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

BRP Inc. (TSE:DOO)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$66.27 and last traded at C$66.94, with a volume of 24682 shares trading hands. The stock had previously closed at C$67.14.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Canaccord Genuity Group set a C$90.00 price target on BRP and gave the company a “hold” rating in a research report on Wednesday, August 28th. DA Davidson lowered their price target on BRP from C$105.00 to C$96.00 and set a “buy” rating on the stock in a research report on Tuesday, September 10th. Stifel Nicolaus lowered their price target on BRP from C$97.00 to C$82.00 in a research report on Monday, September 9th. CIBC downgraded BRP from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from C$100.00 to C$92.00 in a research report on Monday, September 9th. Finally, Citigroup decreased their target price on BRP from C$110.00 to C$101.00 in a research report on Monday, September 9th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$95.46.

BRP Trading Up 0.3 %

The stock has a market cap of C$2.31 billion, a P/E ratio of 20.32, a PEG ratio of 2.05 and a beta of 2.28. The company has a debt-to-equity ratio of 545.75, a current ratio of 1.32 and a quick ratio of 0.20. The business’s 50 day simple moving average is C$78.47 and its 200 day simple moving average is C$87.14.

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

BRP Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Friday, September 27th. BRP’s dividend payout ratio (DPR) is currently 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.