BRP Inc (NASDAQ: DOOO) has recently experienced extremely meaningful negative changes in investment behavior: negative upside/downside volume developed, its shorter term price trend turned down, and the stock fell on very heavy volume.
BRP Inc (NASDAQ: DOOO) has recently experienced marginal negative changes in fundamentals: significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
DOOO is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
BRP has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. BRP has a good Appreciation Score of 83 but a neutral Power Rating of 48, triggering the Positive Value Trend Rating.
Recent Price Action
On 9/10/24, BRP Inc (NASDAQ: DOOO) stock declined slightly by -0.8%, closing at $58.22. Moreover, trading volume in this decline was exceptionally high at 201% of normal. The stock has performed in line with the market over the last nine months and has declined -19.6% during the last week.
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