BRP (DOOO) Stock Price, News & Analysis

Company Overview

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.

Written by Jeffrey Neal Johnson

Key Stats

• Today's Range: $46.85 to $47.78
• 50-Day Range: $47.71 to $62.63
• 52-Week Range: $46.85 to $75.59
• Volume: 37,951 shs
• Average Volume: 124,712 shs
• Market Capitalization: $3.47 billion
• P/E Ratio: 19.70
• Dividend Yield: 1.31%
• Price Target: $97.00
• Consensus Rating: Hold

BRP Stock Analysis - MarketRank™

BRP scored higher than 86% of companies evaluated by MarketBeat, and ranked 21st out of 88 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.2 / 5
• Analyst Rating: Hold

Consensus Rating

BRP has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 7 hold ratings, and no sell ratings.

Amount of Analyst Coverage

BRP has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 71.30%

Earnings Growth

Earnings for BRP are expected to grow by 71.30% in the coming year, from $2.30 to $3.94 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of BRP is 19.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.73.

Price to Earnings Ratio vs. Sector

The P/E ratio of BRP is 19.59, which means that it is trading at a more expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 11.14.

Price to Book Value per Share Ratio

BRP has a P/B Ratio of 5.87. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 0.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

7.45% 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 18.3, which indicates bearish sentiment.

Change versus previous month

Short interest in BRP has recently increased by 16.26%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

BRP pays a meaningful dividend of 1.28%, higher than 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 25.73%. 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 15.74% next year. This indicates that BRP will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

7.45% 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 18.3, which indicates bearish sentiment.

Change versus previous month

Short interest in BRP has recently increased by 16.26%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.93

News Sentiment

BRP has a news sentiment score of 0.93. 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 0.60 average news sentiment score of Auto/Tires/Trucks companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for BRP this week, compared to 4 articles on an average week.

Search Interest

1 people have searched for DOOO on MarketBeat in the last 30 days.

Company Ownership

• Score: N/A
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, BRP insiders have not sold or bought any company stock.

DOOO Stock Analysis - Frequently Asked Questions

How have DOOO shares performed this year?

BRP's stock was trading at $71.69 at the beginning of 2024. Since then, DOOO shares have decreased by 34.1% and is now trading at $47.21.
View the best growth stocks for 2024 here.

How were BRP's earnings last quarter?

BRP Inc. (NASDAQ:DOOO) released its quarterly earnings data on Friday, September, 6th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.22 by $0.23. The firm earned $1.34 billion during the quarter, compared to the consensus estimate of $1.35 billion. BRP had a net margin of 2.78% and a trailing twelve-month return on equity of 79.58%.

Who are BRP's major shareholders?

BRP's top institutional investors include FMR LLC (4.13%), The Manufacturers Life Insurance Company (1.68%), QV Investors Inc. (0.59%) and National Bank of Canada FI (0.59%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of BRP own?

Based on aggregate information from My MarketBeat watchlists, some other companies that BRP investors own include Waste Connections (WCN), AUO (AUOTY), American Water Works (AWK), DiamondRock Hospitality (DRH), The RMR Group (RMR), iShares Micro-Cap ETF (IWC) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 9/06/2024
• Ex-Dividend for 10/11 Dividend: 9/27/2024
• Dividend Payable: 10/11/2024
• Today: 11/21/2024
• Next Earnings (Estimated): 12/05/2024
• Fiscal Year End: 1/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Auto/Tires/Trucks
• Industry: Miscellaneous transportation equipment
• Sub-Industry: Automobiles And 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 Target: $97.00
• High Stock Price Target: $137.00
• Low Stock Price Target: $65.00
• Potential Upside/Downside: +104.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.41
• Trailing P/E Ratio: 19.70
• Forward P/E Ratio: 20.64
• P/E Growth: N/A
• Net Income: $550.64 million
• Net Margins: 2.78%
• Pretax Margin: 4.01%
• Return on Equity: 79.58%
• Return on Assets: 8.14%

Debt

• Debt-to-Equity Ratio: 4.99
• Current Ratio: 1.32
• Quick Ratio: 0.37

Sales & Book Value

• Annual Sales: $7.68 billion
• Price / Sales: 0.45
• Cash Flow: $12.21 per share
• Price / Cash Flow: 3.89
• Book Value: $8.04 per share
• Price / Book: 5.91

Miscellaneous

• Outstanding Shares: 73,000,000
• Free Float: N/A
• Market Cap: $3.47 billion
• Optionable: Optionable
• Beta: 2.07