BRP (DOOO) Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BRP in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" DOOO shares.
View DOOO analyst ratings or view top-rated stocks.

5 Wall Street research analysts have issued 1-year price objectives for BRP's shares. Their DOOO share price forecasts range from $75.00 to $154.00. On average, they predict the company's stock price to reach $114.44 in the next twelve months. This suggests a possible upside of 53.9% 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 start of the year. Since then, DOOO stock has decreased by 2.6% and is now trading at $74.34.
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BRP saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,290,000 shares, an increase of 14.2% from the August 15th total of 1,130,000 shares. Based on an average trading volume of 61,700 shares, the short-interest ratio is currently 20.9 days. Approximately 3.7% of the company's shares are sold short.
View BRP's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 29th 2023.
View our DOOO earnings forecast.

BRP Inc. (NASDAQ:DOOO) announced its quarterly earnings data on Thursday, June, 1st. The company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. The company had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.72 billion. BRP had a net margin of 9.09% and a trailing twelve-month return on equity of 200.41%. During the same period in the prior year, the business posted $1.31 earnings per share.

BRP declared a quarterly dividend on Wednesday, September 6th. Investors of record on Friday, September 29th will be given a dividend of $0.133 per share on Friday, October 13th. This represents a $0.53 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Thursday, September 28th.
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 0.70%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 5.70%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DOOO will have a dividend payout ratio of 5.45% 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, September, 7th. The company provided earnings per share guidance of CAD12.35-12.85 for the period, compared to the consensus EPS estimate of $12.69. The company issued revenue guidance of +7-10% yr/yr to CAD10.74-11.04 billion, compared to the consensus revenue estimate of $11.26 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 retail and institutional investors. Top institutional shareholders include Beutel Goodman & Co Ltd. (4.82%), Mackenzie Financial Corp (2.06%), Bank of Montreal Can (1.16%), Goldman Sachs Group Inc. (0.77%), Alliancebernstein L.P. (0.61%) and Royal Bank of Canada (0.56%).

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 $74.34.

BRP (NASDAQ:DOOO) has a market capitalization of $5.70 billion and generates $7.68 billion in revenue each year. The company earns $661.06 million in net income (profit) each year or $9.30 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.