BRP (TSE:DOO) Hits New 52-Week Low – Here’s Why

BRP Inc. (TSE:DOO) reached a new 52-week low on Wednesday . The stock traded as low as C$45.66 and last traded at C$46.07, with a volume of 121283 shares trading hands. The stock had previously closed at C$47.72.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Raymond James cut their price target on BRP from C$98.00 to C$65.00 in a report on Thursday, March 27th. Canaccord Genuity Group reduced their target price on BRP from C$80.00 to C$60.00 in a research report on Friday, March 21st. Stifel Nicolaus dropped their price objective on shares of BRP from C$78.00 to C$58.00 and set a “buy” rating for the company in a research note on Thursday, March 27th. National Bankshares decreased their price objective on BRP from C$84.00 to C$72.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 25th. Finally, Baird R W downgraded BRP from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$72.23.

BRP Price Performance

The stock has a fifty day moving average of C$54.49 and a 200-day moving average of C$66.23. The firm has a market capitalization of C$3.30 billion, a P/E ratio of 16.91, a PEG ratio of 2.05 and a beta of 2.28. The company has a quick ratio of 0.20, a current ratio of 1.37 and a debt-to-equity ratio of 573.79.

BRP Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 18th will be paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Friday, April 4th. This is a positive change from BRP’s previous quarterly dividend of $0.21. BRP’s dividend payout ratio is 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.