BRP Inc. (NASDAQ:DOO) Given Consensus Recommendation of “Hold” by Analysts

Shares of BRP Inc. (NASDAQ:DOO) have been given a consensus rating of “Hold” by the eleven research firms that are covering the company, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $85.6667.

A number of brokerages recently commented on DOO. Citigroup decreased their target price on shares of BRP from $86.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Raymond James Financial lowered BRP from a “strong-buy” rating to a “market perform” rating in a research report on Friday, April 24th. Weiss Ratings restated a “hold (c-)” rating on shares of BRP in a research report on Monday, March 23rd. Royal Bank Of Canada reduced their price target on BRP from $124.00 to $107.00 and set an “outperform” rating on the stock in a research report on Monday, April 20th. Finally, Wells Fargo & Company began coverage on BRP in a research report on Wednesday, March 11th. They set an “overweight” rating on the stock.

BRP Stock Down 2.1%

Shares of NASDAQ:DOO opened at $54.17 on Wednesday. The stock has a market cap of $3.99 billion, a PE ratio of 18.62 and a beta of 0.90. The stock has a fifty day simple moving average of $62.72. BRP has a 52 week low of $35.02 and a 52 week high of $81.89. The company has a debt-to-equity ratio of 3.92, a quick ratio of 0.56 and a current ratio of 1.27.

BRP Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 10th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, April 10th. This is an increase from BRP’s previous quarterly dividend of $0.07. BRP’s dividend payout ratio is currently 24.74%.

Institutional Investors Weigh In On BRP

Several institutional investors have recently added to or reduced their stakes in DOO. Mackenzie Financial Corp purchased a new stake in BRP during the 4th quarter valued at $207,651,000. Price T Rowe Associates Inc. MD purchased a new stake in BRP during the 4th quarter valued at $169,341,000. Capital World Investors bought a new position in BRP during the 4th quarter valued at approximately $158,763,000. FIL Ltd bought a new position in BRP during the 4th quarter valued at approximately $123,110,000. Finally, Vanguard Group Inc. bought a new position in BRP during the 4th quarter valued at approximately $98,153,000.

BRP Company Profile

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.