BRP (TSE:DOO) Share Price Passes Below Two Hundred Day Moving Average of $90.75

Shares of BRP Inc. (TSE:DOO) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$90.75 and traded as low as C$79.90. BRP shares last traded at C$80.49, with a volume of 167,481 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on DOO shares. National Bank Financial lowered shares of BRP from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 20th. TD Securities dropped their price objective on shares of BRP from C$100.00 to C$98.00 and set a “hold” rating for the company in a research note on Monday, June 3rd. Cibc World Mkts downgraded shares of BRP from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th. Canaccord Genuity Group set a C$90.00 target price on BRP and gave the stock a “hold” rating in a report on Wednesday, August 28th. Finally, Citigroup dropped their price target on BRP from C$110.00 to C$101.00 in a research report on Monday, September 9th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$96.00.

BRP Stock Performance

The company has a debt-to-equity ratio of 545.75, a current ratio of 1.32 and a quick ratio of 0.20. The company has a market cap of C$2.78 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 2.05 and a beta of 2.33. The firm has a 50 day simple moving average of C$91.60 and a 200-day simple moving average of C$90.75.

BRP (TSE:DOO) last issued its quarterly earnings data 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. The firm had revenue of C$1.84 billion during the quarter, compared to the consensus estimate of C$1.85 billion. BRP had a return on equity of 37.60% and a net margin of 2.77%. As a group, analysts predict that BRP Inc. will post 5.7440056 EPS for the current fiscal year.

BRP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Friday, September 27th. BRP’s dividend payout ratio (DPR) is 25.45%.

BRP Company Profile

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.