BRP Inc (DOOO) Given Consensus Rating of “Buy” by Analysts

Shares of BRP Inc (NASDAQ:DOOO) have been assigned a consensus recommendation of “Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a buy recommendation.

A number of equities analysts recently issued reports on DOOO shares. UBS Group started coverage on BRP in a report on Tuesday, October 9th. They set a “buy” rating for the company. Robert W. Baird started coverage on BRP in a report on Tuesday, October 9th. They set an “outperform” rating for the company. Royal Bank of Canada upgraded BRP from a “sector perform” rating to an “outperform” rating in a report on Tuesday, October 9th. National Bank Financial raised BRP from a “sector perform overweight” rating to an “outperform overweight” rating in a research report on Tuesday, October 9th. Finally, Desjardins reaffirmed a “buy” rating on shares of BRP in a research report on Tuesday, October 9th.

DOOO opened at $35.68 on Monday. BRP has a 52-week low of $30.23 and a 52-week high of $55.41.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. FIL Ltd bought a new stake in BRP during the 3rd quarter valued at $231,813,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in BRP during the 3rd quarter valued at $72,189,000. TIAA CREF Investment Management LLC bought a new stake in BRP during the 3rd quarter valued at $71,037,000. Acadian Asset Management LLC bought a new stake in BRP during the 3rd quarter valued at $60,839,000. Finally, American Century Companies Inc. bought a new stake in BRP during the 3rd quarter valued at $48,156,000. 15.40% 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 powersports vehicles and propulsion systems worldwide. The company offers all-terrain, side-by-side, and spyder vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircrafts.

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Analyst Recommendations for BRP (NASDAQ:DOOO)

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