during the third quarter. Signition LP now owns 7,000 shares of the company’s stock worth $273,000 after buying an additional 700 shares in the last quarter. Usca Ria LLC acquired a new stake in shares of BRP during the third quarter worth $39,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of BRP by 81.1% during the second quarter. Wells Fargo & Company MN now owns 2,408 shares of the company’s stock worth $86,000 after buying an additional 1,078 shares in the last quarter. 27.82% of the stock is owned by institutional investors.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersport vehicles and marine products worldwide. It operates through two segments, Powersports and Marine. The company offers all-terrain, side-by-side, and three-wheeled vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircraft.

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Analyst Recommendations for BRP (NASDAQ:DOOO)

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