BRP Inc. (NASDAQ:DOOO - Free Report) - National Bank Financial cut their FY2026 earnings per share estimates for BRP in a report issued on Wednesday, November 20th. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings of $3.28 per share for the year, down from their prior forecast of $4.38. National Bank Financial currently has a "Sector Perform" rating on the stock. The consensus estimate for BRP's current full-year earnings is $2.27 per share.
DOOO has been the topic of several other research reports. Citigroup decreased their price objective on BRP from $80.00 to $75.00 and set a "buy" rating on the stock in a report on Monday, September 9th. Cibc World Mkts downgraded shares of BRP from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 9th. Scotiabank cut shares of BRP from a "sector outperform" rating to a "sector perform" rating in a research report on Monday, September 9th. Stifel Nicolaus lowered shares of BRP from a "buy" rating to a "hold" rating in a research report on Wednesday, August 21st. Finally, Desjardins downgraded shares of BRP from a "moderate buy" rating to a "hold" rating in a research note on Sunday, September 8th. Seven research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, BRP currently has an average rating of "Hold" and a consensus target price of $97.00.
View Our Latest Stock Report on BRP
BRP Trading Up 4.8 %
NASDAQ DOOO traded up $2.33 during mid-day trading on Monday, reaching $50.84. 556,592 shares of the stock were exchanged, compared to its average volume of 126,556. The stock has a market capitalization of $3.71 billion, a PE ratio of 21.10 and a beta of 2.07. The company has a debt-to-equity ratio of 4.99, a quick ratio of 0.37 and a current ratio of 1.32. BRP has a 1-year low of $46.85 and a 1-year high of $75.59. The business's fifty day simple moving average is $54.54 and its 200 day simple moving average is $62.31.
BRP (NASDAQ:DOOO - Get Free Report) last announced its earnings results on Friday, September 6th. The company reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.23. BRP had a return on equity of 79.58% and a net margin of 2.78%. The firm had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.35 billion.
BRP Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a $0.152 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Friday, September 27th. BRP's dividend payout ratio is presently 25.73%.
Institutional Trading of BRP
Several large investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its position in BRP by 13.9% in the third quarter. The Manufacturers Life Insurance Company now owns 1,226,226 shares of the company's stock valued at $73,027,000 after acquiring an additional 150,039 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in BRP by 61.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,076,187 shares of the company's stock valued at $68,850,000 after purchasing an additional 408,692 shares in the last quarter. American Century Companies Inc. increased its stake in BRP by 45.6% during the 2nd quarter. American Century Companies Inc. now owns 1,072,168 shares of the company's stock worth $68,656,000 after buying an additional 335,715 shares during the period. National Bank of Canada FI lifted its holdings in BRP by 13.5% in the 2nd quarter. National Bank of Canada FI now owns 479,312 shares of the company's stock worth $30,455,000 after buying an additional 56,954 shares in the last quarter. Finally, QV Investors Inc. purchased a new position in BRP in the 2nd quarter valued at about $28,142,000.
About BRP
(
Get Free Report)
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 Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.
Further Reading
Before you consider BRP, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BRP wasn't on the list.
While BRP currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.