BRP (TSE:DOO) Reaches New 52-Week Low – Here’s What Happened

Shares of BRP Inc. (TSE:DOO) reached a new 52-week low on Wednesday . The company traded as low as C$70.30 and last traded at C$70.35, with a volume of 12062 shares. The stock had previously closed at C$71.35.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. BMO Capital Markets dropped their price target on BRP from C$115.00 to C$100.00 in a research note on Monday, September 9th. Stifel Nicolaus lowered their price objective on BRP from C$97.00 to C$82.00 in a research note on Monday, September 9th. Scotiabank downgraded BRP from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$103.00 to C$91.00 in a research note on Monday, September 9th. Desjardins downgraded BRP from a “moderate buy” rating to a “hold” rating in a research note on Sunday, September 8th. Finally, CIBC downgraded BRP from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from C$100.00 to C$92.00 in a research note on Monday, September 9th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$95.46.

BRP Stock Down 1.6 %

The company has a quick ratio of 0.20, a current ratio of 1.32 and a debt-to-equity ratio of 545.75. The stock has a 50-day simple moving average of C$86.02 and a 200-day simple moving average of C$90.09. The firm has a market capitalization of C$2.42 billion, a PE ratio of 21.62, a P/E/G ratio of 2.05 and a beta of 2.28.

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

BRP Announces Dividend

The company also recently announced 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 yield of 1.20%. The ex-dividend date of this dividend was Friday, September 27th. BRP’s dividend payout ratio is currently 25.45%.

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.