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BRP INC. (DOO-T)
TSE:DOO
93.73
2.19
(2.28%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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Markets sideways before Fed announcementTSX joins Wall Street rallyMost Anticipated Earnings: UNC-T, DAN-X and more Canadian Companies Reporting Earnings this Week (Nov 27-Dec 01)This summary was created by AI, based on 3 opinions in the last 12 months.
Experts have mixed opinions on the stock of BRP INC. Some are cautious due to a mild winter affecting their snowmobile business and rising inventory, while others are bullish on their cash reserves, declining debt, and seasonal sales in water and power sports. The company's low PE ratio compared to its peers and market share gains are highlighted, but potential downturn effects are also noted. Overall, there is a sense of caution but with potential for growth in the coming seasons.
$99.000
Unknown
Saw a nice little bounce. The mild winter didn't help their snowmobile business, a sector where they are gaining market share. Inventory has risen. A great summer for boats would help, but he's overall cautious about this.
With cash reserves growing, debt declining and shares being bought back, we select DOO as a TOP PICK. Seasonal sales in both water and power sports will begin to ramp up. It trades 8x earnings and supports a strong ROE. Its modest dividend is backed by a payout ratio under 10% of cash flow. We recommend setting a stop-loss at $67, looking to achieve $102 — upside potential of 22%. Yield 0.8%
(Analysts’ price target is $102.22)Trades at 8x PE vs. peers at 12x. They mostly beat their last quarter, generate free cash, take more market share and enjoy robust demand for snowmobiles. A caveat is that in a downturn, discretionary costs like this will be cut.
(Analysts’ price target is $138.93)It held up well during the downturn and is therefore resilient. It has rallied and maintained at these higher levels. The consumer goods sector and leisure products are doing well.
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Strong player in sports vehicle market. Managed costs very well during COVID. Main risk is reduced consumer spending. Shares are fairly priced with upside potential.
3-5 year hold? An innovative company that captivates its customers. On a 12-month trailing basis is earning 2x what its normalized earnings power is. They sell jet skis and other expensive toys that people bought during the pandemic, and you won't need to replace those anytime soon. It was a 6-bagger during Covid, but has since come off 28%. This will likely grind lower lower before it resumes its uptrend. Still not cheap and expectations are still too high. If you hold this for 3-5 years it's probably okay, but not for him.
They make snowmobiles and enjoyed a surge during Covid, but a correction since as people are travelling. DOO is cyclical and shares are near the bottom of the cycle now. A best in class company. You can start nibbling at this.
High priced items are not good in a slowing economy. Consumer toys not needed during tough economic times. Wait to see how economy recovers before buying this type of stock.
It benefited from staycations during the pandemic. The stock has rebounded lately. It will be cyclical, so beware if there is a recession. Until then, demand for snowmobiles has remained strong which bodes well for DOO.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. There is no news to account for the weakness. The stock rose last week and has essentially returned to those levels. Estimates have risen, which pushes expectations to beat on earnings. The company has beaten estimates 8 quarters in a row. Unlock Premium - Try 5i Free
BRP INC.(DOO-T) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 2
BRP INC.(DOO-T) Frequently Asked Questions
What is BRP INC. stock symbol?
BRP INC. is a Canadian stock, trading under the symbol DOO-T on the Toronto Stock Exchange (DOO-CT). It is usually referred to as TSX:DOO or DOO-T
Is BRP INC. a buy or a sell?
In the last year, 2 stock analysts published opinions about DOO-T. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for BRP INC..
Is BRP INC. a good investment or a top pick?
BRP INC. was recommended as a Top Pick by on . Read the latest stock experts ratings for BRP INC..
Why is BRP INC. stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is BRP INC. worth watching?
2 stock analysts on Stockchase covered BRP INC. In the last year. It is a trending stock that is worth watching.
What is BRP INC. stock price?
On 2024-04-18, BRP INC. (DOO-T) stock closed at a price of $93.73.
Our PAST TOP PICK with DOO has achieved its target at $102. To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $67) to $80 at this time.