Desjardins Downgrades BRP (NASDAQ:DOOO) to Hold

Desjardins downgraded shares of BRP (NASDAQ:DOOO) from a moderate buy rating to a hold rating in a research report released on Sunday, Zacks.com reports. Desjardins also issued estimates for BRP’s Q3 2025 earnings at $0.49 EPS, Q4 2025 earnings at $0.58 EPS, FY2025 earnings at $2.23 EPS, FY2026 earnings at $3.34 EPS and FY2027 earnings at $5.07 EPS.

Several other equities research analysts have also weighed in on DOOO. CIBC cut their target price on shares of BRP from $110.00 to $100.00 and set an outperformer rating on the stock in a report on Monday, June 3rd. Scotiabank lowered BRP from a sector outperform rating to a sector perform rating in a research report on Monday. Citigroup lowered their target price on BRP from $80.00 to $75.00 and set a buy rating for the company in a research note on Monday. National Bank Financial lowered shares of BRP from an outperform rating to a sector perform rating in a research note on Wednesday, August 21st. Finally, Stifel Nicolaus cut shares of BRP from a buy rating to a hold rating in a report on Wednesday, August 21st. Seven equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, BRP presently has a consensus rating of Hold and a consensus price target of $105.00.

BRP Stock Performance

Shares of BRP stock opened at $60.98 on Friday. The firm has a fifty day moving average of $67.90 and a two-hundred day moving average of $66.85. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 11.03 and a beta of 2.07. The company has a debt-to-equity ratio of 4.23, a quick ratio of 0.46 and a current ratio of 1.35. BRP has a 52 week low of $57.15 and a 52 week high of $79.40.

BRP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be issued a dividend of $0.152 per share. This represents a $0.61 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Friday, September 27th. BRP’s payout ratio is 11.21%.

Institutional Trading of BRP

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Aristides Capital LLC bought a new stake in shares of BRP during the 2nd quarter worth approximately $241,000. The Manufacturers Life Insurance Company grew its position in shares of BRP by 61.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,076,187 shares of the company’s stock valued at $68,850,000 after acquiring an additional 408,692 shares during the period. Dimension Capital Management LLC increased its stake in shares of BRP by 73.6% during the 2nd quarter. Dimension Capital Management LLC now owns 11,098 shares of the company’s stock worth $711,000 after purchasing an additional 4,706 shares during the last quarter. Sei Investments Co. raised its holdings in shares of BRP by 31.3% in the 2nd quarter. Sei Investments Co. now owns 105,163 shares of the company’s stock valued at $6,734,000 after purchasing an additional 25,041 shares during the period. Finally, Intech Investment Management LLC bought a new stake in shares of BRP in the 2nd quarter valued at about $209,000.

BRP Company Profile

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.