Desjardins Research Analysts Lift Earnings Estimates for BRP

BRP Inc. (NASDAQ:DOOO) – Equities researchers at Desjardins upped their FY2026 earnings estimates for BRP in a report released on Sunday, December 8th. Desjardins analyst B. Poirier now expects that the company will earn $3.36 per share for the year, up from their previous forecast of $3.32. Desjardins has a “Hold” rating on the stock. The consensus estimate for BRP’s current full-year earnings is $2.26 per share. Desjardins also issued estimates for BRP’s FY2027 earnings at $3.98 EPS.

DOOO has been the topic of several other reports. UBS Group decreased their target price on shares of BRP from $66.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, September 13th. National Bank Financial lowered BRP from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, August 21st. Citigroup reduced their price objective on shares of BRP from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, September 9th. Stifel Nicolaus downgraded BRP from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Finally, Scotiabank cut BRP from a “sector outperform” rating to a “sector perform” rating in a report on Monday, September 9th. Six investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, BRP presently has a consensus rating of “Hold” and an average target price of $97.00.

BRP Trading Down 2.3 %

Shares of DOOO stock opened at $51.52 on Wednesday. The company has a debt-to-equity ratio of 4.99, a current ratio of 1.32 and a quick ratio of 0.37. The business has a 50-day moving average of $51.73 and a 200 day moving average of $60.60. The stock has a market capitalization of $3.76 billion, a PE ratio of 27.40 and a beta of 2.03. BRP has a 1-year low of $46.85 and a 1-year high of $75.59.

BRP Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be paid a $0.1485 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.59 dividend on an annualized basis and a yield of 1.15%. BRP’s payout ratio is presently 32.98%.

Institutional Trading of BRP

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE boosted its stake in BRP by 350.0% during the third quarter. US Bancorp DE now owns 414 shares of the company’s stock valued at $25,000 after buying an additional 322 shares during the last quarter. Spartan Fund Management Inc. purchased a new position in shares of BRP during the third quarter worth approximately $72,000. DRW Securities LLC bought a new stake in shares of BRP in the 3rd quarter valued at about $161,000. Public Employees Retirement System of Ohio acquired a new stake in BRP in the third quarter worth about $178,000. Finally, Lake Street Advisors Group LLC acquired a new stake in BRP in the 2nd quarter worth approximately $201,000.

About BRP

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.