BRP (NASDAQ:DOOO) Sets New 52-Week Low – Should You Sell?

BRP Inc. (NASDAQ:DOOO) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $36.63 and last traded at $37.56, with a volume of 201349 shares trading hands. The stock had previously closed at $38.10.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut shares of BRP from a “buy” rating to a “neutral” rating in a research note on Monday, February 3rd. Seven research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $97.00.

BRP Stock Up 2.3 %

The firm’s fifty day simple moving average is $47.07 and its two-hundred day simple moving average is $53.05. The company has a current ratio of 1.37, a quick ratio of 0.57 and a debt-to-equity ratio of 5.19. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 21.52 and a beta of 2.03.

BRP (NASDAQ:DOOO) last issued its quarterly earnings data on Friday, December 6th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.50 by $0.35. BRP had a net margin of 2.29% and a return on equity of 61.20%. Sell-side analysts anticipate that BRP Inc. will post 3.15 EPS for the current year.

Hedge Funds Weigh In On BRP

Large investors have recently made changes to their positions in the stock. US Bancorp DE lifted its holdings in shares of BRP by 350.0% in the 3rd quarter. US Bancorp DE now owns 414 shares of the company’s stock worth $25,000 after acquiring an additional 322 shares during the last quarter. Quadrant Capital Group LLC increased its stake in BRP by 259.3% during the 4th quarter. Quadrant Capital Group LLC now owns 679 shares of the company’s stock worth $35,000 after buying an additional 490 shares during the period. Signaturefd LLC increased its stake in BRP by 296.1% during the 4th quarter. Signaturefd LLC now owns 1,208 shares of the company’s stock worth $61,000 after buying an additional 903 shares during the period. Dnca Finance increased its stake in BRP by 36.1% during the 4th quarter. Dnca Finance now owns 1,390 shares of the company’s stock worth $71,000 after buying an additional 369 shares during the period. Finally, C M Bidwell & Associates Ltd. purchased a new stake in BRP during the 4th quarter worth approximately $77,000.

BRP Company Profile

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.