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NASDAQ:DOOO

BRP (DOOO) Stock Forecast, Price & News

$73.47
+2.63 (+3.71%)
(As of 05:11 PM ET)
Compare
Today's Range
$69.87
$73.80
50-Day Range
$70.84
$78.20
52-Week Range
$58.71
$90.42
Volume
101,690 shs
Average Volume
52,877 shs
Market Capitalization
$5.80 billion
P/E Ratio
9.04
Dividend Yield
0.72%
Price Target
$136.75

BRP MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
87.7% Upside
$136.75 Price Target
Short Interest
Bearish
5.63% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.31mentions of BRP in the last 14 days
Based on 21 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.99%
From $9.12 to $9.94 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.31 out of 5 stars

Auto/Tires/Trucks Sector

26th out of 99 stocks

Miscellaneous Transportation Equipment Industry

1st out of 8 stocks


DOOO stock logo

About BRP (NASDAQ:DOOO) Stock

BRP Inc. is a leading global power sports vehicles and marine products manufacturer. The company's headquarters are in Valcourt, Quebec, Canada, and it operates in over 120 countries worldwide. BRP's product portfolio includes snowmobiles, watercraft, off-road vehicles, and propulsion systems for boats. With a history spanning over 75 years, BRP has established itself as a critical player in the power sports industry.

Jose Boisjoli has been the President and CEO of BRP Inc. since 2003 and the board's chairman since 2019. Boisjoli is a seasoned executive with over 30 years of experience in the power sports industry. Under his leadership, BRP has experienced significant growth and expanded its product portfolio.

Over the past few years, BRP has consistently reported strong financial results. BRP's profit margins have also been excellent, with gross profit margins between 25% - 35%. BRP's liabilities have kept pace or been slightly under its total assets providing evidence of strong fiscal responsibility. BRP's valuation metrics compare favorably to its industry peers staying even or slightly above the industry average. 

BRP's stock has performed well over the past few years, with the company's share price rising from around $15 in early 2020 to an average of $85 a share, which has remained stable for quite some time. The company's stock price has been rallied by strong financial results and investor optimism about the power sports industry. 

The power sports industry has grown steadily in recent years, driven by increased consumer interest and technological advances. Key competitors in the sector include Polaris Industries, Yamaha Motor and Arctic Cat. The industry has also faced regulatory challenges, particularly in the areas of emissions and noise pollution. However, BRP has proactively addressed these challenges, investing in research and development to create more sustainable and eco-friendly products.

BRP has several growth opportunities in the coming years. The company has recently launched several new products, including the Can-Am Ryker and the Sea-Doo Spark Trixx, which consumers have received well. BRP has also expanded into new markets, such as Asia and South America. Additionally, the company has been exploring opportunities in the electric power sports market with the launch of its E-TEC electric propulsion system.

As with any company, BRP faces several risks and challenges. Changes in consumer preferences and economic conditions could impact demand for the company's products. The power sports industry is also highly competitive, with established competitors and new entrants potentially disrupting the market. Additionally, the industry is subject to regulatory and political pressures, particularly in the areas of emissions and noise pollution. BRP's success in addressing these challenges will be crucial to maintaining its position as a leading player in the power sports industry.

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DOOO Stock News Headlines

BRP (NASDAQ:DOOO) Downgraded by TD Securities
The Real Problem With "Made in America" Lithium
Politicians love to say they support "Made in America" when it comes to manufacturing. But when it comes to lithium - the metal fueling our transition to electric vehicles - it's not that simple.
BRP Adjusts Fiscal 2024 Guidance
BRP declares CAD 0.18 dividend
The Real Problem With "Made in America" Lithium
Politicians love to say they support "Made in America" when it comes to manufacturing. But when it comes to lithium - the metal fueling our transition to electric vehicles - it's not that simple.
BRP REPORTS FISCAL YEAR 2024 FIRST QUARTER RESULTS
Earnings Outlook For BRP
BRP (DOOO) Set to Announce Earnings on Thursday
BRP (DOOO) Scheduled to Post Quarterly Earnings on Thursday
BRP Inc. (NASDAQ:DOOO) Short Interest Up 17.8% in March
BRP (NASDAQ:DOOO) Cut to "Neutral" at DA Davidson
BRP (NASDAQ:DOOO) Price Target Raised to C$138.00
BRP (NASDAQ:DOOO) PT Lowered to $85.00
See More Headlines

