BRP (TSE:DOO) Reaches New 12-Month Low - Time to Sell?

BRP Inc. (TSE:DOO - Get Free Report)'s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as C$45.66 and last traded at C$46.07, with a volume of 121283 shares traded. The stock had previously closed at C$47.72.

Analysts Set New Price Targets

Several analysts have commented on DOO shares. Stifel Nicolaus lowered their price target on BRP from C$78.00 to C$58.00 and set a "buy" rating for the company in a report on Thursday, March 27th. CIBC cut their price target on BRP from C$82.00 to C$64.00 in a report on Thursday, March 27th. TD Securities cut their price objective on shares of BRP from C$70.00 to C$65.00 and set a "hold" rating on the stock in a research note on Thursday, March 27th. Royal Bank of Canada lowered their price objective on shares of BRP from C$99.00 to C$69.00 in a research note on Friday, March 28th. Finally, Citigroup upgraded shares of BRP from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from C$39.00 to C$52.00 in a research report on Friday, April 4th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of C$72.23.

BRP Trading Up 1.1 %

The firm has a market cap of C$3.34 billion, a PE ratio of 17.10, a PEG ratio of 2.05 and a beta of 2.28. The firm has a fifty day simple moving average of C$54.21 and a two-hundred day simple moving average of C$65.81. The company has a current ratio of 1.37, a quick ratio of 0.20 and a debt-to-equity ratio of 573.79.

BRP Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, April 18th were issued a $0.215 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $0.86 annualized dividend and a yield of 1.90%. This is a boost from BRP's previous quarterly dividend of $0.21. BRP's dividend payout ratio (DPR) is currently 31.66%.

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.