BRP (TSE:DOO) Stock Price Crosses Below Two Hundred Day Moving Average of $90.95

BRP Inc. (TSE:DOO)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$90.95 and traded as low as C$82.33. BRP shares last traded at C$83.48, with a volume of 301,227 shares changing hands.

Analyst Ratings Changes

A number of analysts have recently weighed in on DOO shares. CIBC lowered BRP from an “outperform” rating to a “neutral” rating and lowered their target price for the company from C$100.00 to C$92.00 in a research note on Monday, September 9th. National Bankshares lowered BRP from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$109.00 to C$100.00 in a research note on Wednesday, August 21st. Citigroup lowered their target price on BRP from C$110.00 to C$101.00 in a research note on Monday, September 9th. Canaccord Genuity Group set a C$90.00 target price on BRP and gave the company a “hold” rating in a research note on Wednesday, August 28th. Finally, Scotiabank lowered BRP from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$103.00 to C$91.00 in a research note on Monday, September 9th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, BRP has a consensus rating of “Hold” and an average target price of C$96.00.

BRP Stock Performance

The company has a quick ratio of 0.20, a current ratio of 1.32 and a debt-to-equity ratio of 545.75. The stock has a market cap of C$2.88 billion, a P/E ratio of 25.30, a PEG ratio of 2.05 and a beta of 2.33. The stock has a fifty day simple moving average of C$91.99 and a 200-day simple moving average of C$90.95.

BRP (TSE:DOO) last issued its earnings results on Friday, September 6th. The company reported C$0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.30 by C$0.31. BRP had a return on equity of 37.60% and a net margin of 2.77%. The firm had revenue of C$1.84 billion for the quarter, compared to analysts’ expectations of C$1.85 billion. Equities analysts expect that BRP Inc. will post 5.7454423 earnings per share for the current fiscal year.

BRP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Friday, September 27th. BRP’s dividend payout ratio (DPR) is presently 25.45%.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.