A number of equities research analysts recently weighed in on DOOO shares. Stifel Canada raised shares of BRP from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 29th. TD Securities raised shares of BRP from a “hold” rating to a “strong-buy” rating in a report on Friday, May 30th. Citigroup reissued a “neutral” rating and set a $51.00 price objective (up from $43.00) on shares of BRP in a report on Monday, June 16th. Baird R W lowered shares of BRP from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Finally, UBS Group decreased their price objective on shares of BRP from $45.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, April 23rd.

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Hedge funds and other institutional investors have recently modified their holdings of the business. Quadrant Capital Group LLC boosted its holdings in shares of BRP by 259.3% in the 4th quarter. Quadrant Capital Group LLC now owns 679 shares of the company’s stock valued at $35,000 after buying an additional 490 shares during the period. Signaturefd LLC boosted its holdings in shares of BRP by 296.1% in the 4th quarter. Signaturefd LLC now owns 1,208 shares of the company’s stock valued at $61,000 after buying an additional 903 shares during the period. Acadian Asset Management LLC acquired a new position in shares of BRP in the 1st quarter valued at about $70,000. Dnca Finance boosted its holdings in shares of BRP by 36.1% in the 4th quarter. Dnca Finance now owns 1,390 shares of the company’s stock valued at $71,000 after buying an additional 369 shares during the period. Finally, C M Bidwell & Associates Ltd. acquired a new position in shares of BRP in the 4th quarter valued at about $77,000.

DOOO opened at $50.44 on Thursday. The company has a fifty day simple moving average of $43.22 and a 200 day simple moving average of $42.63. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of -123.02 and a beta of 1.23. BRP has a twelve month low of $31.78 and a twelve month high of $74.00. The company has a current ratio of 1.34, a quick ratio of 0.58 and a debt-to-equity ratio of 5.85.

BRP (NASDAQ:DOOO – Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.78 billion. BRP had a negative net margin of 0.55% and a positive return on equity of 54.71%. Equities research analysts expect that BRP will post 3.15 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be issued a $0.1557 dividend. The ex-dividend date of this dividend is Monday, June 30th. This is a positive change from BRP’s previous quarterly dividend of $0.15. This represents a $0.62 annualized dividend and a dividend yield of 1.23%. BRP’s payout ratio is -153.66%.

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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.

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