BRP (DOOO) Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BRP in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" DOOO shares.
View DOOO analyst ratings or view top-rated stocks.

5 Wall Street analysts have issued 12 month price targets for BRP's stock. Their DOOO share price forecasts range from $85.00 to $156.00. On average, they anticipate the company's stock price to reach $136.75 in the next twelve months. This suggests a possible upside of 86.0% from the stock's current price.
View analysts price targets for DOOO or view top-rated stocks among Wall Street analysts.

BRP's stock was trading at $76.35 at the beginning of the year. Since then, DOOO shares have decreased by 3.7% and is now trading at $73.51.
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BRP saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 1,990,000 shares, a drop of 7.4% from the April 30th total of 2,150,000 shares. Based on an average daily volume of 54,800 shares, the short-interest ratio is presently 36.3 days. Currently, 5.6% of the company's stock are sold short.
View BRP's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, June 2nd 2023.
View our DOOO earnings forecast.

BRP Inc. (NASDAQ:DOOO) announced its quarterly earnings results on Thursday, March, 23rd. The company reported $2.86 earnings per share for the quarter, topping analysts' consensus estimates of $2.75 by $0.11. The company earned $2.28 billion during the quarter, compared to analysts' expectations of $2.16 billion. BRP had a trailing twelve-month return on equity of 779.10% and a net margin of 8.59%.

BRP declared a quarterly dividend on Wednesday, March 22nd. Investors of record on Monday, April 3rd will be given a dividend of $0.132 per share on Monday, April 17th. This represents a $0.53 annualized dividend and a yield of 0.72%. The ex-dividend date is Friday, March 31st. This is a boost from the stock's previous quarterly dividend of $0.12.
Read our dividend analysis for DOOO.

BRP (NASDAQ:DOOO) pays an annual dividend of $0.53 per share and currently has a dividend yield of 0.72%. The dividend payout ratio is 6.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DOOO will have a dividend payout ratio of 5.33% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DOOO.

BRP issued an update on its FY24 earnings guidance on Thursday, March, 23rd. The company provided earnings per share (EPS) guidance of CAD12.25-12.75 for the period, compared to the consensus EPS estimate of $12.46. The company issued revenue guidance of +9-12% yr/yr to ~CAD10.94-11.24 billion, compared to the consensus revenue estimate of $10.67 billion.

Based on aggregate information from My MarketBeat watchlists, some companies that other BRP investors own include General Motors (GM), Toronto-Dominion Bank (TD), UnitedHealth Group (UNH), Algonquin Power & Utilities (AQN), Bank of Nova Scotia (BNS), Canadian Imperial Bank of Commerce (CM), Cinemark (CNK), Dollar General (DG), BRP (DOO) and Brinker International (EAT).

BRP trades on the NASDAQ under the ticker symbol "DOOO."

BRP's stock is owned by a number of institutional and retail investors. Top institutional investors include Mackenzie Financial Corp (3.05%), Westfield Capital Management Co. LP (1.14%), Bank of America Corp DE (0.93%), Connor Clark & Lunn Investment Management Ltd. (0.59%), National Bank of Canada FI (0.52%) and Caisse DE Depot ET Placement DU Quebec (0.47%).

Shares of DOOO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DOOO stock can currently be purchased for approximately $73.51.

BRP (NASDAQ:DOOO) has a market capitalization of $5.80 billion and generates $7.68 billion in revenue each year. The company earns $661.06 million in net income (profit) each year or $8.13 on an earnings per share basis.

The company employs 23,000 workers across the globe.

BRP's mailing address is 726 SAINT-JOSEPH STREET, VALCOURT A8, J0E 2L0. The official website for the company is www.brp.com. The company can be reached via phone at (450) 532-2211 or via email at philippe.deschenes@brp.com.