BRP (TSE:DOO) Sets New 12-Month Low – Here’s Why

Shares of BRP Inc. (TSE:DOO) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$67.99 and last traded at C$68.71, with a volume of 82238 shares. The stock had previously closed at C$70.08.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets decreased their price target on shares of BRP from C$115.00 to C$100.00 in a research note on Monday, September 9th. Scotiabank downgraded shares of BRP from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from C$103.00 to C$91.00 in a report on Monday, September 9th. Canaccord Genuity Group set a C$90.00 price objective on shares of BRP and gave the stock a “hold” rating in a report on Wednesday, August 28th. Royal Bank of Canada cut their price target on shares of BRP from C$108.00 to C$99.00 in a report on Monday, September 9th. Finally, Citigroup cut their price target on shares of BRP from C$110.00 to C$101.00 in a report on Monday, September 9th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$95.46.

BRP Stock Performance

The company has a market cap of C$2.37 billion, a PE ratio of 20.85, a PEG ratio of 2.05 and a beta of 2.28. The business’s 50-day moving average is C$80.07 and its 200 day moving average is C$87.77. 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 released its quarterly earnings data on Friday, September 6th. The company reported C$0.61 earnings per share (EPS) for the quarter, beating 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 firm had revenue of C$1.84 billion for the quarter, compared to analysts’ expectations of C$1.85 billion. On average, equities research analysts predict that BRP Inc. will post 6.890971 EPS for the current fiscal year.

BRP Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend 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.