BRP (TSE:DOO) Stock Price Passes Below Two Hundred Day Moving Average of $96.18

Shares of BRP Inc. (TSE:DOOGet Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$96.18 and traded as low as C$88.75. BRP shares last traded at C$89.24, with a volume of 78,436 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. UBS Group lowered shares of BRP from a “buy” rating to a “neutral” rating and decreased their price target for the company from C$190.00 to C$89.00 in a research note on Monday, December 4th. National Bankshares decreased their price target on shares of BRP from C$136.00 to C$107.00 and set an “outperform” rating on the stock in a research note on Friday, December 1st. Canaccord Genuity Group lowered shares of BRP from a “buy” rating to a “hold” rating and decreased their price target for the company from C$136.00 to C$90.00 in a research note on Friday, December 1st. Desjardins decreased their price target on shares of BRP from C$168.00 to C$117.00 and set a “buy” rating on the stock in a research note on Friday, December 1st. Finally, Stifel Nicolaus decreased their price target on shares of BRP from C$150.00 to C$100.00 and set a “buy” rating on the stock in a research note on Friday, December 1st. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$105.46.

Read Our Latest Analysis on DOO

BRP Price Performance

The company has a current ratio of 1.40, a quick ratio of 0.20 and a debt-to-equity ratio of 438.99. The firm has a market cap of C$3.16 billion, a price-to-earnings ratio of 7.81, a price-to-earnings-growth ratio of 1.94 and a beta of 2.40. The company’s 50-day moving average is C$91.31 and its 200-day moving average is C$95.97.

BRP (TSE:DOOGet Free Report) last posted its quarterly earnings results on Thursday, November 30th. The company reported C$3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of C$3.01 by C$0.05. The business had revenue of C$2.47 billion for the quarter, compared to analyst estimates of C$2.61 billion. BRP had a net margin of 8.56% and a return on equity of 210.20%. Equities research analysts predict that BRP Inc. will post 9.7814208 earnings per share for the current year.

BRP Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, January 12th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.72 annualized dividend and a dividend yield of 0.80%. BRP’s dividend payout ratio is 6.24%.

BRP Company Profile

(Get Free Report)

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.

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