BRP (TSE:DOO) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Shares of BRP Inc. (TSE:DOO) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$89.42 and traded as low as C$70.36. BRP shares last traded at C$71.29, with a volume of 136,799 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Scotiabank downgraded shares of BRP from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$103.00 to C$91.00 in a research report on Monday, September 9th. Stifel Nicolaus lowered their price objective on BRP from C$97.00 to C$82.00 in a research note on Monday, September 9th. Desjardins cut BRP from a “moderate buy” rating to a “hold” rating in a research report on Sunday, September 8th. Cibc World Mkts lowered BRP from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th. Finally, Citigroup dropped their price objective on BRP from C$110.00 to C$101.00 in a research note on Monday, September 9th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$95.46.

BRP Stock Up 1.3 %

The company has a current ratio of 1.32, a quick ratio of 0.20 and a debt-to-equity ratio of 545.75. The firm has a market cap of C$2.40 billion, a P/E ratio of 21.05, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. The stock’s fifty day moving average is C$82.97 and its two-hundred day moving average is C$88.99.

BRP (TSE:DOO) last posted its quarterly earnings data on Friday, September 6th. The company reported C$0.61 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of C$1.84 billion during the quarter, compared to analyst estimates of C$1.85 billion. As a group, research analysts anticipate that BRP Inc. will post 6.890971 earnings per share for the current year.

BRP Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Friday, September 27th. BRP’s dividend payout ratio (DPR) is 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.