BRP Inc. (NASDAQ:DOO) Receives Consensus Recommendation of “Hold” from Brokerages

BRP Inc. (NASDAQ:DOO) has been given a consensus rating of “Hold” by the fourteen analysts that are currently covering the firm, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $83.00.

A number of equities analysts have weighed in on the company. TD Cowen lowered BRP from a “buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of BRP in a research note on Friday, May 29th. Canaccord Genuity Group lowered BRP from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. Zacks Research upgraded BRP from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 30th. Finally, Seaport Research Partners downgraded BRP from a “buy” rating to a “neutral” rating in a report on Wednesday, April 15th.

Hedge Funds Weigh In On BRP

Several large investors have recently made changes to their positions in DOO. Mackenzie Financial Corp acquired a new stake in BRP during the fourth quarter valued at $207,651,000. Price T Rowe Associates Inc. MD purchased a new position in BRP in the fourth quarter valued at $169,341,000. Capital World Investors acquired a new position in shares of BRP in the fourth quarter worth about $158,763,000. FIL Ltd acquired a new position in shares of BRP in the fourth quarter worth about $123,110,000. Finally, Vanguard Group Inc. purchased a new stake in shares of BRP during the 4th quarter worth about $98,153,000.

BRP Stock Performance

NASDAQ DOO opened at $61.83 on Monday. BRP has a 1 year low of $48.67 and a 1 year high of $81.89. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.30 and a quick ratio of 0.61. The company has a market capitalization of $4.54 billion, a PE ratio of 23.33 and a beta of 0.88. The company has a fifty day moving average of $59.96 and a 200 day moving average of $65.57.

BRP Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.6%. BRP’s dividend payout ratio (DPR) is presently 26.42%.

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.