NASDAQ:DOOO

BRP (DOOO) Stock Forecast, Price & News

$75.86

+1.23 (+1.65%)

(As of 09/29/2023 ET)

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Today's Range: $75.27
▼
$76.49
50-Day Range: $72.33
▼
$92.20
52-Week Range: $58.71
▼
$92.74

Volume: 97,867 shs
Average Volume: 83,222 shs
Market Capitalization: $5.82 billion

P/E Ratio: 8.16
Dividend Yield: 0.70%
Price Target: $114.44

BRP MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.80 Rating Score
Upside/Downside: 50.9% Upside
$114.44 Price Target
Short Interest: Bearish
3.83% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.96
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 6.34%
From $9.15 to $9.73 Per Share

Overall MarketRank^™

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

2.28 out of 5 stars

Auto/Tires/Trucks Sector

36th out of 95 stocks

Miscellaneous Transportation Equipment Industry

3rd out of 7 stocks

3.4

Analyst's Opinion

Consensus Rating
BRP has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $114.44, BRP has a forecasted upside of 50.9% from its current price of $75.86.
Amount of Analyst Coverage
BRP has only been the subject of 1 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
3.83% of the float of BRP has been sold short.
Short Interest Ratio / Days to Cover
BRP has a short interest ratio ("days to cover") of 21, which indicates bearish sentiment.
Change versus previous month
Short interest in BRP has recently increased by 2.33%, indicating that investor sentiment is decreasing.

1.7

Dividend Strength

Dividend Yield
BRP has a dividend yield of 0.71%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
BRP has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of BRP is 5.70%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, BRP will have a dividend payout ratio of 5.45% next year. This indicates that BRP will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for DOOO.

3.9

News and Social Media Coverage

News Sentiment
BRP has a news sentiment score of 0.96. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Auto/Tires/Trucks companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for BRP this week, compared to 2 articles on an average week.
Search Interest
4 people have searched for DOOO on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.
MarketBeat Follows
3 people have added BRP to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, BRP insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 26.68% of the stock of BRP is held by institutions.

1.9

Earnings and Valuation

Earnings Growth
Earnings for BRP are expected to grow by 6.34% in the coming year, from $9.15 to $9.73 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of BRP is 8.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.95.
Price to Earnings Ratio vs. Sector
The P/E ratio of BRP is 8.16, which means that it is trading at a less expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 11.60.
Price to Book Value per Share Ratio
BRP has a P/B Ratio of 9.94. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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.

DOOO Price History

30 days | 90 days | 365 days | Advanced Chart

DOOO Stock News Headlines

September 26, 2023 | finance.yahoo.com

Can-Am Maverick R Scores Historic First Win

September 26, 2023 | msn.com

Soldiers at BRP Sierra Madre can now 'stay connected'

October 1, 2023 | Chaikin Analytics (Ad)

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September 18, 2023 | msn.com

Town in Palawan seeks BRP Sierra Madre's repair

September 13, 2023 | nasdaq.com

BRP Beats on Q2 2024 Sales and Earnings, But Is It Enough?

September 12, 2023 | msn.com

BRP is a Buy and Polaris is a Sell in new Citi pair trade

September 8, 2023 | markets.businessinsider.com

Citi Keeps Their Hold Rating on BRP (DOOO)

September 7, 2023 | benzinga.com

BRP Clocks 14% Growth In Q2 Revenues Amid Improvements In Supply Chain, Sustained Demand

October 1, 2023 | Chaikin Analytics (Ad)

This Stock Could Go Up 66% or More.

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September 7, 2023 | marketwatch.com

BRP Shares Climb on 2Q Beat, Despite FY24 Downgraded Outlook

September 7, 2023 | seekingalpha.com

BRP Inc. 2024 Q2 - Results - Earnings Call Presentation

August 27, 2023 | msn.com

Brawner confirms Chinese vessel ‘shadowed’ BRP Laguna

August 26, 2023 | msn.com

Pentagon 'no statement' on US aircraft seen during PH resupply mission to BRP Sierra Madre

August 25, 2023 | msn.com

Duterte dared to deny promise to remove BRP Sierra Madre from Ayungin Shoal himself

August 23, 2023 | msn.com

Resupply boats welcomed back from BRP Sierra Madre mission

August 23, 2023 | msn.com

PCG calls out Chinese vessels' dangerous maneuvers in latest resupply mission to BRP Sierra Madre

August 22, 2023 | msn.com

Duterte camp says he made no promise to remove BRP Sierra Madre from Ayungin

August 20, 2023 | msn.com

Arroyo: I never promised to remove BRP Sierra Madre

August 19, 2023 | msn.com

Arroyo: I did not promise China BRP Sierra Madre will be removed from Ayungin

August 18, 2023 | msn.com

BRP Sierra Madre rusting away on PH politicians' split tongue

August 17, 2023 | msn.com

NSC spox: Tiglao's claim of PH-China BRP Sierra Madre deal a 'conjecture'

