BRP (NASDAQ:DOOO) Hits New 12-Month Low – Here’s Why

Shares of BRP Inc. (NASDAQ:DOOO) reached a new 52-week low during trading on Wednesday . The company traded as low as $47.36 and last traded at $47.72, with a volume of 17691 shares trading hands. The stock had previously closed at $48.13.

Analyst Ratings Changes

DOOO has been the subject of several research analyst reports. Scotiabank downgraded shares of BRP from a “sector outperform” rating to a “sector perform” rating in a report on Monday, September 9th. Desjardins downgraded shares of BRP from a “moderate buy” rating to a “hold” rating in a report on Sunday, September 8th. Stifel Nicolaus lowered BRP from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Cibc World Mkts downgraded BRP from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th. Finally, UBS Group lowered their price target on shares of BRP from $66.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Seven investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $97.00.

BRP Trading Down 0.6 %

The company has a debt-to-equity ratio of 4.99, a quick ratio of 0.37 and a current ratio of 1.32. The company has a market capitalization of $3.49 billion, a PE ratio of 19.89 and a beta of 2.07. The stock has a fifty day moving average of $56.86 and a 200 day moving average of $63.46.

BRP (NASDAQ:DOOO) last posted its quarterly earnings data on Friday, September 6th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.22 by $0.23. BRP had a net margin of 2.78% and a return on equity of 79.58%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.35 billion. As a group, sell-side analysts predict that BRP Inc. will post 2.3 earnings per share for the current fiscal year.

BRP Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were paid a dividend of $0.152 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.61 annualized dividend and a yield of 1.27%. BRP’s dividend payout ratio (DPR) is 25.73%.

Institutional Investors Weigh In On BRP

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its position in BRP by 753.8% in the 1st quarter. BNP Paribas Financial Markets now owns 6,002 shares of the company’s stock worth $403,000 after purchasing an additional 5,299 shares in the last quarter. Sei Investments Co. acquired a new position in shares of BRP in the 1st quarter valued at $5,376,000. Russell Investments Group Ltd. boosted its holdings in BRP by 77.7% during the first quarter. Russell Investments Group Ltd. now owns 12,870 shares of the company’s stock worth $865,000 after buying an additional 5,627 shares in the last quarter. Ontario Teachers Pension Plan Board grew its position in BRP by 18.5% during the first quarter. Ontario Teachers Pension Plan Board now owns 35,081 shares of the company’s stock valued at $2,357,000 after buying an additional 5,489 shares during the period. Finally, UniSuper Management Pty Ltd raised its position in shares of BRP by 66.7% in the first quarter. UniSuper Management Pty Ltd now owns 500 shares of the company’s stock worth $34,000 after acquiring an additional 200 shares during the period.

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.