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

BRP Inc. (TSE:DOO) shares reached a new 52-week low on Tuesday . The company traded as low as C$43.88 and last traded at C$45.37, with a volume of 311065 shares trading hands. The stock had previously closed at C$44.87.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DOO. Baird R W downgraded BRP from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Citigroup upgraded shares of BRP from a “sell” rating to a “neutral” rating and boosted their target price for the company from C$39.00 to C$52.00 in a research note on Friday, April 4th. BMO Capital Markets dropped their target price on BRP from C$100.00 to C$70.00 in a research report on Thursday, March 27th. Stifel Nicolaus dropped their price objective 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. Finally, CIBC dropped their target price on shares of BRP from C$82.00 to C$64.00 in a report on Thursday, March 27th. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$70.64.

BRP Stock Up 2.4 %

The company has a quick ratio of 0.20, a current ratio of 1.37 and a debt-to-equity ratio of 573.79. The firm has a market capitalization of C$3.42 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. The business’s 50-day moving average price is C$53.33 and its 200-day moving average price is C$65.20.

BRP Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, April 18th were issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.85%. This is a positive change from BRP’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, April 4th. BRP’s dividend payout ratio (DPR) 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.