BRP (TSE:DOO) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

BRP Inc. (TSE:DOO)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$90.21 and traded as high as C$92.18. BRP shares last traded at C$89.49, with a volume of 236,300 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on DOO shares. National Bank Financial increased their price objective on BRP from C$80.00 to C$84.00 and gave the stock a “sector perform” rating in a research report on Friday, May 29th. Desjardins boosted their target price on shares of BRP from C$97.00 to C$103.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Seaport Research Partners cut shares of BRP from a “buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Canaccord Genuity Group downgraded shares of BRP from a “buy” rating to a “hold” rating and cut their price target for the company from C$118.00 to C$90.00 in a report on Wednesday, April 15th. Finally, TD raised their price objective on shares of BRP from C$84.00 to C$92.00 and gave the company a “hold” rating in a research note on Friday, May 29th. One investment 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$98.73.

BRP Stock Up 1.3%

The company has a debt-to-equity ratio of 419.45, a current ratio of 1.30 and a quick ratio of 0.20. The firm’s 50-day moving average price is C$85.42 and its 200 day moving average price is C$90.21. The firm has a market capitalization of C$6.68 billion, a price-to-earnings ratio of 24.76, a price-to-earnings-growth ratio of 2.05 and a beta of 0.81.

BRP (TSE:DOO) last posted its earnings results on Thursday, May 28th. The company reported C$1.83 earnings per share (EPS) for the quarter. The firm 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%. Sell-side analysts expect that BRP Inc. will post 6.890971 EPS for the current year.

About BRP

BRP Inc is a global leader in the world of powersports products and powertrains, built on over 80 years of ingenuity, innovation, and intensive consumer focus. Through its portfolio of industry-leading and distinctive brands featuring Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on- and off-road vehicles, Quintrex boats as well as Rotax engines for karts, recreational aircraft and jet boats, BRP unlocks exhilarating adventures and provides access to experiences across different playgrounds.