Shares of BRP Inc. (NASDAQ:DOOO - Get Free Report) hit a new 52-week low during trading on Tuesday . The stock traded as low as $32.24 and last traded at $33.11, with a volume of 246343 shares changing hands. The stock had previously closed at $35.69.
Analysts Set New Price Targets
DOOO has been the subject of several analyst reports. Citigroup upgraded shares of BRP from a "sell" rating to a "neutral" rating and raised their price target for the stock from $27.00 to $37.00 in a report on Friday, April 4th. Baird R W lowered shares of BRP from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Robert W. Baird reaffirmed a "neutral" rating and set a $43.00 price target (down previously from $48.00) on shares of BRP in a research report on Friday, April 4th. TD Securities reissued a "hold" rating on shares of BRP in a research report on Thursday, March 27th. Finally, Raymond James restated a "strong-buy" rating on shares of BRP in a research report on Thursday, March 27th. Ten research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, BRP has an average rating of "Hold" and an average price target of $61.25.
Read Our Latest Analysis on DOOO
BRP Stock Performance
The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 19.49 and a beta of 1.71. The company has a 50 day moving average price of $38.97 and a 200 day moving average price of $47.44. The company has a debt-to-equity ratio of 5.19, a quick ratio of 0.57 and a current ratio of 1.37.
BRP (NASDAQ:DOOO - Get Free Report) last announced its quarterly earnings data on Wednesday, March 26th. The company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.07. BRP had a return on equity of 61.20% and a net margin of 2.29%. The firm had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.97 billion. Equities research analysts predict that BRP Inc. will post 3.15 earnings per share for the current fiscal year.
BRP Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 4th will be paid a $0.1508 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.65%. This is a positive change from BRP's previous quarterly dividend of $0.15. The ex-dividend date is Friday, April 4th. BRP's dividend payout ratio (DPR) is -29.21%.
Institutional Investors Weigh In On BRP
Hedge funds and other institutional investors have recently made changes to their positions in the business. Capital World Investors boosted its stake in BRP by 101.2% during the 4th quarter. Capital World Investors now owns 1,971,033 shares of the company's stock valued at $100,386,000 after purchasing an additional 991,392 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in shares of BRP by 71.7% in the fourth quarter. Mackenzie Financial Corp now owns 1,639,265 shares of the company's stock valued at $83,399,000 after purchasing an additional 684,651 shares in the last quarter. Turtle Creek Asset Management Inc. boosted its position in shares of BRP by 29.0% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 2,970,680 shares of the company's stock valued at $151,118,000 after buying an additional 668,607 shares during the last quarter. FIL Ltd grew its holdings in BRP by 176.2% during the fourth quarter. FIL Ltd now owns 792,000 shares of the company's stock worth $40,337,000 after buying an additional 505,228 shares in the last quarter. Finally, Norges Bank purchased a new stake in BRP in the 4th quarter valued at $15,259,000.
BRP Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider BRP, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BRP wasn't on the list.
While BRP currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
