BRP (TSE:DOO) Share Price Crosses Below 200 Day Moving Average – Here’s Why

Shares of BRP Inc. (TSE:DOO) crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of C$84.25 and traded as low as C$76.15. BRP shares last traded at C$77.01, with a volume of 143,811 shares.

Analyst Ratings Changes

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

BRP Trading Down 0.3%

The company has a fifty day simple moving average of C$83.52 and a two-hundred day simple moving average of C$84.09. 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 company has a market capitalization of C$5.59 billion, a P/E ratio of 52.01, a price-to-earnings-growth ratio of 2.05 and a beta of 0.79.

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

BRP Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 13th. Investors of record on Tuesday, October 13th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.3%. The ex-dividend date was Tuesday, September 29th. BRP’s payout ratio is 61.59%.

BRP Company Profile

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.