DOOO Price History

DOOO Company Calendar

Last Earnings
3/23/2023
Ex-Dividend for 4/17 Dividend
3/31/2023
Dividend Payable
4/17/2023
Today
6/02/2023
Ex-Dividend for 7/14 Dividend
6/29/2023
Dividend Payable
7/14/2023
Next Earnings (Estimated)
9/13/2023
Fiscal Year End
1/31/2024

Industry, Sector and Symbol

Industry
Miscellaneous transportation equipment
Sub-Industry
N/A
Current Symbol
NASDAQ:DOOO
Fax
N/A
Employees
23,000
Year Founded
2003

Price Target and Rating

Average Stock Price Forecast
$136.75
High Stock Price Forecast
$156.00
Low Stock Price Forecast
$85.00
Forecasted Upside/Downside
+87.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$661.06 million
Pretax Margin
11.62%

Debt

Sales & Book Value

Annual Sales
$7.68 billion
Cash Flow
$12.69 per share
Book Value
$5.24 per share

Miscellaneous

Free Float
N/A
Market Cap
$5.75 billion
Optionable
Not Optionable
Beta
2.26

Social Links


Key Executives

  • José Boisjoli
    Chairman, President & Chief Executive Officer
  • Sébastien Martel
    Chief Financial Officer
  • Thomas Uhr
    Chief Technology Officer
  • Stéphane Bilodeau
    Chief Information Officer
  • Josee Perreault
    Senior Vice President













DOOO Stock - Frequently Asked Questions

Should I buy or sell BRP stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BRP in the last year. There are currently 3 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.

What is BRP's stock price forecast for 2023?

6 Wall Street research analysts have issued 1-year price objectives 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 87.7% from the stock's current price.
View analysts price targets for DOOO
or view top-rated stocks among Wall Street analysts.

How have DOOO shares performed in 2023?

BRP's stock was trading at $76.35 at the beginning of the year. Since then, DOOO stock has decreased by 4.6% and is now trading at $72.84.
View the best growth stocks for 2023 here
.

Are investors shorting BRP?

BRP saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,990,000 shares, a decline of 7.4% from the April 30th total of 2,150,000 shares. Based on an average trading volume of 54,800 shares, the days-to-cover ratio is currently 36.3 days. Approximately 5.6% of the shares of the stock are sold short.
View BRP's Short Interest
.

When is BRP's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, September 13th 2023.
View our DOOO earnings forecast
.

How were BRP's earnings last quarter?

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 the consensus estimate of $2.75 by $0.11. The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.16 billion. BRP had a net margin of 8.59% and a trailing twelve-month return on equity of 779.10%.

How often does BRP pay dividends? What is the dividend yield for BRP?

BRP announced a quarterly dividend on Thursday, June 1st. Shareholders of record on Friday, June 30th will be paid a dividend of $0.133 per share on Friday, July 14th. This represents a $0.53 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Thursday, June 29th. This is an increase from the stock's previous quarterly dividend of $0.13.
Read our dividend analysis for DOOO
.

Is BRP a good dividend stock?

BRP (NASDAQ:DOOO) pays an annual dividend of $0.53 per share and currently has a dividend yield of 0.74%. 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.

What guidance has BRP issued on next quarter's earnings?

BRP issued an update on its FY24 earnings guidance on Thursday, March, 23rd. The company provided earnings per share 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.

What other stocks do shareholders of BRP own?
What is BRP's stock symbol?

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

Who are BRP's major shareholders?

BRP's stock is owned by a number of retail and institutional investors. Top institutional shareholders 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%).

How do I buy shares of BRP?

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.
Compare Top Brokerages Here.

What is BRP's stock price today?

One share of DOOO stock can currently be purchased for approximately $72.84.

How much money does BRP make?

BRP (NASDAQ:DOOO) has a market capitalization of $5.75 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.

How many employees does BRP have?

The company employs 23,000 workers across the globe.

How can I contact BRP?

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.

This page (NASDAQ:DOOO) was last updated on 6/2/2023 by MarketBeat.com Staff

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