BRP (TSE:DOO) Share Price Crosses Below Two Hundred Day Moving Average of $106.95

BRP Inc. (TSE:DOO)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$106.95 and traded as low as C$99.99. BRP shares last traded at C$100.48, with a volume of 377,016 shares.

Analyst Ratings Changes

DOO has been the topic of a number of research reports. Citigroup boosted their target price on shares of BRP from C$108.00 to C$111.00 and gave the stock a “neutral” rating in a research report on Friday. UBS Group increased their target price on shares of BRP from C$179.00 to C$187.00 in a research note on Wednesday, June 14th. DA Davidson set a C$126.00 target price on BRP and gave the stock a “buy” rating in a research report on Friday, August 18th. Royal Bank of Canada upped their price target on BRP from C$138.00 to C$141.00 and gave the company an “outperform” rating in a report on Friday, June 2nd. Finally, TD Securities lifted their price objective on BRP from C$110.00 to C$115.00 and gave the stock a “hold” rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$139.50.

BRP Stock Up 1.0 %

The company has a quick ratio of 0.20, a current ratio of 1.34 and a debt-to-equity ratio of 529.83. The business has a 50-day simple moving average of C$110.51 and a two-hundred day simple moving average of C$106.82. The stock has a market capitalization of C$3.62 billion, a P/E ratio of 9.12, a PEG ratio of 0.91 and a beta of 2.49.

BRP (TSE:DOO) last issued its earnings results on Thursday, September 7th. The company reported C$3.21 EPS for the quarter, beating the consensus estimate of C$2.90 by C$0.31. The company had revenue of C$2.78 billion for the quarter, compared to the consensus estimate of C$2.70 billion. BRP had a net margin of 8.42% and a return on equity of 491.74%. Equities research analysts forecast that BRP Inc. will post 13.4235145 earnings per share for the current fiscal year.

BRP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Thursday, September 28th. BRP’s payout ratio is 6.47%.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in North America, Europe, Australia, New Zealand, and Latin America. The company operates through two segments, Powersports and Marine. The Powersports segment offers year-round products, such as Can-Am ATVs, SSVs, and 3WVs; seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo PWCs and pontoons, and Rotax engines for karts and recreational aircraft.