BRP Inc. (NASDAQ:DOOO) Given Average Rating of “Hold” by Analysts

BRP Inc. (NASDAQ:DOOO) has received an average rating of “Hold” from the eight analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $87.80.

Separately, Citigroup downgraded BRP from a “neutral” rating to a “sell” rating and cut their target price for the stock from $48.00 to $29.00 in a research note on Thursday, March 20th.

BRP Price Performance

Shares of NASDAQ DOOO opened at $38.10 on Tuesday. The company has a debt-to-equity ratio of 5.19, a quick ratio of 0.57 and a current ratio of 1.37. BRP has a fifty-two week low of $36.27 and a fifty-two week high of $75.59. The stock has a market cap of $2.78 billion, a PE ratio of 20.27 and a beta of 2.03. The stock has a fifty day moving average of $43.91 and a 200-day moving average of $50.10.

Institutional Trading of BRP

Institutional investors and hedge funds have recently modified their holdings of the business. Capital World Investors raised its stake in BRP by 101.2% in the fourth quarter. Capital World Investors now owns 1,971,033 shares of the company’s stock valued at $100,386,000 after purchasing an additional 991,392 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of BRP by 71.7% in the 4th quarter. Mackenzie Financial Corp now owns 1,639,265 shares of the company’s stock worth $83,399,000 after buying an additional 684,651 shares during the last quarter. Turtle Creek Asset Management Inc. raised its position in shares of BRP by 29.0% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 2,970,680 shares of the company’s stock valued at $151,118,000 after buying an additional 668,607 shares in the last quarter. FIL Ltd lifted its holdings in shares of BRP by 176.2% during the 4th quarter. FIL Ltd now owns 792,000 shares of the company’s stock worth $40,337,000 after acquiring an additional 505,228 shares during the last quarter. Finally, Norges Bank purchased a new position in BRP in the fourth quarter worth $15,259,000.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.