NASDAQ:DOOO

BRP (DOOO) Stock Forecast, Price & News

$73.47

+2.63 (+3.71%)

(As of 06/2/2023 ET)

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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: 51,756 shs
Market Capitalization: $5.80 billion

P/E Ratio: 8.75
Dividend Yield: 0.72%
Price Target: $136.75

BRP MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 83.6% Upside
$134.88 Price Target
Short Interest: Bearish
5.63% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.43
Based on 28 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.

2.32 out of 5 stars

Auto/Tires/Trucks Sector

27th out of 101 stocks

Miscellaneous Transportation Equipment Industry

1st out of 8 stocks

3.3

Analyst's Opinion

Consensus Rating
BRP has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $134.88, BRP has a forecasted upside of 83.6% from its current price of $73.47.
Amount of Analyst Coverage
BRP has only been the subject of 4 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
5.63% 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 36.3, which indicates bearish sentiment.
Change versus previous month
Short interest in BRP has recently decreased by 7.44%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Yield
BRP has a dividend yield of 0.75%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
BRP does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of BRP is 6.31%. 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 5.33% 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.

2.5

News and Social Media Coverage

News Sentiment
BRP has a news sentiment score of 0.43. 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 news sentiment score is similar to the average news sentiment of Auto/Tires/Trucks companies.
News Coverage This Week
MarketBeat has tracked 28 news articles for BRP this week, compared to 4 articles on an average week.
Search Interest
3 people have searched for DOOO on MarketBeat in the last 30 days.
MarketBeat Follows
Only 1 people have added BRP to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 27.61% of the stock of BRP is held by institutions.

2.5

Earnings and Valuation

Earnings Growth
Earnings for BRP are expected to grow by 8.99% in the coming year, from $9.12 to $9.94 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of BRP is 8.75, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.48.
Price to Earnings Ratio vs. Sector
The P/E ratio of BRP is 8.75, 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 18.85.
Price to Book Value per Share Ratio
BRP has a P/B Ratio of 14.02. 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.

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