BRP (NASDAQ:DOOO) Reaches New 1-Year Low - What's Next?

BRP Inc. (NASDAQ:DOOO - Get Free Report) shares hit a new 52-week low on Wednesday . The stock traded as low as $40.82 and last traded at $40.81, with a volume of 1499 shares trading hands. The stock had previously closed at $41.49.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered 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's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $97.00.

BRP Stock Performance

The stock's fifty day simple moving average is $49.49 and its two-hundred day simple moving average is $55.05. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 23.24 and a beta of 2.02. 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 issued its earnings results on Friday, December 6th. The company reported $0.85 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.35. BRP had a return on equity of 61.20% and a net margin of 2.29%. Equities research analysts anticipate that BRP Inc. will post 3.15 EPS for the current year.

BRP Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a dividend of $0.1485 per share. This represents a $0.59 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Tuesday, December 31st. BRP's dividend payout ratio (DPR) is presently 30.85%.

Institutional Investors Weigh In On BRP

Several institutional investors have recently bought and sold shares of DOOO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of BRP by 0.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,827 shares of the company's stock valued at $1,823,000 after acquiring an additional 293 shares during the period. US Bancorp DE raised its position in BRP by 350.0% in the third quarter. US Bancorp DE now owns 414 shares of the company's stock valued at $25,000 after purchasing an additional 322 shares during the period. Quantbot Technologies LP lifted its stake in shares of BRP by 9.7% during the third quarter. Quantbot Technologies LP now owns 3,827 shares of the company's stock worth $228,000 after purchasing an additional 337 shares in the last quarter. Dnca Finance boosted its position in shares of BRP by 36.1% in the fourth 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, Quadrant Capital Group LLC grew its stake in shares of BRP by 259.3% in the fourth quarter. Quadrant Capital Group LLC now owns 679 shares of the company's stock valued at $35,000 after buying an additional 490 shares in the last quarter.

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.