Analysts Set BRP Inc (NASDAQ:DOOO) PT at $32.06

Shares of BRP Inc (NASDAQ:DOOO) have been given an average recommendation of “Buy” by the twelve analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $32.06.

Several research analysts have recently weighed in on the stock. ValuEngine raised shares of China Southern Airlines from a “sell” rating to a “hold” rating in a report on Tuesday, June 11th. Goldman Sachs Group set a $131.00 price objective on shares of Microsoft and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, Wells Fargo & Co set a $27.00 target price on shares of Univar and gave the company a “buy” rating in a research report on Monday, April 8th.

Shares of DOOO traded down $1.67 during mid-day trading on Tuesday, hitting $34.29. 14,867 shares of the company traded hands, compared to its average volume of 16,442. The business has a 50-day moving average price of $34.93. BRP has a 1 year low of $23.90 and a 1 year high of $55.41. The company has a market cap of $3.31 billion and a PE ratio of 14.41.

BRP (NASDAQ:DOOO) last released its quarterly earnings data on Thursday, May 30th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. BRP had a net margin of 4.38% and a negative return on equity of 80.77%. The firm had revenue of $999.74 million during the quarter, compared to analysts’ expectations of $939.22 million. Analysts forecast that BRP will post 2.76 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were given a dividend of $0.074 per share. The ex-dividend date was Thursday, June 27th. This represents a $0.30 annualized dividend and a yield of 0.86%. BRP’s dividend payout ratio (DPR) is 13.03%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in BRP by 21.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,393 shares of the company’s stock valued at $94,000 after buying an additional 609 shares during the period. CLARET ASSET MANAGEMENT Corp bought a new position in shares of BRP in the first quarter worth approximately $202,000. Annex Advisory Services LLC bought a new position in shares of BRP in the second quarter worth approximately $208,000. Intact Investment Management Inc. bought a new position in shares of BRP in the first quarter worth approximately $241,000. Finally, Addenda Capital Inc. bought a new position in shares of BRP in the second quarter worth approximately $278,000. Institutional investors own 28.71% of the company’s stock.

BRP Company Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersport vehicles and marine products worldwide. It operates through two segments, Powersports and Marine. The company offers all-terrain, side-by-side, and three-wheeled vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircraft.

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Analyst Recommendations for BRP (NASDAQ:DOOO)

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