BRP (TSE:DOO) Sets New 1-Year Low – Time to Sell?

Shares of BRP Inc. (TSE:DOO) reached a new 52-week low during trading on Thursday . The company traded as low as C$57.27 and last traded at C$57.36, with a volume of 32619 shares trading hands. The stock had previously closed at C$57.97.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Raymond James cut their price objective on shares of BRP from C$100.00 to C$98.00 in a report on Monday, December 9th. DA Davidson cut their price objective on shares of BRP from C$96.00 to C$88.00 in a report on Tuesday, December 10th. CIBC cut their price objective on shares of BRP from C$92.00 to C$82.00 and set a “neutral” rating for the company in a report on Monday, December 9th. Canaccord Genuity Group cut their price objective on shares of BRP from C$88.00 to C$80.00 in a report on Wednesday, November 27th. Finally, TD Securities increased their price objective on shares of BRP from C$81.00 to C$83.00 and gave the company a “hold” rating in a report on Monday, December 9th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$87.17.

BRP Price 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’s fifty day moving average is C$68.63 and its two-hundred day moving average is C$75.32. The stock has a market cap of C$4.22 billion, a price-to-earnings ratio of 21.62, a P/E/G ratio of 2.05 and a beta of 2.28.

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.