BRP Inc. (TSE:DOO - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$70.30 and last traded at C$70.35, with a volume of 12062 shares traded. The stock had previously closed at C$71.35.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the company. Citigroup reduced their price objective on BRP from C$110.00 to C$101.00 in a research note on Monday, September 9th. Cibc World Mkts cut shares of BRP from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 9th. Stifel Nicolaus dropped their price objective on shares of BRP from C$97.00 to C$82.00 in a research note on Monday, September 9th. National Bankshares increased their target price on shares of BRP from C$89.00 to C$93.00 in a research note on Friday, October 18th. Finally, Canaccord Genuity Group set a C$90.00 price target on BRP and gave the stock a "hold" rating in a report on Wednesday, August 28th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, BRP currently has a consensus rating of "Hold" and an average price target of C$95.46.
Read Our Latest Stock Report on BRP
BRP Trading Down 0.9 %
The company has a quick ratio of 0.20, a current ratio of 1.32 and a debt-to-equity ratio of 545.75. The stock has a market cap of C$2.44 billion, a PE ratio of 21.44, a P/E/G ratio of 2.05 and a beta of 2.28. The business's fifty day moving average is C$85.51 and its 200 day moving average is C$89.99.
BRP (TSE:DOO - Get Free Report) last released its quarterly earnings results on Friday, September 6th. The company reported C$0.61 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of C$1.84 billion for the quarter, compared to analysts' expectations of C$1.85 billion. As a group, analysts predict that BRP Inc. will post 6.890971 earnings per share for the current year.
BRP Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Friday, September 27th. BRP's dividend payout ratio is currently 25.45%.
About BRP
(
Get Free Report)
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.
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