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

BRP Inc. (TSE:DOO)’s stock price hit a new 52-week low on Thursday . The company traded as low as C$69.10 and last traded at C$69.39, with a volume of 84805 shares. The stock had previously closed at C$71.29.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on DOO shares. CIBC lowered BRP from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from C$100.00 to C$92.00 in a research note on Monday, September 9th. Scotiabank lowered BRP from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$103.00 to C$91.00 in a research note on Monday, September 9th. National Bankshares lifted their price target on BRP from C$89.00 to C$93.00 in a report on Friday, October 18th. Citigroup dropped their target price on BRP from C$110.00 to C$101.00 in a research report on Monday, September 9th. Finally, Stifel Nicolaus lowered their target price on shares of BRP from C$97.00 to C$82.00 in a report on Monday, September 9th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$95.46.

BRP Price Performance

The stock has a market capitalization of C$2.40 billion, a P/E ratio of 21.07, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. The business’s 50 day simple moving average is C$82.52 and its two-hundred day simple moving average is C$88.80. The company has a quick ratio of 0.20, a current ratio of 1.32 and a debt-to-equity ratio of 545.75.

BRP (TSE:DOO) last issued its quarterly earnings results on Friday, September 6th. The company reported C$0.61 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.30 by C$0.31. BRP had a net margin of 2.77% and a return on equity of 37.60%. The company had revenue of C$1.84 billion for the quarter, compared to the consensus estimate of C$1.85 billion. As a group, sell-side analysts forecast 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 given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.21%. The ex-dividend date was Friday, September 27th. BRP’s payout ratio is 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.