BRP (TSE:DOO) Hits New 1-Year Low - Here's Why

BRP Inc. (TSE:DOO - Get Free Report)'s share price hit 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 Analysts Forecast Growth

DOO has been the subject of several research reports. Baird R W lowered BRP from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. UBS Group dropped their price target on BRP from C$64.00 to C$50.00 in a research report on Wednesday. National Bankshares decreased their price objective on BRP from C$84.00 to C$72.00 and set a "sector perform" rating on the stock in a report on Tuesday, February 25th. Raymond James dropped their target price on shares of BRP from C$98.00 to C$65.00 in a report on Thursday, March 27th. Finally, BMO Capital Markets reduced their target price on shares of BRP from C$100.00 to C$70.00 in a research report on Thursday, March 27th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of C$70.64.

BRP Trading Down 0.1 %

The company's 50 day simple moving average is C$52.78 and its two-hundred day simple moving average is C$64.75. The company has a market cap of C$3.52 billion, a PE ratio of 18.02, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. The company has a debt-to-equity ratio of 573.79, a current ratio of 1.37 and a quick ratio of 0.20.

BRP Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, April 18th were given a $0.215 dividend. This is a positive change from BRP's previous quarterly dividend of $0.21. The ex-dividend date was Friday, April 4th. This represents a $0.86 dividend on an annualized basis and a yield of 1.80%. BRP's payout ratio is presently 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.