BRP (TSE:DOO) Reaches New 1-Year Low - Should You Sell?

BRP Inc. (TSE:DOO - Get Free Report) shares reached a new 52-week low on Wednesday . The stock traded as low as C$45.66 and last traded at C$46.07, with a volume of 121283 shares trading hands. The stock had previously closed at C$47.72.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. BMO Capital Markets dropped their price objective on shares of BRP from C$100.00 to C$70.00 in a research report on Thursday, March 27th. Citigroup upgraded BRP from a "sell" rating to a "neutral" rating and boosted their target price for the stock from C$39.00 to C$52.00 in a research report on Friday, April 4th. Raymond James decreased their price target on BRP from C$98.00 to C$65.00 in a report on Thursday, March 27th. National Bankshares dropped their price objective on BRP from C$84.00 to C$72.00 and set a "sector perform" rating for the company in a report on Tuesday, February 25th. Finally, Royal Bank of Canada reduced their target price on shares of BRP from C$99.00 to C$69.00 in a research note on Friday, March 28th. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, BRP has a consensus rating of "Hold" and a consensus target price of C$72.23.

BRP Stock Performance

The company has a fifty day moving average price of C$54.21 and a two-hundred day moving average price of C$65.99. The company has a debt-to-equity ratio of 573.79, a current ratio of 1.37 and a quick ratio of 0.20. The company has a market capitalization of C$3.30 billion, a P/E ratio of 16.91, a PEG ratio of 2.05 and a beta of 2.28.

BRP Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, April 18th were given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.92%. This is an increase from BRP's previous quarterly dividend of $0.21. The ex-dividend date was Friday, April 4th. BRP's dividend payout ratio (DPR) is 31.66%.

About BRP

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.