BRP (NASDAQ:DOOO) Reaches New 1-Year Low – Should You Sell?

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DOOO. UBS Group dropped their price target on shares of BRP from $66.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. Scotiabank lowered BRP from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, September 9th. Citigroup dropped their target price on shares of BRP from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, September 9th. Cibc World Mkts downgraded shares of BRP from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th. Finally, National Bank Financial downgraded shares of BRP from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, August 21st. Seven research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, BRP presently has an average rating of “Hold” and a consensus target price of $97.00.

BRP Trading Down 3.0 %

The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of 10.40 and a beta of 2.06. The business’s 50-day moving average price is $63.28 and its 200 day moving average price is $65.85. The company has a debt-to-equity ratio of 4.99, a current ratio of 1.32 and a quick ratio of 0.37.

BRP (NASDAQ:DOOO) last issued its quarterly earnings data on Friday, September 6th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.23. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.35 billion. BRP had a net margin of 2.78% and a return on equity of 79.58%. On average, equities analysts forecast that BRP Inc. will post 2.21 earnings per share for the current fiscal year.

BRP Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a $0.152 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date was Friday, September 27th. BRP’s dividend payout ratio is currently 11.21%.

Institutional Trading of BRP

A number of hedge funds and other institutional investors have recently made changes to their positions in DOOO. UniSuper Management Pty Ltd grew its holdings in BRP by 66.7% during the 1st quarter. UniSuper Management Pty Ltd now owns 500 shares of the company’s stock worth $34,000 after acquiring an additional 200 shares in the last quarter. Bank of New York Mellon Corp grew its stake in BRP by 1.7% in the second quarter. Bank of New York Mellon Corp now owns 30,666 shares of the company’s stock worth $1,964,000 after purchasing an additional 520 shares in the last quarter. Addenda Capital Inc. increased its holdings 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 buying an additional 528 shares during the last quarter. Trivant Custom Portfolio Group LLC bought a new position in BRP during the 1st quarter worth approximately $50,000. Finally, Dnca Finance acquired a new position in shares of BRP in the 2nd quarter worth approximately $66,000.

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.