Wall Street Zen Upgrades BRP (NASDAQ:DOOO) to “Strong-Buy”

BRP (NASDAQ:DOOO) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

Several other equities analysts have also weighed in on DOOO. Zacks Research raised shares of BRP from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 2nd. TD Securities reissued a “buy” rating on shares of BRP in a research report on Tuesday, September 2nd. Canaccord Genuity Group raised shares of BRP from a “hold” rating to a “buy” rating in a research report on Tuesday, September 2nd. BMO Capital Markets reissued an “outperform” rating on shares of BRP in a research report on Tuesday, September 2nd. Finally, Citigroup raised shares of BRP from a “neutral” rating to a “buy” rating and increased their price objective for the company from $68.00 to $73.00 in a research report on Wednesday, October 1st. Four equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, BRP currently has an average rating of “Moderate Buy” and an average target price of $79.60.

BRP Stock Performance

NASDAQ DOOO opened at $67.26 on Friday. The company has a current ratio of 1.34, a quick ratio of 0.55 and a debt-to-equity ratio of 5.54. The firm’s fifty day moving average price is $63.38 and its two-hundred day moving average price is $50.76. BRP has a 1 year low of $31.78 and a 1 year high of $68.45. The firm has a market capitalization of $4.91 billion, a P/E ratio of -280.25 and a beta of 1.19.

BRP (NASDAQ:DOOO) last posted its quarterly earnings results on Friday, August 29th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.34. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.77 billion. BRP had a negative net margin of 0.34% and a positive return on equity of 61.26%. BRP has set its FY 2026 guidance at 3.090-3.460 EPS. As a group, research analysts anticipate that BRP will post 3.15 EPS for the current year.

Hedge Funds Weigh In On BRP

Several institutional investors and hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. grew its stake in shares of BRP by 905.8% in the second quarter. Osaic Holdings Inc. now owns 694 shares of the company’s stock valued at $34,000 after acquiring an additional 625 shares in the last quarter. Sagard Holdings Management Inc. acquired a new stake in BRP during the second quarter worth about $41,000. Geode Capital Management LLC grew its stake in BRP by 1.9% during the second quarter. Geode Capital Management LLC now owns 50,692 shares of the company’s stock worth $2,463,000 after buying an additional 955 shares in the last quarter. Addenda Capital Inc. grew its stake in BRP by 5.8% during the third quarter. Addenda Capital Inc. now owns 19,326 shares of the company’s stock worth $1,175,000 after buying an additional 1,052 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in BRP during the second quarter worth about $60,000.

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.