BRP (NASDAQ:DOOO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of BRP (NASDAQ:DOOO) from a buy rating to a strong-buy rating in a research report released on Saturday.

A number of other research analysts have also commented on DOOO. CIBC restated an “outperform” rating on shares of BRP in a research report on Friday. Scotiabank reiterated a “sector perform” rating on shares of BRP in a research report on Tuesday, September 2nd. TD Securities restated a “buy” rating on shares of BRP in a research report on Thursday. Loop Capital started coverage on BRP in a research note on Thursday, November 13th. They issued a “buy” rating on the stock. Finally, Desjardins reaffirmed a “buy” rating on shares of BRP in a report on Friday. Four equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $84.40.

BRP Stock Up 1.8%

DOOO stock opened at $76.68 on Friday. The stock has a 50-day simple moving average of $66.19 and a two-hundred day simple moving average of $57.68. BRP has a twelve month low of $31.78 and a twelve month high of $78.07. The firm has a market capitalization of $5.60 billion, a PE ratio of 207.23 and a beta of 1.25. The company has a quick ratio of 0.49, a current ratio of 1.23 and a debt-to-equity ratio of 4.31.

BRP (NASDAQ:DOOO) last announced its quarterly earnings results on Thursday, December 4th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.27. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.50 billion. BRP had a net margin of 0.45% and a return on equity of 67.30%. The firm’s revenue was up 14.0% on a year-over-year basis. BRP has set its FY 2026 guidance at 3.600-3.600 EPS. On average, equities analysts predict that BRP will post 3.15 EPS for the current fiscal year.

BRP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st will be issued a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Wednesday, December 31st. BRP’s dividend payout ratio is presently 167.57%.

Hedge Funds Weigh In On BRP

A number of large investors have recently modified their holdings of the company. Osaic Holdings Inc. lifted its position in BRP by 905.8% in the 2nd quarter. Osaic Holdings Inc. now owns 694 shares of the company’s stock worth $34,000 after buying an additional 625 shares during the last quarter. Sagard Holdings Management Inc. purchased a new position in shares of BRP during the second quarter worth approximately $41,000. Raymond James Financial Inc. bought a new stake in shares of BRP in the 2nd quarter worth approximately $60,000. JPMorgan Chase & Co. boosted its stake in shares of BRP by 1,057.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,088 shares of the company’s stock valued at $66,000 after purchasing an additional 994 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of BRP in the 1st quarter valued at $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.