BRP (TSE:DOO) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

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$94.38 and traded as low as C$83.70. BRP shares last traded at C$84.56, with a volume of 114,126 shares.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DOO. Citigroup lowered their price target on shares of BRP from C$75.00 to C$74.00 and set a “buy” rating for the company in a report on Friday, May 29th. Royal Bank Of Canada raised their price target on shares of BRP from C$107.00 to C$113.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Stifel Nicolaus lowered shares of BRP from a “buy” rating to a “hold” rating and lowered their price target for the company from C$92.00 to C$85.00 in a report on Friday, May 29th. BMO Capital Markets raised their price target on shares of BRP from C$115.00 to C$120.00 and gave the company an “outperform” rating in a report on Friday, March 27th. Finally, Wells Fargo & Company raised their price target on shares of BRP from C$105.00 to C$110.00 and gave the company an “overweight” rating in a report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$98.73.

BRP Trading Up 0.3%

The company has a quick ratio of 0.20, a current ratio of 1.30 and a debt-to-equity ratio of 419.45. The firm has a market cap of C$6.24 billion, a price-to-earnings ratio of 23.10, a price-to-earnings-growth ratio of 2.05 and a beta of 0.92. The business’s fifty day moving average is C$82.73 and its two-hundred day moving average is C$94.38.

BRP (TSE:DOO) last issued its quarterly earnings results on Thursday, May 28th. The company reported C$1.83 earnings per share for the quarter. BRP had a net margin of 3.01% and a return on equity of 46.01%. The business had revenue of C$2.39 billion during the quarter. Equities analysts anticipate that BRP Inc. will post 6.890971 earnings per share for the current fiscal year.

BRP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 24th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.00 dividend on an annualized basis and a yield of 1.2%. BRP’s dividend payout ratio (DPR) is presently 24.45%.

BRP Company Profile

BRP designs, develops, manufactures, distributes, and markets snowmobiles, all-terrain vehicles, and personal watercraft under the Ski-Doo, Sea-Doo, Can-Am, and Lynx brand names. It also builds engines under the Rotax brand (after discontinuing the Evinrude outboard engine business in 2020) and offers clothing, parts, and accessories that cater to its core consumers. In 2018, BRP created a marine group, acquiring boat manufacturers Alumacraft, Triton (which makes Manitou pontoon boats), and Telwater (in Australia).