BRP (TSE:DOO) Reaches New 52-Week Low - Time to Sell?

BRP Inc. (TSE:DOO - Get Free Report) shares reached a new 52-week low during trading on Tuesday . The company traded as low as C$47.69 and last traded at C$50.43, with a volume of 101837 shares changing hands. The stock had previously closed at C$48.59.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DOO. Raymond James cut their price objective on BRP from C$98.00 to C$65.00 in a research report on Thursday, March 27th. TD Securities decreased their price objective on shares of BRP from C$70.00 to C$65.00 and set a "hold" rating for the company in a report on Thursday, March 27th. BMO Capital Markets reduced their price target on shares of BRP from C$100.00 to C$70.00 in a research report on Thursday, March 27th. Canaccord Genuity Group lowered their price objective on shares of BRP from C$80.00 to C$60.00 in a report on Friday, March 21st. Finally, CIBC reduced their target price on BRP from C$82.00 to C$64.00 in a report on Thursday, March 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of C$71.23.

BRP Stock Down 1.9 %

The company has a market capitalization of C$3.58 billion, a PE ratio of 18.36, a P/E/G 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. The company's 50-day moving average is C$58.94 and its 200 day moving average is C$68.71.

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BRP Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 18th will be issued a $0.215 dividend. This is a positive change from BRP's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.77%. BRP's dividend payout ratio (DPR) is presently 31.66%.

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.