BRP (TSE:DOO) Sets New 52-Week Low - Here's What Happened

BRP Inc. (TSE:DOO - Get Free Report) reached a new 52-week low on Thursday . The company traded as low as C$77.34 and last traded at C$77.78, with a volume of 43910 shares. The stock had previously closed at C$78.36.

Analyst Ratings Changes

Several brokerages recently commented on DOO. CIBC lowered shares of BRP from an "outperform" rating to a "neutral" rating and cut their price target for the stock from C$100.00 to C$92.00 in a report on Monday, September 9th. DA Davidson decreased their price target on shares of BRP from C$105.00 to C$96.00 and set a "buy" rating on the stock in a research note on Tuesday, September 10th. National Bank Financial lowered BRP from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 20th. BMO Capital Markets decreased their target price on BRP from C$115.00 to C$100.00 in a research report on Monday, September 9th. Finally, Scotiabank cut BRP from an "outperform" rating to a "sector perform" rating and dropped their price target for the stock from C$103.00 to C$91.00 in a research report on Monday, September 9th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of C$96.00.

BRP Stock Up 1.3 %

The business's 50 day moving average price is C$90.65 and its 200-day moving average price is C$90.59. The company has a debt-to-equity ratio of 545.75, a quick ratio of 0.20 and a current ratio of 1.32. The firm has a market capitalization of C$2.74 billion, a PE ratio of 23.89, a P/E/G ratio of 2.05 and a beta of 2.33.

BRP (TSE:DOO - Get Free Report) last posted its quarterly earnings data on Friday, September 6th. The company reported C$0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.30 by C$0.31. BRP had a return on equity of 37.60% and a net margin of 2.77%. The firm had revenue of C$1.84 billion for the quarter, compared to the consensus estimate of C$1.85 billion. As a group, equities research analysts forecast that BRP Inc. will post 5.7440056 earnings per share for the current year.

BRP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Friday, September 27th. BRP's dividend payout ratio is currently 25.45%.

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.