Scotiabank Research Analysts Lift Earnings Estimates for BRP

BRP Inc. (NASDAQ:DOO) – Equities research analysts at Scotiabank raised their FY2027 EPS estimates for BRP in a research note issued on Friday, May 29th. Scotiabank analyst J. Goldman now anticipates that the company will post earnings of $2.43 per share for the year, up from their previous forecast of $2.09. Scotiabank has a “Sector Perform” rating on the stock. The consensus estimate for BRP’s current full-year earnings is $2.37 per share.

DOO has been the topic of several other research reports. Canaccord Genuity Group downgraded shares of BRP from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. Citigroup reduced their price objective on shares of BRP from $75.00 to $74.00 and set a “buy” rating on the stock in a research report on Friday. Royal Bank Of Canada reiterated an “outperform” rating on shares of BRP in a research report on Friday. Weiss Ratings reiterated a “hold (c-)” rating on shares of BRP in a research report on Monday, March 23rd. Finally, Raymond James Financial cut shares of BRP from a “strong-buy” rating to a “market perform” rating in a research report on Friday, April 24th. Four equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, BRP has an average rating of “Hold” and an average target price of $85.33.

BRP Price Performance

Shares of NASDAQ:DOO opened at $58.48 on Tuesday. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.30 and a quick ratio of 0.61. BRP has a 1-year low of $43.14 and a 1-year high of $81.89. The stock has a market capitalization of $4.31 billion, a P/E ratio of 22.07 and a beta of 0.89. The firm’s 50 day moving average price is $61.38.

BRP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.7%. The ex-dividend date is Tuesday, June 30th. BRP’s payout ratio is currently 27.17%.

Institutional Investors Weigh In On BRP

Several large investors have recently bought and sold shares of DOO. Mackenzie Financial Corp bought a new position in BRP during the fourth quarter valued at $207,651,000. Price T Rowe Associates Inc. MD bought a new position in BRP during the fourth quarter valued at $169,341,000. Capital World Investors bought a new position in BRP during the fourth quarter valued at $158,763,000. FIL Ltd bought a new position in BRP during the fourth quarter valued at $123,110,000. Finally, Vanguard Group Inc. bought a new position in BRP during the fourth quarter valued at $98,153,000.

BRP Company Profile

BRP Inc, headquartered in Valcourt, Quebec, designs, manufactures and distributes powersports vehicles and propulsion systems for recreational and utility use. The company traces its roots to the Bombardier family and the early development of the snowmobile, and it operates as a global manufacturer of recreational vehicles and related technologies.

BRP’s product portfolio includes snowmobiles, personal watercraft and sport boats, off-road vehicles (including all-terrain and side-by-side models) and three‑wheel on‑road vehicles.