BRP (TSE:DOO) Share Price Crosses Below 200-Day Moving Average – Time to Sell?

BRP Inc. (TSE:DOO) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$93.83 and traded as low as C$83.23. BRP shares last traded at C$85.05, with a volume of 95,158 shares traded.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Scotiabank lifted their price objective on BRP from C$80.00 to C$83.00 and gave the company a “sector perform” rating in a research report on Friday, May 29th. Ci Capital reduced their target price on shares of BRP from C$128.00 to C$119.00 and set a “buy” rating for the company in a report on Friday, March 27th. Citigroup decreased their target price on shares of BRP from C$75.00 to C$74.00 and set a “buy” rating on the stock in a research note on Friday, May 29th. Scotia lowered their price target on shares of BRP from C$117.00 to C$80.00 and set a “sector perform” rating on the stock in a report on Thursday, April 16th. Finally, BMO Capital Markets upped their price target on shares of BRP from C$115.00 to C$120.00 and gave the stock an “outperform” rating in a research 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 issued a Hold rating to the company. Based on data from MarketBeat, BRP presently has a consensus rating of “Moderate Buy” and an average price target of C$98.73.

BRP Stock Up 0.5%

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 company has a fifty day moving average price of C$80.51 and a 200-day moving average price of C$93.83. The stock has a market capitalization of C$6.27 billion, a P/E ratio of 23.24, a PEG ratio of 2.05 and a beta of 0.92.

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

BRP Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 24th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, April 10th. BRP’s payout ratio 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).