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

BRP Inc. (TSE:DOO) passed 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.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Scotiabank upped their target price on BRP from C$80.00 to C$83.00 and gave the company a “sector perform” rating in a report on Friday, May 29th. Ci Capital lowered their price objective on shares of BRP from C$128.00 to C$119.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. Scotia dropped their price objective on shares of BRP from C$117.00 to C$80.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 16th. TD increased their target price on shares of BRP from C$84.00 to C$92.00 and gave the stock a “hold” rating in a research report on Friday, May 29th. Finally, Seaport Research Partners lowered shares of BRP from a “buy” rating to a “hold” rating in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$98.73.

BRP Stock Up 0.2%

The stock has a market cap of C$6.52 billion, a P/E ratio of 24.15, a P/E/G ratio of 2.05 and a beta of 0.92. The company has a current ratio of 1.30, a quick ratio of 0.20 and a debt-to-equity ratio of 419.45. The firm’s fifty day moving average is C$80.15 and its 200 day moving average is C$93.72.

BRP (TSE:DOO) last announced its quarterly earnings data on Thursday, May 28th. The company reported C$1.83 earnings per share (EPS) 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 for the quarter. As a group, equities research analysts forecast that BRP Inc. will post 6.890971 EPS for the current year.

BRP Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 24th were issued 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 dividend yield of 1.1%. BRP’s dividend 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).