BRP (TSE:DOO) Hits New 1-Year Low – What’s Next?

BRP Inc. (TSE:DOO) shares reached a new 52-week low during trading on Wednesday . The company traded as low as C$53.02 and last traded at C$54.39, with a volume of 291052 shares traded. The stock had previously closed at C$55.26.

Analysts Set New Price Targets

A number of research firms have commented on DOO. Stifel Nicolaus lowered their target price on shares of BRP from C$82.00 to C$78.00 and set a “hold” rating for the company in a report on Monday, December 9th. Raymond James reduced their price target on shares of BRP from C$100.00 to C$98.00 in a research report on Monday, December 9th. Canaccord Genuity Group reduced their price target on shares of BRP from C$88.00 to C$80.00 in a research report on Wednesday, November 27th. National Bankshares cut their price objective on shares of BRP from C$84.00 to C$72.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 25th. Finally, DA Davidson cut their price objective on shares of BRP from C$96.00 to C$88.00 in a research report on Tuesday, December 10th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$87.17.

BRP Stock Performance

The firm has a market cap of C$4.26 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. The stock’s 50 day moving average is C$67.32 and its 200 day moving average is C$74.26. The company has a current ratio of 1.37, a quick ratio of 0.20 and a debt-to-equity ratio of 573.79.

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.