BRP (TSE:DOO) Hits New 1-Year Low – Here’s Why

Shares of BRP Inc. (TSE:DOO) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$52.51 and last traded at C$54.40, with a volume of 39040 shares changing hands. The stock had previously closed at C$55.50.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on DOO shares. National Bankshares dropped their target price on shares of BRP from C$84.00 to C$72.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 25th. CIBC dropped their target price on shares of BRP from C$92.00 to C$82.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. Stifel Nicolaus dropped their target price on shares of BRP from C$82.00 to C$78.00 and set a “hold” rating on the stock in a report on Monday, December 9th. Citigroup cut shares of BRP from a “buy” rating to a “neutral” rating and lowered their price target for the company from C$90.00 to C$70.00 in a report on Monday, February 3rd. Finally, Raymond James lowered their price target on shares of BRP from C$100.00 to C$98.00 in a report on Monday, December 9th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, BRP has an average rating of “Hold” and a consensus target price of C$86.08.

BRP Stock Performance

The company has a current ratio of 1.37, a quick ratio of 0.20 and a debt-to-equity ratio of 573.79. The company has a market cap of C$3.93 billion, a P/E ratio of 20.12, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. The company has a 50 day moving average price of C$64.26 and a 200-day moving average price of C$71.99.

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.