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

BRP Inc. (TSE:DOO) shares hit a new 52-week low on Wednesday . The stock traded as low as C$65.97 and last traded at C$66.53, with a volume of 29867 shares trading hands. The stock had previously closed at C$67.88.

Analysts Set New Price Targets

A number of research firms have commented on DOO. DA Davidson lowered their price objective on BRP from C$105.00 to C$96.00 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. Citigroup lowered their price objective on BRP from C$110.00 to C$101.00 in a research report on Monday, September 9th. BMO Capital Markets dropped their price objective on shares of BRP from C$115.00 to C$100.00 in a research note on Monday, September 9th. Desjardins cut BRP from a “moderate buy” rating to a “hold” rating in a research note on Sunday, September 8th. Finally, Royal Bank of Canada lowered their price target on shares of BRP from C$108.00 to C$99.00 in a report on Monday, September 9th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$95.46.

BRP Stock Down 2.1 %

The company has a debt-to-equity ratio of 545.75, a quick ratio of 0.20 and a current ratio of 1.32. The firm’s 50-day moving average is C$76.25 and its 200 day moving average is C$86.39. The firm has a market capitalization of C$2.29 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28.

BRP (TSE:DOO) last issued its earnings results on Friday, September 6th. The company reported C$0.61 EPS for the quarter, beating analysts’ consensus estimates of C$0.30 by C$0.31. The business had revenue of C$1.84 billion for the quarter, compared to the consensus estimate of C$1.85 billion. BRP had a net margin of 2.77% and a return on equity of 37.60%. As a group, research analysts forecast that BRP Inc. will post 6.890971 earnings per share for the current fiscal year.

BRP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Friday, September 27th. BRP’s dividend payout ratio is presently 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.