BRP (NASDAQ:DOOO) Sets New 52-Week Low – Should You Sell?

BRP Inc. (NASDAQ:DOOO) shares hit a new 52-week low on Wednesday . The stock traded as low as $36.63 and last traded at $37.56, with a volume of 201349 shares. The stock had previously closed at $38.10.

Analyst Ratings Changes

Separately, Citigroup downgraded shares of BRP from a “buy” rating to a “neutral” rating in a research note on Monday, February 3rd. Seven equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $97.00.

BRP Stock Performance

The stock’s 50-day simple moving average is $47.07 and its 200 day simple moving average is $53.05. The company has a debt-to-equity ratio of 5.19, a quick ratio of 0.57 and a current ratio of 1.37. The company has a market capitalization of $2.95 billion, a PE ratio of 21.52 and a beta of 2.03.

BRP (NASDAQ:DOOO) last announced its quarterly earnings data on Friday, December 6th. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.35. BRP had a net margin of 2.29% and a return on equity of 61.20%. As a group, research analysts expect that BRP Inc. will post 3.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Mackenzie Financial Corp grew its position in shares of BRP by 71.7% in the 4th quarter. Mackenzie Financial Corp now owns 1,639,265 shares of the company’s stock valued at $83,399,000 after buying an additional 684,651 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of BRP by 401.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 15,019 shares of the company’s stock valued at $765,000 after buying an additional 12,023 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of BRP by 0.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,827 shares of the company’s stock valued at $1,823,000 after buying an additional 293 shares during the last quarter. Turtle Creek Asset Management Inc. grew its position in shares of BRP by 29.0% in the 4th quarter. Turtle Creek Asset Management Inc. now owns 2,970,680 shares of the company’s stock valued at $151,118,000 after buying an additional 668,607 shares during the last quarter. Finally, Systematic Financial Management LP grew its position in shares of BRP by 5.4% in the 4th quarter. Systematic Financial Management LP now owns 202,425 shares of the company’s stock valued at $10,297,000 after buying an additional 10,341 shares during the last quarter.

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.