BRP (TSE:DOO) Reaches New 12-Month Low – What’s Next?

BRP Inc. (TSE:DOO) hit a new 52-week low during trading on Tuesday . The stock traded as low as C$47.69 and last traded at C$50.43, with a volume of 101837 shares trading hands. The stock had previously closed at C$48.59.

Analyst Upgrades and Downgrades

DOO has been the subject of a number of recent analyst reports. National Bankshares decreased their price target on BRP from C$84.00 to C$72.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 25th. CIBC dropped their target price on shares of BRP from C$82.00 to C$64.00 in a research report on Thursday, March 27th. Stifel Nicolaus reduced their price target on shares of BRP from C$78.00 to C$58.00 and set a “buy” rating for the company in a research report on Thursday, March 27th. Raymond James decreased their price objective on shares of BRP from C$98.00 to C$65.00 in a research note on Thursday, March 27th. Finally, DA Davidson cut their target price on shares of BRP from C$96.00 to C$88.00 in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$71.23.

BRP Stock Performance

The firm has a market cap of C$3.67 billion, a price-to-earnings ratio of 18.79, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. The firm’s 50 day moving average is C$59.48 and its 200-day moving average is C$68.95. The company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37.

BRP Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 18th will be given a $0.215 dividend. The ex-dividend date is Friday, April 4th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.73%. This is a boost from BRP’s previous quarterly dividend of $0.21. BRP’s payout ratio is currently 31.66%.

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.