Latest news with #BRP
Yahoo
4 hours ago
- Business
- Yahoo
BRP Inc. price target raised to C$60 from C$49 at Citi
Citi raised the firm's price target on BRP Inc. (DOOO) to C$60 from C$49 and keeps a Neutral rating on the shares following the Q1 revenue beat. Despite incremental tariffs, macro uncertainty and near-term headwinds from reduced shipments and heightened promotions from competitors on non-current units, BRP 'has done a commendable job' in its inventory management, which should put the company in a position of relative strength in the second half of the year, the analyst tells investors in a research note. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on DOOO: Disclaimer & DisclosureReport an Issue BRP's Strategic Positioning and Optimistic Outlook Drive Buy Rating Despite Macroeconomic Challenges BRP Inc. upgraded to Buy from Hold at TD Securities BRP Inc. upgraded to Buy from Hold at Stifel Desjardins upgrades BRP Inc. to Buy saying 'worst is over' BRP Receives Buy Rating from Benoit Poirier Amid Strong Financial Outlook and Growth Potential Sign in to access your portfolio
Yahoo
4 hours ago
- Business
- Yahoo
BRP Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
BRP Inc. (TSE:DOO) investors will be delighted, with the company turning in some strong numbers with its latest results. It was overall a positive result, with revenues beating expectations by 5.8% to hit CA$1.8b. BRP also reported a statutory profit of CA$2.19, which was an impressive 489% above what the analysts had forecast. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Taking into account the latest results, the consensus forecast from BRP's 17 analysts is for revenues of CA$7.83b in 2026. This reflects an okay 2.0% improvement in revenue compared to the last 12 months. Per-share earnings are expected to jump 75% to CA$4.35. In the lead-up to this report, the analysts had been modelling revenues of CA$7.60b and earnings per share (EPS) of CA$3.29 in 2026. There's been a pretty noticeable increase in sentiment, with the analysts upgrading revenues and making a sizeable expansion in earnings per share in particular. Check out our latest analysis for BRP It will come as no surprise to learn that the analysts have increased their price target for BRP 5.5% to CA$66.82on the back of these upgrades. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. Currently, the most bullish analyst values BRP at CA$94.00 per share, while the most bearish prices it at CA$50.00. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business. Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. It's pretty clear that there is an expectation that BRP's revenue growth will slow down substantially, with revenues to the end of 2026 expected to display 2.7% growth on an annualised basis. This is compared to a historical growth rate of 9.2% over the past five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 2.9% annually. So it's pretty clear that, while BRP's revenue growth is expected to slow, it's expected to grow roughly in line with the industry. The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards BRP following these results. There was also an upgrade to revenue estimates, although as we saw earlier, forecast growth is only expected to be about the same as the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time. Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for BRP going out to 2028, and you can see them free on our platform here.. Don't forget that there may still be risks. For instance, we've identified 3 warning signs for BRP that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Business Insider
a day ago
- Business
- Business Insider
Canaccord Genuity Reaffirms Their Hold Rating on BRP (DOOO)
In a report released yesterday, Luke Hannan from Canaccord Genuity maintained a Hold rating on BRP (DOOO – Research Report), with a price target of C$60.00. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Hannan is a 4-star analyst with an average return of 10.5% and a 45.67% success rate. Hannan covers the Consumer Cyclical sector, focusing on stocks such as BRP, AutoCanada, and Spin Master. In addition to Canaccord Genuity, BRP also received a Hold from Citi's James Hardiman in a report issued yesterday. However, on the same day, Stifel Nicolaus upgraded BRP (NASDAQ: DOOO) to a Buy. Based on BRP's latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $2.1 billion and a GAAP net loss of $219.2 million. In comparison, last year the company earned a revenue of $2.69 billion and had a net profit of $188.5 million
Business Insider
a day ago
- Business
- Business Insider
BRP (DOOO) Gets a Hold from Scotiabank
Scotiabank analyst Jonathan Goldman maintained a Hold rating on BRP (DOOO – Research Report) yesterday and set a price target of C$67.00. The company's shares closed yesterday at $44.00. Confident Investing Starts Here: Goldman covers the Consumer Cyclical sector, focusing on stocks such as Magna International, Linamar, and BRP. According to TipRanks, Goldman has an average return of 6.0% and a 48.78% success rate on recommended stocks. In addition to Scotiabank, BRP also received a Hold from National Bank's Cameron Doerksen in a report issued yesterday. However, on the same day, Stifel Nicolaus upgraded BRP (NASDAQ: DOOO) to a Buy.
Globe and Mail
3 days ago
- Business
- Globe and Mail
Why BRP Stock Rocketed Nearly 13% Higher Today
Crushing beats on both the top and bottom lines by Bombardier Recreational Products (NASDAQ: DOOO), or BRP, clearly impressed the stock market on Thursday. Buoyed by highly encouraging results from the first quarter of fiscal 2026, the shares enjoyed a gain of nearly 13% across the day's trading session. That percentage was also well higher than the 0.3% gain recorded by the S&P 500 index. Far outpacing analyst estimates BRP, a Canada-based company that specializes in vehicles such as snowmobiles and personal sea craft, published those quarterly figures before market open. These revealed that the company booked revenue of just under 1.85 billion Canadian dollars ($1.34 billion), which was down by almost 8% on a year-over-year basis. However, it easily topped the CA$1.23 billion ($893 million) analyst consensus. Non- IFRS net income also declined, falling to just under CA$35 million ($25 million) from the year-ago profit of almost CA$121 million ($88 million). On a per-share basis, the former shook out to CA$0.47 ($0.34) per share. Again, though, this was significantly better than pundits had been expecting, as their collective estimate was merely CA$0.29 ($0.21) per share. In its earnings release, BRP gave itself a pat on the back for its better-than-anticipated performance in light of recent macroeconomic uncertainty. It attributed this largely to brisk end-of-season sales in the snowmobile segment. Guarded about guidance That macroeconomic uncertainty, however, is keeping management from providing guidance for future periods. That said, CEO Jose Boisjoli commented in a press release that "although demand remains soft due to a challenging macro environment, our strong product portfolio and leaner inventory levels position us favorably for a rebound." Should you invest $1,000 in Brp right now? Before you buy stock in Brp, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Brp wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,761!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $826,263!* Now, it's worth noting Stock Advisor 's total average return is978% — a market-crushing outperformance compared to170%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of May 19, 2025
