BRP (TSE:DOO) Hits New 52-Week Low – Should You Sell?

BRP Inc. (TSE:DOO)’s stock price reached a new 52-week low on Friday . The stock traded as low as C$58.28 and last traded at C$58.78, with a volume of 24143 shares trading hands. The stock had previously closed at C$59.53.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DOO shares. National Bankshares decreased their price objective on BRP from C$93.00 to C$84.00 in a research report on Thursday, November 21st. DA Davidson reduced their price target on shares of BRP from C$96.00 to C$88.00 in a report on Tuesday, December 10th. TD Securities raised their price objective on shares of BRP from C$81.00 to C$83.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Scotiabank reduced their target price on shares of BRP from C$91.00 to C$86.00 and set a “sector perform” rating for the company in a research note on Monday, December 9th. Finally, Citigroup cut BRP from a “buy” rating to a “neutral” rating and lowered their target price for the stock from C$90.00 to C$70.00 in a report on Monday, February 3rd. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, BRP has a consensus rating of “Hold” and a consensus price target of C$88.17.

BRP Stock Performance

The company has a market capitalization of C$4.28 billion, a price-to-earnings ratio of 21.92, a P/E/G ratio of 2.05 and a beta of 2.28. The stock’s 50 day moving average price is C$70.23 and its 200 day moving average price is C$76.58. The company has a current ratio of 1.37, a quick ratio of 0.20 and a debt-to-equity ratio of 573.79.

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.