BRP (TSE:DOO) Reaches New 12-Month Low - What's Next?

BRP Inc. (TSE:DOO - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$43.88 and last traded at C$45.37, with a volume of 311065 shares changing hands. The stock had previously closed at C$44.87.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DOO. TD Securities cut their price objective on shares of BRP from C$70.00 to C$65.00 and set a "hold" rating on the stock in a research report on Thursday, March 27th. Royal Bank of Canada decreased their price objective on shares of BRP from C$99.00 to C$69.00 in a research note on Friday, March 28th. National Bankshares cut their target price on BRP from C$84.00 to C$72.00 and set a "sector perform" rating on the stock in a research note on Tuesday, February 25th. BMO Capital Markets decreased their price target on BRP from C$100.00 to C$70.00 in a research note on Thursday, March 27th. Finally, Citigroup raised BRP from a "sell" rating to a "neutral" rating and upped their price objective for the company from C$39.00 to C$52.00 in a research report on Friday, April 4th. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of C$70.64.

BRP Stock Performance

The firm's fifty day moving average price is C$52.78 and its 200 day moving average price is C$64.85. The firm has a market cap of C$3.52 billion, a P/E ratio of 18.02, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. The company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37.

BRP Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, April 18th were paid a $0.215 dividend. This is an increase from BRP's previous quarterly dividend of $0.21. The ex-dividend date was Friday, April 4th. This represents a $0.86 dividend on an annualized basis and a yield of 1.80%. BRP's payout ratio 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.