BRP (TSE:DOO) Reaches New 52-Week Low – What’s Next?

BRP Inc. (TSE:DOO)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as C$67.99 and last traded at C$68.71, with a volume of 82238 shares trading hands. The stock had previously closed at C$70.08.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on DOO shares. DA Davidson decreased 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. National Bank Financial downgraded BRP from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 20th. BMO Capital Markets decreased their price objective on BRP from C$115.00 to C$100.00 in a report on Monday, September 9th. Canaccord Genuity Group set a C$90.00 price objective on BRP and gave the stock a “hold” rating in a report on Wednesday, August 28th. Finally, Royal Bank of Canada decreased their price objective on BRP from C$108.00 to C$99.00 in a report on Monday, September 9th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, BRP currently has an average rating of “Hold” and a consensus price target of C$95.46.

BRP Price Performance

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 company has a market capitalization of C$2.34 billion, a PE ratio of 21.24, a PEG ratio of 2.05 and a beta of 2.28. The firm has a 50-day moving average of C$81.08 and a 200 day moving average of C$88.20.

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

BRP Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.24%. The ex-dividend date was Friday, September 27th. BRP’s dividend payout ratio (DPR) is presently 25.45%.

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.