August 16, 2023 | msn.com

Estrada camp: ‘Illogical’ for Erap to vow BRP Sierra Madre removal

August 16, 2023 | technews.tmcnet.com

Government of Canada supports innovation efforts at Centre de technologies avancées BRP - Université de Sherbrooke

August 16, 2023 | msn.com

Philippines: China yet to show agreement on towing BRP Sierra Madre

August 12, 2023 | msn.com

PH 'to resist' if China tries to remove BRP Sierra Madre from Ayungin Shoal —AFP

August 10, 2023 | msn.com

PH has no promise to remove BRP Sierra Madre from Ayungin Shoal —Palace

August 9, 2023 | msn.com

'No deal to remove BRP Sierra Madre'

See More Headlines

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DOOO Company Calendar

Last Earnings: 6/01/2023
Ex-Dividend for 7/14 Dividend: 6/29/2023
Dividend Payable: 7/14/2023
Ex-Dividend for 10/13 Dividend: 9/28/2023
Today: 10/01/2023
Dividend Payable: 10/13/2023
Next Earnings (Estimated): 11/29/2023
Fiscal Year End: 1/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Miscellaneous transportation equipment
Sub-Industry: N/A
Sector: Auto/Tires/Trucks
Current Symbol: NASDAQ:DOOO
CUSIP: N/A
CIK: 1748797
Web: www.brp.com
Phone: (450) 532-2211
Fax: N/A
Employees: 23,000
Year Founded: 2003

Price Target and Rating

Average Stock Price Forecast: $114.44
High Stock Price Forecast: $154.00
Low Stock Price Forecast: $75.00
Forecasted Upside/Downside: +50.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.80
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $9.30
Trailing P/E Ratio: 8.16
Forward P/E Ratio: 8.29
P/E Growth: N/A
Net Income: $661.06 million
Net Margins: 9.09%
Pretax Margin: 11.81%
Return on Equity: 200.41%
Return on Assets: 15.96%

Debt

Debt-to-Equity Ratio: 3.42
Current Ratio: 1.40
Quick Ratio: 0.46

Sales & Book Value

Annual Sales: $7.68 billion
Price / Sales: 0.76
Cash Flow: $12.69 per share
Price / Cash Flow: 5.98
Book Value: $7.63 per share
Price / Book: 9.94

Miscellaneous

Outstanding Shares: 76,740,000
Free Float: N/A
Market Cap: $5.82 billion
Optionable: Not Optionable
Beta: 2.29

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Key Executives

Mr. Jose Boisjoli (Age 65)
Pres, CEO & Chairman
Comp: $2.48M

Mr. Sebastien Martel (Age 51)
Chief Financial Officer
Comp: $910.23k

Mr. Thomas Uhr (Age 58)
Chief Technology Officer
Comp: $803.81k

Mr. Sandy Scullion (Age 55)
Pres of Powersports Group
Comp: $928.36k

Mr. Stephane Bilodeau (Age 56)
Chief Information Officer

Mr. Philippe Deschenes
Mang. of Treasury & Investor Relations

Mr. Martin Langelier (Age 52)
Chief Legal Officer

Ms. Anne-Marie LaBerge (Age 57)
Chief Marketing Officer

Ms. Anne Le Breton (Age 51)
Exec. VP of People & Culture

Mr. Denys Lapointe (Age 62)
Chief Design Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

DOOO Stock - Frequently Asked Questions

Should I buy or sell BRP stock right now?: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for BRP in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" DOOO shares.
View DOOO analyst ratings or view top-rated stocks.
What is BRP's stock price forecast for 2023?: 5 Wall Street analysts have issued twelve-month price targets for BRP's shares. Their DOOO share price forecasts range from $75.00 to $154.00. On average, they predict the company's share price to reach $114.44 in the next year. This suggests a possible upside of 50.9% 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 on January 1st, 2023. Since then, DOOO stock has decreased by 0.6% and is now trading at $75.86.
View the best growth stocks for 2023 here.
When is BRP's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 29th 2023.
View our DOOO earnings forecast.
How were BRP's earnings last quarter?: BRP Inc. (NASDAQ:DOOO) announced its quarterly earnings data on Thursday, June, 1st. The company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. The firm earned $1.79 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $1.31 EPS.
How often does BRP pay dividends? What is the dividend yield for BRP?: BRP declared a quarterly dividend on Wednesday, September 6th. Investors of record on Friday, September 29th will be paid a dividend of $0.133 per share on Friday, October 13th. This represents a $0.53 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Thursday, September 28th.
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 0.71%. 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.

What guidance has BRP issued on next quarter's earnings?: BRP updated its FY24 earnings guidance on Thursday, September, 7th. The company provided earnings per share (EPS) 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.
What other stocks do shareholders of BRP own?: 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).
What is BRP's stock symbol?: BRP trades on the NASDAQ under the ticker symbol "DOOO."
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 $75.86.
How much money does BRP make?: BRP (NASDAQ:DOOO) has a market capitalization of $5.82 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.
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 10/1/2023 by MarketBeat.com Staff

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