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

BRP Inc. (TSE:DOO)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$47.69 and last traded at C$50.43, with a volume of 101837 shares changing hands. The stock had previously closed at C$48.59.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DOO. Raymond James lowered their price objective on BRP from C$98.00 to C$65.00 in a research note on Thursday, March 27th. Citigroup lowered their price target on shares of BRP from C$41.00 to C$39.00 in a research report on Friday, March 28th. Scotiabank cut their price objective on shares of BRP from C$91.00 to C$86.00 and set a “sector perform” rating on the stock in a research report on Monday, December 9th. DA Davidson reduced their target price on shares of BRP from C$96.00 to C$88.00 in a research note on Tuesday, December 10th. Finally, BMO Capital Markets dropped their price target on shares of BRP from C$100.00 to C$70.00 in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$71.23.

BRP Trading Down 4.8 %

The company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37. The stock has a market capitalization of C$3.67 billion, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. The business has a 50 day simple moving average of C$59.48 and a 200-day simple moving average of C$68.95.

BRP Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 18th will be paid a dividend of $0.215 per share. The ex-dividend date of this dividend is Friday, April 4th. This is a positive change from BRP’s previous quarterly dividend of $0.21. This represents a $0.86 annualized dividend and a yield of 1.73%. BRP’s dividend payout ratio is currently 31.66%.

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.