BRP (NASDAQ:DOOO) Reaches New 52-Week Low – What’s Next?

BRP Inc. (NASDAQ:DOOO)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $36.27 and last traded at $36.65, with a volume of 12068 shares. The stock had previously closed at $37.21.

Analysts Set New Price Targets

Separately, Citigroup cut BRP from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $48.00 to $29.00 in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $87.80.

BRP Price Performance

The company has a current ratio of 1.37, a quick ratio of 0.57 and a debt-to-equity ratio of 5.19. The firm has a market cap of $2.68 billion, a P/E ratio of 19.41 and a beta of 2.03. The firm has a 50-day simple moving average of $44.47 and a 200-day simple moving average of $50.81.

Institutional Trading of BRP

Several hedge funds and other institutional investors have recently bought and sold shares of DOOO. Mackenzie Financial Corp boosted 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 worth $83,399,000 after purchasing an additional 684,651 shares in the last quarter. Public Employees Retirement System of Ohio boosted 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 worth $765,000 after purchasing an additional 12,023 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted 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 worth $1,823,000 after purchasing an additional 293 shares in the last quarter. Turtle Creek Asset Management Inc. boosted 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 worth $151,118,000 after purchasing an additional 668,607 shares in the last quarter. Finally, Systematic Financial Management LP boosted 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 worth $10,297,000 after purchasing an additional 10,341 shares in 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.