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

BRP Inc. (TSE:DOO - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$77.23 and last traded at C$77.36, with a volume of 39820 shares changing hands. The stock had previously closed at C$78.43.

Wall Street Analysts Forecast Growth

Several research firms have commented on DOO. National Bank Financial downgraded shares of BRP from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 20th. Citigroup dropped their target price on BRP from C$110.00 to C$101.00 in a report on Monday, September 9th. Canaccord Genuity Group set a C$90.00 price objective on BRP and gave the company a "hold" rating in a research report on Wednesday, August 28th. BMO Capital Markets decreased their price target on shares of BRP from C$115.00 to C$100.00 in a research note on Monday, September 9th. Finally, Desjardins lowered BRP from a "moderate buy" rating to a "hold" rating in a research report on Sunday, September 8th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of C$96.00.

BRP Trading Up 0.7 %

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 company has a market capitalization of C$2.72 billion, a P/E ratio of 23.93, a PEG ratio of 2.05 and a beta of 2.28. The stock has a fifty day moving average of C$87.32 and a 200 day moving average of C$90.27.

BRP (TSE:DOO - Get Free Report) last released its earnings results on Friday, September 6th. The company reported C$0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.30 by C$0.31. The firm had revenue of C$1.84 billion during the quarter, compared to analyst estimates of C$1.85 billion. BRP had a net margin of 2.77% and a return on equity of 37.60%. As a group, equities research analysts anticipate that BRP Inc. will post 6.890971 EPS for the current fiscal year.

BRP Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.84 dividend on an annualized basis and a yield of 1.06%. BRP's dividend payout ratio is presently 25.45%.

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.