10 Worst Performing Mid Cap Stocks to Buy According to Analysts

8. BRP Inc. (NASDAQ:DOOO)

6-Month Performance as of February 26: -42.90%

Upside Potential as of February 26: 43.36%

Number of Hedge Fund Holders: 8

BRP Inc. (NASDAQ:DOOO) is a global leader in the power-sports and marine industries, with a portfolio of recreational vehicles and products. From the iconic Ski-Doo and Sea-Doo to Can-Am ATVs and a growing marine lineup, it delivers innovative designs and cutting-edge technology across various markets. It encompasses everything from snowmobiles and personal watercraft to boats and engines.

The company’s Off-Road Vehicle (ORV) segment drives most of its growth following the divestiture of its Marine businesses. It reduced ORV inventory by 22%, surpassing its initial targets. Despite competitors pushing older and heavily discounted models, this company secured market share gains in the sales of its newer and more profitable ORV units. This is attributed to the strength of its updated product lineup, particularly the high-end Defender cab models in the utility segment and the new Outlander platform in the ATV segment. These have gained about 4% of the market share. It’s also expanding its ORV-centric offerings with the launch of its Can-Am electric motorcycle line.

Although revenue from year-round products, including ORV, saw a 12% decline, BRP Inc. (NASDAQ:DOOO) has reaffirmed its full-year financial guidance, which now reflects the sale of its Marine division. This refocus is expected to significantly enhance profitability.