BRP Inc. (NASDAQ:DOOO) Given Average Recommendation of “Moderate Buy” by Brokerages

BRP Inc. (NASDAQ:DOOO) has been given a consensus recommendation of “Moderate Buy” by the fourteen research firms that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $94.75.

A number of research analysts have commented on the company. Citigroup reaffirmed a “buy” rating on shares of BRP in a report on Wednesday, January 14th. UBS Group reaffirmed a “neutral” rating on shares of BRP in a report on Thursday, April 9th.

BRP Stock Performance

Shares of NASDAQ DOOO opened at $53.52 on Wednesday. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.23 and a quick ratio of 0.49. The stock’s fifty day moving average price is $66.74 and its two-hundred day moving average price is $70.13. BRP has a one year low of $32.54 and a one year high of $78.07. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of 144.65 and a beta of 1.26.

Institutional Trading of BRP

Several large investors have recently modified their holdings of DOOO. Osaic Holdings Inc. grew its holdings in shares of BRP by 905.8% during the 2nd quarter. Osaic Holdings Inc. now owns 694 shares of the company’s stock worth $34,000 after purchasing an additional 625 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of BRP during the 2nd quarter worth $60,000. JPMorgan Chase & Co. grew its holdings in shares of BRP by 1,057.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,088 shares of the company’s stock worth $66,000 after purchasing an additional 994 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of BRP during the 1st quarter worth $70,000. Finally, Quarry LP acquired a new stake in shares of BRP during the 3rd quarter worth $74,000.

About BRP

BRP Inc, operating under the brand name Bombardier Recreational Products, is a leader in designing, manufacturing and distributing recreational vehicles and propulsion systems for winter, on-road, off-road and water lifestyles. The company’s diversified portfolio includes snowmobiles, personal watercraft, all-terrain vehicles and roadsters, all powered by in-house Rotax engines. With a focus on innovation and performance, BRP has positioned itself at the forefront of the powersports industry.

At the heart of BRP’s product lineup are its flagship Ski-Doo snowmobiles and Sea-Doo personal watercraft, which serve both recreational and professional segments.