BRP (TSE:DOO) Sets New 52-Week Low – Here’s What Happened

BRP Inc. (TSE:DOO) shares reached a new 52-week low on Wednesday . The stock traded as low as C$66.27 and last traded at C$66.94, with a volume of 24682 shares traded. The stock had previously closed at C$67.14.

Analyst Ratings Changes

Several research firms have recently weighed in on DOO. Scotiabank lowered BRP from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$103.00 to C$91.00 in a research note on Monday, September 9th. Cibc World Mkts lowered BRP from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th. BMO Capital Markets reduced their target price on BRP from C$115.00 to C$100.00 in a report on Monday, September 9th. Citigroup reduced their target price on BRP from C$110.00 to C$101.00 in a report on Monday, September 9th. Finally, DA Davidson reduced their target price on BRP from C$105.00 to C$96.00 and set a “buy” rating for the company in a report on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$95.46.

BRP Trading Up 0.3 %

The company has a debt-to-equity ratio of 545.75, a current ratio of 1.32 and a quick ratio of 0.20. The firm has a market capitalization of C$2.31 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. The company has a fifty day moving average of C$78.47 and a 200-day moving average of C$87.14.

BRP (TSE:DOO) last posted its earnings results on Friday, September 6th. The company reported C$0.61 EPS for the quarter, topping the consensus estimate of C$0.30 by C$0.31. The firm had revenue of C$1.84 billion for the quarter, compared to the consensus estimate of C$1.85 billion. BRP had a net margin of 2.77% and a return on equity of 37.60%. On average, sell-side analysts anticipate that BRP Inc. will post 6.890971 earnings per share for the current fiscal year.

BRP Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Friday, September 27th. BRP’s payout ratio is 25.45%.

BRP Company Profile

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.