BRP (TSE:DOO) Shares Cross Below 200 Day Moving Average of $91.39

BRP Inc. (TSE:DOO)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$91.39 and traded as low as C$82.15. BRP shares last traded at C$85.30, with a volume of 476,753 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. National Bankshares cut BRP from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from C$109.00 to C$100.00 in a research note on Wednesday, August 21st. Stifel Nicolaus downgraded BRP from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$106.00 to C$97.00 in a research report on Wednesday, August 21st. Raymond James reduced their price objective on BRP from C$108.00 to C$100.00 in a research note on Monday, June 3rd. CIBC lowered their target price on BRP from C$110.00 to C$100.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Finally, Desjardins dropped their target price on shares of BRP from C$116.00 to C$110.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$101.92.

BRP Trading Down 4.5 %

The company has a market cap of C$3.04 billion, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 2.05 and a beta of 2.33. The business’s fifty day moving average price is C$92.68 and its 200 day moving average price is C$91.34. The company has a debt-to-equity ratio of 461.35, a current ratio of 1.35 and a quick ratio of 0.20.

BRP (TSE:DOO) last announced its earnings results on Friday, September 6th. The company reported C$0.61 EPS for the quarter, topping the consensus estimate of C$0.30 by C$0.31. The firm had revenue of C$1.84 billion for the quarter, compared to the consensus estimate of C$1.85 billion. BRP had a return on equity of 94.59% and a net margin of 5.83%. Research analysts anticipate that BRP Inc. will post 8.3681507 earnings per share for the current fiscal year.

BRP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Friday, September 27th. BRP’s payout ratio is presently 11.28%.

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.