NASDAQ:DOOO

BRP - DOOO Stock Forecast, Price & News

$78.79

+0.66 (+0.84%)

(As of 08/12/2022 12:00 AM ET)

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Today's Range: $77.91
▼
$78.99
50-Day Range: $61.49
▼
$78.79
52-Week Range: $57.38
▼
$102.96

Volume: 31,761 shs
Average Volume: 57,758 shs
Market Capitalization: $6.20 billion

P/E Ratio: 12.43
Dividend Yield: 0.64%
Price Target: $132.33

BRP MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 68.0% Upside
$132.33 Price Target
Short Interest: Bearish
5.23% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.66
Based on 23 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 5.40%
From $8.89 to $9.37 Per Share

Overall MarketRank^™

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

2.21 out of 5 stars

Auto/Tires/Trucks Sector

51st out of 110 stocks

Miscellaneous Transportation Equipment Industry

4th out of 7 stocks

3.5

Analyst's Opinion

Consensus Rating
BRP has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 9 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $132.33, BRP has a forecasted upside of 68.0% from its current price of $78.79.
Amount of Analyst Coverage
BRP has only been the subject of 3 research reports in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
5.23% 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 19.7, which indicates bearish sentiment.
Change versus previous month
Short interest in BRP has recently increased by 1.10%, indicating that investor sentiment is decreasing.

1.7

Dividend Strength

Dividend Yield
BRP has a dividend yield of 0.64%, 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 8.04%. 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 5.44% 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.

3.1

News and Social Media Coverage

News Sentiment
BRP has a news sentiment score of 0.66. 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 0.44 average news sentiment score of Auto/Tires/Trucks companies.
News Coverage This Week
MarketBeat has tracked 23 news articles for BRP this week, compared to 3 articles on an average week.
Search Interest
7 people have searched for DOOO on MarketBeat in the last 30 days. This is an increase of 75% compared to the previous 30 days.
MarketBeat Follows
Only 3 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.

0.8

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
54.38% of the stock of BRP is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for BRP are expected to grow by 5.40% in the coming year, from $8.89 to $9.37 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of BRP is 12.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.76.
Price to Earnings Ratio vs. Sector
The P/E ratio of BRP is 12.43, 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 38.18.

See Top Rated MarketRank™ Stocks Here

About BRP (NASDAQ:DOOO) Stock

BRP Inc., together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The company operates through two segments, Powersports and Marine. It offers all-terrain, side-by-side, and three-wheeled vehicles; seasonal products, such as snowmobiles and personal watercraft; and engines for jet boats, outboards, karts, motorcycles, and recreational aircraft. The company also provides parts, accessories, and apparel, as well as other services. It sells its products through a network of independent dealers and distributors, as well as to original equipment manufacturers. The company was formerly known as J.A. Bombardier (J.A.B.) Inc. and changed its name to BRP Inc. in April 2013. BRP Inc. was founded in 1937 and is headquartered in Valcourt, Canada.

Analysts Set New Price Targets

Several research firms have recently weighed in on DOOO. DA Davidson began coverage on shares of BRP in a research report on Wednesday, May 4th. They issued a "buy" rating on the stock. Raymond James reduced their target price on BRP from C$146.00 to C$135.00 in a report on Monday, June 6th. Robert W. Baird lowered their price target on BRP to $100.00 and set a "na" rating on the stock in a report on Monday, May 16th. Royal Bank of Canada dropped their price target on BRP from C$128.00 to C$111.00 in a research report on Monday, June 6th. Finally, Stifel Nicolaus decreased their price objective on BRP from C$150.00 to C$145.00 in a research report on Monday, June 6th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $132.15.

BRP Price Performance

NASDAQ:DOOO opened at $78.79 on Friday. BRP has a fifty-two week low of $57.38 and a fifty-two week high of $102.96. The stock's 50-day moving average is $67.92 and its two-hundred day moving average is $73.41. The firm has a market cap of $6.20 billion, a P/E ratio of 12.43 and a beta of 2.53.

BRP (NASDAQ:DOOO - Get Rating) last issued its quarterly earnings data on Friday, June 3rd. The company reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.47. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.88 billion. BRP had a negative return on equity of 305.74% and a net margin of 8.79%. The firm's revenue was up .0% compared to the same quarter last year. During the same period last year, the business earned $2.00 EPS. On average, equities analysts expect that BRP will post 8.89 EPS for the current year.

BRP Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 14th. Investors of record on Thursday, June 30th were paid a $0.124 dividend. The ex-dividend date was Wednesday, June 29th. This represents a $0.50 dividend on an annualized basis and a yield of 0.63%. BRP's payout ratio is presently 8.04%.

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DOOO Stock News Headlines

August 13, 2022 | americanbankingnews.com

Q2 2023 Earnings Forecast for BRP Inc. Issued By DA Davidson (NASDAQ:DOOO)

August 13, 2022 | americanbankingnews.com

BRP Inc. (NASDAQ:DOOO) Forecasted to Earn FY2023 Earnings of $8.88 Per Share

August 9, 2022 | nasdaq.com

American Equity Investment (AEL) Beats Q2 Earnings and Revenue Estimates - Nasdaq

August 9, 2022 | finance.yahoo.com

BRP TO ACQUIRE THE SHAWINIGAN OPERATIONS OF KONGSBERG INC., A LEADER IN ELECTRONIC AND MECHATRONIC COMPONENTS

August 8, 2022 | nasdaq.com

Is BRP (DOOO) a Great Value Stock Right Now? - Nasdaq