BRP (TSE:DOO) Share Price Crosses Below 200-Day Moving Average of $90.59

Shares of BRP Inc. (TSE:DOO) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$90.59 and traded as low as C$86.74. BRP shares last traded at C$87.65, with a volume of 165,669 shares trading hands.

Analyst Ratings Changes

DOO has been the topic of a number of research analyst reports. National Bankshares lowered their price target on BRP from C$112.00 to C$109.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. Citigroup reduced their price objective on BRP from C$107.00 to C$100.00 in a research report on Monday, June 3rd. TD Securities reduced their price objective on BRP from C$100.00 to C$98.00 and set a “hold” rating for the company in a research report on Monday, June 3rd. Desjardins reduced their price objective on BRP from C$137.00 to C$116.00 and set a “buy” rating for the company in a research report on Monday, June 3rd. Finally, Raymond James reduced their price objective on BRP from C$108.00 to C$100.00 in a research report on Monday, June 3rd. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$103.00.

BRP Stock Up 1.1 %

The business has a 50-day simple moving average of C$90.44 and a two-hundred day simple moving average of C$90.59. The company has a market cap of C$3.20 billion, a price-to-earnings ratio of 9.26, a PEG ratio of 1.80 and a beta of 2.37. The company has a quick ratio of 0.20, a current ratio of 1.41 and a debt-to-equity ratio of 362.62.

BRP (TSE:DOO) last posted its quarterly earnings data on Friday, May 31st. The company reported C$0.95 earnings per share for the quarter, topping the consensus estimate of C$0.88 by C$0.07. BRP had a return on equity of 109.97% and a net margin of 7.17%. The business had revenue of C$2.03 billion during the quarter, compared to analysts’ expectations of C$2.02 billion. As a group, equities analysts forecast that BRP Inc. will post 10.0525739 earnings per share for the current fiscal year.

BRP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, July 12th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, June 28th. This represents a $0.84 annualized dividend and a dividend yield of 0.96%. BRP’s dividend payout ratio is presently 8.87%.

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.