BRP (NASDAQ:DOOO) Hits New 1-Year High – Here’s Why

BRP Inc. (NASDAQ:DOOO) reached a new 52-week high on Tuesday . The stock traded as high as $69.93 and last traded at $69.58, with a volume of 263747 shares trading hands. The stock had previously closed at $64.51.

Wall Street Analyst Weigh In

Several brokerages recently commented on DOOO. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BRP in a report on Wednesday, October 8th. Royal Bank Of Canada raised their price objective on shares of BRP from $100.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Wall Street Zen cut shares of BRP from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. Cibc World Mkts upgraded shares of BRP from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 1st. Finally, TD Securities reissued a “buy” rating on shares of BRP in a report on Tuesday, September 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, BRP presently has an average rating of “Moderate Buy” and a consensus target price of $79.60.

BRP Trading Down 0.6%

The company has a 50-day moving average price of $64.43 and a two-hundred day moving average price of $55.57. The stock has a market cap of $5.06 billion, a P/E ratio of -288.63 and a beta of 1.21. The company has a current ratio of 1.34, a quick ratio of 0.55 and a debt-to-equity ratio of 5.54.

BRP (NASDAQ:DOOO) last posted its quarterly earnings data on Friday, August 29th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.34. BRP had a negative net margin of 0.34% and a positive return on equity of 61.26%. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.77 billion. BRP has set its FY 2026 guidance at 3.090-3.460 EPS. On average, research analysts expect that BRP Inc. will post 3.15 EPS for the current fiscal year.

Institutional Trading of BRP

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Osaic Holdings Inc. boosted its stake in shares of BRP by 905.8% during the second quarter. Osaic Holdings Inc. now owns 694 shares of the company’s stock valued at $34,000 after purchasing an additional 625 shares during the period. Sagard Holdings Management Inc. bought a new position in shares of BRP during the second quarter valued at approximately $41,000. Raymond James Financial Inc. bought a new position in BRP in the second quarter worth approximately $60,000. JPMorgan Chase & Co. boosted its position in BRP by 1,057.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,088 shares of the company’s stock valued at $66,000 after acquiring an additional 994 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of BRP in the 1st quarter worth $70,000.

BRP Company Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.