2 weeks Ago By Defense World Staff
Citigroup upgraded shares of BRP (NASDAQ:DOOO – Free Report) from a sell rating to a neutral rating in a report published on Friday morning, MarketBeat Ratings reports. The brokerage currently has $37.00 price objective on the stock, up from their prior price objective of $27.
00.DOOO has been the subject of several other research reports. TD Securities reissued a “hold” rating on shares of BRP in a research note on Thursday, March 27th.
Raymond James reiterated a “strong-buy” rating on shares of BRP in a report on Thursday, March 27th. Nine analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat.
com, BRP has an average rating of “Hold” and an average price target of $61.25.Check Out Our Latest Stock Report on BRPBRP Stock Down 0.
1 %Shares of DOOO opened at $35.36 on Friday. The company has a quick ratio of 0.
57, a current ratio of 1.37 and a debt-to-equity ratio of 5.19.
BRP has a 52 week low of $33.05 and a 52 week high of $74.23.
The stock’s 50-day moving average price is $40.77 and its 200-day moving average price is $48.67.
The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 18.81 and a beta of 1.
71. BRP (NASDAQ:DOOO – Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The company reported $0.
69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.07.
BRP had a return on equity of 61.20% and a net margin of 2.29%.
The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.97 billion.
On average, sell-side analysts predict that BRP will post 3.15 EPS for the current year. BRP Increases DividendThe firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th.
Stockholders of record on Friday, April 4th will be paid a $0.1508 dividend. This is a positive change from BRP’s previous quarterly dividend of $0.
15. The ex-dividend date is Friday, April 4th. This represents a $0.
60 annualized dividend and a dividend yield of 1.71%. BRP’s dividend payout ratio (DPR) is presently -29.
21%. Institutional Investors Weigh In On BRPA number of hedge funds have recently added to or reduced their stakes in the business. Capital World Investors increased its stake in shares of BRP by 101.
2% during the fourth quarter. Capital World Investors now owns 1,971,033 shares of the company’s stock worth $100,386,000 after buying an additional 991,392 shares during the period. Mackenzie Financial Corp boosted its position 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 valued at $83,399,000 after purchasing an additional 684,651 shares during the period. Turtle Creek Asset Management Inc.
increased its holdings in shares of BRP by 29.0% in 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 acquiring an additional 668,607 shares during the period. FIL Ltd increased its stake in BRP by 176.2% in the fourth quarter.
FIL Ltd now owns 792,000 shares of the company’s stock valued at $40,337,000 after purchasing an additional 505,228 shares during the period. Finally, Norges Bank acquired a new position in BRP in the 4th quarter valued at about $15,259,000. BRP Company Profile (Get Free Report)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.Read MoreFive stocks we like better than BRPQuiet Period Expirations ExplainedArcher Aviation’s Africa Deal Could Boost ACHR StockHow to Calculate Inflation RateAre Short Sellers Wrong About These 3 Semiconductor Stocks?Biggest Stock Losers – Today’s Biggest Percentage DeclinersBoeing Gets $50B in March Orders—Is BA Stock a Buy Now?.
