Analysts Set BRP Inc. (NASDAQ:DOO) Target Price at $83.00

BRP Inc. (NASDAQ:DOO) has been assigned an average recommendation of “Hold” from the fourteen analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $83.00.

DOO has been the topic of several analyst reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of BRP in a research note on Friday, May 29th. TD Cowen cut shares of BRP from a “buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Wells Fargo & Company initiated coverage on shares of BRP in a research note on Wednesday, March 11th. They set an “overweight” rating on the stock. National Bank Financial cut shares of BRP from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, April 15th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of BRP in a research note on Monday, March 23rd.

BRP Price Performance

Shares of BRP stock opened at $59.57 on Friday. The stock’s fifty day simple moving average is $58.89. The stock has a market cap of $4.39 billion, a PE ratio of 22.48 and a beta of 0.89. BRP has a 1-year low of $46.23 and a 1-year high of $81.89. The company has a quick ratio of 0.61, a current ratio of 1.30 and a debt-to-equity ratio of 3.41.

BRP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, June 30th. BRP’s dividend payout ratio (DPR) is currently 27.17%.

Institutional Trading of BRP

Several institutional investors and hedge funds have recently modified their holdings of DOO. Quarry LP bought a new stake in shares of BRP during the 4th quarter valued at $30,000. Signaturefd LLC bought a new stake in shares of BRP during the 4th quarter valued at $43,000. Quadrant Capital Group LLC bought a new stake in shares of BRP during the 4th quarter valued at $89,000. PNC Financial Services Group Inc. bought a new stake in shares of BRP during the 4th quarter valued at $142,000. Finally, Intact Investment Management Inc. bought a new stake in shares of BRP during the 4th quarter valued at $156,000.

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.