BRP (NASDAQ:DOOO) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Thursday, BidAskClub reports.

A number of other analysts have also recently commented on the company. ValuEngine cut BRP from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd. CIBC boosted their price objective on shares of BRP from $28.00 to $51.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. UBS Group boosted their price objective on shares of BRP from $20.00 to $49.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Royal Bank of Canada boosted their price objective on shares of BRP from $52.00 to $60.00 and gave the stock a “sector perform” rating in a report on Wednesday, June 24th. Finally, Stifel Nicolaus started coverage on shares of BRP in a research note on Wednesday, June 17th. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $48.56.

BRP stock traded down $0.98 during trading hours on Thursday, hitting $44.78. 132,832 shares of the stock traded hands, compared to its average volume of 89,296. The firm’s 50-day moving average price is $41.42 and its two-hundred day moving average price is $36.22. The company has a market cap of $3.91 billion, a PE ratio of 48.15 and a beta of 3.59. BRP has a one year low of $12.97 and a one year high of $56.89.

BRP (NASDAQ:DOOO) last posted its quarterly earnings data on Thursday, May 28th. The company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.09. The business had revenue of $916.97 million for the quarter, compared to analysts’ expectations of $798.60 million. BRP had a negative return on equity of 51.98% and a net margin of 2.09%. On average, equities research analysts predict that BRP will post 1.3 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Two Sigma Advisers LP boosted its holdings in shares of BRP by 54.6% during the 1st quarter. Two Sigma Advisers LP now owns 319,991 shares of the company’s stock valued at $5,245,000 after purchasing an additional 112,991 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of BRP by 1.5% during the 1st quarter. Alliancebernstein L.P. now owns 373,580 shares of the company’s stock valued at $6,123,000 after purchasing an additional 5,585 shares during the last quarter. Jane Street Group LLC bought a new position in shares of BRP during the 1st quarter valued at about $181,000. Fiera Capital Corp boosted its holdings in shares of BRP by 10.8% during the 1st quarter. Fiera Capital Corp now owns 359,072 shares of the company’s stock valued at $5,812,000 after purchasing an additional 35,058 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of BRP by 162.3% during the 4th quarter. Geode Capital Management LLC now owns 106,866 shares of the company’s stock valued at $4,868,000 after purchasing an additional 66,130 shares during the last quarter. 25.77% of the stock is owned by institutional investors and hedge funds.

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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