01:19:08 EDT Tue 30 Apr 2024
Enter Symbol
or Name
USA
CA



BRP Inc
Symbol DOO
Shares Issued 34,808,553
Close 2024-03-19 C$ 83.30
Market Cap C$ 2,899,552,465
Recent Sedar Documents

Globe says Doerksen sees "BRP gaining market share"

2024-03-20 07:43 ET - In the News

The Globe and Mail reports in its Wednesday, March 20, edition that National Bank Financial analyst Cameron Doerksen has reaffirmed his "outperform" recommendation for BRP. The Globe's David Leeder writes in the Eye On Equities column that Mr. Doerksen gave his share target a $2 trim to $105. Analysts on average target the shares at $102.22. Mr. Doerksen says in a note: "Although we expect the power-sports industry slowdown will persist through much of fiscal 2025, we continue to see BRP gaining market share and introducing new products, which will position the company well for an eventual end market rebound. Furthermore, with the stock currently trading 30 per cent below its 52-week high, we would argue that it is already pricing in a material market slowdown and earnings expectations have already been appropriately reset lower. Finally, with an already strong financial position and solid free cash flow generation expected, we expect BRP to remain active with its NCIB and could announce another substantial issuer bid, which would be supportive of the stock. While investor sentiment around power sports may remain negative in the short-term, we view BRP as a compelling value play for longer-term oriented investors."

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