BRP (TSE:DOO) Sets New 1-Year Low – What’s Next?

BRP Inc. (TSE:DOO) hit a new 52-week low during trading on Wednesday . The company traded as low as C$70.30 and last traded at C$70.35, with a volume of 12062 shares changing hands. The stock had previously closed at C$71.35.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Citigroup decreased their price objective on BRP from C$110.00 to C$101.00 in a report on Monday, September 9th. DA Davidson reduced their target price on BRP from C$105.00 to C$96.00 and set a “buy” rating on the stock in a report on Tuesday, September 10th. Royal Bank of Canada reduced their target price on BRP from C$108.00 to C$99.00 in a report on Monday, September 9th. National Bank Financial lowered BRP from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 20th. Finally, Scotiabank lowered BRP from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$103.00 to C$91.00 in a report on Monday, September 9th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, BRP currently has an average rating of “Hold” and an average price target of C$95.46.

BRP Trading Down 0.1 %

The company has a current ratio of 1.32, a quick ratio of 0.20 and a debt-to-equity ratio of 545.75. The firm has a market capitalization of C$2.44 billion, a P/E ratio of 21.41, a P/E/G ratio of 2.05 and a beta of 2.28. The firm has a 50-day moving average of C$85.05 and a two-hundred day moving average of C$89.88.

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

BRP Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.84 annualized dividend and a yield of 1.19%. BRP’s dividend payout ratio is presently 25.45%.

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.