BRP (TSE:DOO) Reaches New 52-Week Low - Here's Why

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$47.00 and last traded at C$47.66, with a volume of 124076 shares traded. The stock had previously closed at C$50.82.

Analyst Ratings Changes

DOO has been the topic of a number of research reports. National Bankshares lowered their target price on shares of BRP from C$84.00 to C$72.00 and set a "sector perform" rating on the stock in a research report on Tuesday, February 25th. CIBC decreased their target price on BRP from C$82.00 to C$64.00 in a research report on Thursday, March 27th. Royal Bank of Canada cut their price objective on BRP from C$99.00 to C$69.00 in a research report on Friday, March 28th. Citigroup upgraded shares of BRP from a "sell" rating to a "neutral" rating and lifted their price target for the stock from C$39.00 to C$52.00 in a report on Friday, April 4th. Finally, Stifel Nicolaus decreased their price target on BRP from C$78.00 to C$58.00 and set a "buy" rating on the stock in a research note on Thursday, March 27th. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of C$72.23.

BRP Trading Up 1.0 %

The firm has a market capitalization of C$3.75 billion, a P/E ratio of 19.19, a P/E/G ratio of 2.05 and a beta of 2.28. The company has a current ratio of 1.37, a quick ratio of 0.20 and a debt-to-equity ratio of 573.79. The firm has a 50-day moving average of C$55.68 and a two-hundred day moving average of C$67.08.

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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. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Friday, April 4th. This is a positive change from BRP's previous quarterly dividend of $0.21. BRP's payout ratio is 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.