Brokerages Set BRP Inc. (NASDAQ:DOOO) PT at $84.40

Shares of BRP Inc. (NASDAQ:DOOO) have been given an average rating of “Moderate Buy” by the sixteen analysts that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $84.40.

Several equities analysts recently commented on DOOO shares. TD Securities reaffirmed a “buy” rating on shares of BRP in a research report on Thursday, December 4th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of BRP in a research note on Friday, December 5th. Royal Bank Of Canada raised their price target on shares of BRP from $107.00 to $131.00 and gave the stock an “outperform” rating in a report on Friday, December 5th. Desjardins reiterated a “buy” rating on shares of BRP in a research note on Friday, December 5th. Finally, Wall Street Zen raised shares of BRP from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 6th.

Institutional Trading of BRP

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DOOO. Mackenzie Financial Corp increased its holdings in shares of BRP by 7.4% in the third quarter. Mackenzie Financial Corp now owns 3,057,000 shares of the company’s stock valued at $185,836,000 after purchasing an additional 209,576 shares during the period. Capital World Investors lifted its holdings in shares of BRP by 4.5% during the third quarter. Capital World Investors now owns 2,323,013 shares of the company’s stock worth $141,247,000 after purchasing an additional 100,000 shares during the period. Vanguard Group Inc. lifted its holdings in shares of BRP by 8.1% during the third quarter. Vanguard Group Inc. now owns 1,372,256 shares of the company’s stock worth $83,437,000 after purchasing an additional 102,269 shares during the period. Invesco Ltd. boosted its position in BRP by 6.8% in the second quarter. Invesco Ltd. now owns 1,318,418 shares of the company’s stock valued at $63,904,000 after buying an additional 83,617 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in BRP by 519.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 729,921 shares of the company’s stock valued at $44,369,000 after buying an additional 612,113 shares during the last quarter.

BRP Price Performance

Shares of NASDAQ DOOO opened at $63.75 on Tuesday. BRP has a fifty-two week low of $31.78 and a fifty-two week high of $78.07. The company has a market cap of $4.66 billion, a PE ratio of 172.30 and a beta of 1.26. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.49 and a current ratio of 1.23. The business has a 50-day simple moving average of $75.45 and a two-hundred day simple moving average of $70.08.

BRP Company Profile

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.