BRP (NASDAQ:DOOO) Reaches New 52-Week Low – Time to Sell?

by · The Cerbat Gem

BRP Inc. (NASDAQ:DOOO – Get Free Report) shares reached a new 52-week low on Monday . The company traded as low as $56.06 and last traded at $56.06, with a volume of 24723 shares traded. The stock had previously closed at $57.50.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Scotiabank lowered BRP from a “sector outperform” rating to a “sector perform” rating in a report on Monday, September 9th. Desjardins downgraded BRP from a “moderate buy” rating to a “hold” rating in a research report on Sunday, September 8th. Citigroup cut their price objective on BRP from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, September 9th. National Bank Financial cut BRP from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, August 21st. Finally, Cibc World Mkts cut shares of BRP from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th. Seven analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $97.00.

Get Our Latest Stock Analysis on BRP

BRP Stock Performance

The stock has a market capitalization of $3.79 billion, a P/E ratio of 9.34 and a beta of 2.06. The company has a quick ratio of 0.37, a current ratio of 1.32 and a debt-to-equity ratio of 4.99. The company has a 50-day moving average price of $62.76 and a two-hundred day moving average price of $65.59.

BRP (NASDAQ:DOOO – Get Free Report) last posted its earnings results on Friday, September 6th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.23. BRP had a net margin of 2.78% and a return on equity of 79.58%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.35 billion. Equities analysts expect that BRP Inc. will post 2.21 earnings per share for the current year.

BRP Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a $0.152 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.61 annualized dividend and a dividend yield of 1.19%. BRP’s payout ratio is currently 11.21%.

Institutional Investors Weigh In On BRP

Hedge funds have recently bought and sold shares of the stock. Addenda Capital Inc. increased its stake in BRP by 5.3% in the first quarter. Addenda Capital Inc. now owns 10,583 shares of the company’s stock valued at $710,000 after acquiring an additional 528 shares during the last quarter. Trivant Custom Portfolio Group LLC bought a new stake in BRP in the 1st quarter worth approximately $50,000. BNP Paribas Financial Markets grew its position in BRP by 753.8% during the first quarter. BNP Paribas Financial Markets now owns 6,002 shares of the company’s stock valued at $403,000 after acquiring an additional 5,299 shares during the last quarter. Mediolanum International Funds Ltd purchased a new position in shares of BRP during the first quarter worth approximately $3,178,000. Finally, Sei Investments Co. purchased a new stake in shares of BRP in the 1st quarter valued at $5,376,000.

BRP Company Profile

(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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