BRP (TSE:DOO) Reaches New 1-Year Low – Here’s Why

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. DA Davidson reduced their target price on shares of BRP from C$105.00 to C$96.00 and set a “buy” rating for the company in a report on Tuesday, September 10th. Desjardins downgraded BRP from a “moderate buy” rating to a “hold” rating in a research report on Sunday, September 8th. Royal Bank of Canada dropped their target price on BRP from C$108.00 to C$99.00 in a report on Monday, September 9th. Stifel Nicolaus decreased their price target on BRP from C$97.00 to C$82.00 in a research note on Monday, September 9th. Finally, National Bankshares upped their price objective on BRP from C$89.00 to C$93.00 in a research note on Friday, October 18th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$95.46.

BRP Stock Down 0.4 %

The stock’s fifty day simple moving average is C$79.60 and its 200-day simple moving average is C$87.58. The stock has a market cap of C$2.31 billion, a P/E ratio of 20.48, a P/E/G ratio of 2.05 and a beta of 2.28. The company has a debt-to-equity ratio of 545.75, a quick ratio of 0.20 and a current ratio of 1.32.

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

BRP Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Friday, September 27th. BRP’s payout ratio 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.