BRP (TSE:DOO) Reaches New 1-Year Low – Should You Sell?

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$53.02 and last traded at C$54.39, with a volume of 291052 shares changing hands. The stock had previously closed at C$55.26.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DOO. DA Davidson lowered their price objective on shares of BRP from C$96.00 to C$88.00 in a research report on Tuesday, December 10th. National Bankshares lowered their price objective on shares of BRP from C$84.00 to C$72.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 25th. Citigroup downgraded shares of BRP from a “buy” rating to a “neutral” rating and lowered their price objective for the company from C$90.00 to C$70.00 in a research report on Monday, February 3rd. Canaccord Genuity Group decreased their price target on shares of BRP from C$88.00 to C$80.00 in a research report on Wednesday, November 27th. Finally, TD Securities raised their price target on shares of BRP from C$81.00 to C$83.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, BRP presently has a consensus rating of “Hold” and an average target price of C$87.17.

BRP Price Performance

The stock has a 50 day moving average of C$67.92 and a two-hundred day moving average of C$74.74. The stock has a market cap of C$4.00 billion, a PE ratio of 20.50, a PEG ratio of 2.05 and a beta of 2.28. The company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37.

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.