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

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

Analyst Ratings Changes

A number of equities analysts have weighed in on DOO shares. Scotiabank decreased their price objective on shares of BRP from C$91.00 to C$86.00 and set a "sector perform" rating for the company in a research report on Monday, December 9th. CIBC dropped their price objective on BRP from C$82.00 to C$64.00 in a report on Thursday, March 27th. National Bankshares reduced their target price on BRP from C$84.00 to C$72.00 and set a "sector perform" rating for the company in a research note on Tuesday, February 25th. Canaccord Genuity Group dropped their price target on shares of BRP from C$80.00 to C$60.00 in a research note on Friday, March 21st. Finally, Royal Bank of Canada reduced their target price on BRP from C$99.00 to C$69.00 in a report on Friday, March 28th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of C$72.23.

BRP Stock Performance

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 firm has a 50 day moving average of C$58.43 and a 200-day moving average of C$68.46. The stock has a market capitalization of C$3.70 billion, a PE ratio of 18.97, a P/E/G ratio of 2.05 and a beta of 2.28.

BRP Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 18th will be given a $0.215 dividend. The ex-dividend date is Friday, April 4th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.71%. This is a boost from BRP's previous quarterly dividend of $0.21. BRP's payout ratio is currently 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.