BRP (NASDAQ:DOOO) Reaches New 12-Month Low – Should You Sell?

BRP Inc. (NASDAQ:DOOO) hit a new 52-week low during trading on Wednesday . The company traded as low as $47.18 and last traded at $47.56, with a volume of 18801 shares traded. The stock had previously closed at $48.65.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on DOOO shares. Scotiabank cut shares of BRP from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, September 9th. Stifel Nicolaus cut shares of BRP from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Citigroup lowered their target price on shares of BRP from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, September 9th. National Bank Financial cut shares of BRP from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, August 21st. Finally, Cibc World Mkts cut shares of BRP from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th. Seven research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $97.00.

BRP Stock Performance

The company has a current ratio of 1.32, a quick ratio of 0.37 and a debt-to-equity ratio of 4.99. The firm has a fifty day moving average price of $55.11 and a 200 day moving average price of $62.64. The firm has a market cap of $3.53 billion, a PE ratio of 20.04 and a beta of 2.07.

BRP (NASDAQ:DOOO) last posted its quarterly earnings results on Friday, September 6th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.22 by $0.23. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.35 billion. BRP had a return on equity of 79.58% and a net margin of 2.78%. As a group, equities research analysts expect that BRP Inc. will post 2.3 earnings per share for the current fiscal year.

BRP Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a $0.152 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.61 annualized dividend and a yield of 1.26%. BRP’s dividend payout ratio (DPR) is currently 25.73%.

Institutional Trading of BRP

Several institutional investors and hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company raised its holdings in BRP by 13.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,226,226 shares of the company’s stock valued at $73,027,000 after buying an additional 150,039 shares during the period. The Manufacturers Life Insurance Company grew its position in BRP by 61.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,076,187 shares of the company’s stock valued at $68,850,000 after acquiring an additional 408,692 shares in the last quarter. American Century Companies Inc. grew its position in BRP by 45.6% in the 2nd quarter. American Century Companies Inc. now owns 1,072,168 shares of the company’s stock valued at $68,656,000 after acquiring an additional 335,715 shares in the last quarter. National Bank of Canada FI grew its position in BRP by 13.5% in the 2nd quarter. National Bank of Canada FI now owns 479,312 shares of the company’s stock valued at $30,455,000 after acquiring an additional 56,954 shares in the last quarter. Finally, QV Investors Inc. acquired a new position in BRP in the 2nd quarter valued at about $28,142,000.

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.