BRP (TSE:DOO) Stock Price Breaks Above 50-Day Moving Average – Time to Sell?

BRP Inc. (TSE:DOO) shares crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of C$82.68 and traded as high as C$84.68. BRP shares last traded at C$84.19, with a volume of 152,361 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on DOO shares. TD raised shares of BRP from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$92.00 to C$106.00 in a research note on Wednesday, August 19th. Citigroup increased their target price on shares of BRP from C$106.00 to C$110.00 and gave the stock a “buy” rating in a research report on Tuesday, September 8th. National Bank Financial upgraded BRP from a “hold” rating to an “outperform” rating and raised their target price for the company from C$98.00 to C$112.00 in a report on Thursday, September 3rd. Finally, TD Securities raised BRP from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$103.93.

BRP Stock Performance

The company has a market cap of C$5.99 billion, a price-to-earnings ratio of 55.75, a P/E/G ratio of 2.05 and a beta of 0.79. The company has a debt-to-equity ratio of 912.53, a current ratio of 1.19 and a quick ratio of 0.20. The firm has a fifty day simple moving average of C$82.68 and a 200 day simple moving average of C$88.71.

BRP (TSE:DOO) last issued its quarterly earnings data on Thursday, September 3rd. The company reported C($0.18) earnings per share for the quarter. BRP had a return on equity of 20.51% and a net margin of 1.21%. The firm had revenue of C$2.24 billion during the quarter. On average, sell-side analysts expect that BRP Inc. will post 6.89 earnings per share for the current fiscal year.

BRP Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 13th. Investors of record on Tuesday, October 13th were paid a $0.25 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $1.00 dividend on an annualized basis and a yield of 1.2%. BRP’s dividend payout ratio (DPR) is presently 61.59%.

About BRP

BRP Inc is a global leader in the world of powersports products and powertrains, built on over 80 years of ingenuity, innovation, and intensive consumer focus. Through its portfolio of industry-leading and distinctive brands featuring Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on- and off-road vehicles, Quintrex boats as well as Rotax engines for karts, recreational aircraft and jet boats, BRP unlocks exhilarating adventures and provides access to experiences across different playgrounds.