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

BRP Inc. (TSE:DOO)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$96.74 and traded as low as C$72.59. BRP shares last traded at C$72.97, with a volume of 549,139 shares trading hands.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DOO shares. Seaport Research Partners lowered shares of BRP from a “buy” rating to a “hold” rating in a report on Wednesday, April 15th. Desjardins decreased their price target on BRP from C$138.00 to C$97.00 and set a “buy” rating for the company in a report on Thursday, April 16th. TD lowered BRP from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$119.00 to C$84.00 in a research report on Wednesday, April 15th. Citigroup dropped their price objective on BRP from C$119.00 to C$102.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Finally, Royal Bank Of Canada cut their target price on BRP from C$124.00 to C$107.00 and set an “outperform” rating on the stock in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$105.20.

BRP Stock Down 3.5%

The company has a debt-to-equity ratio of 443.59, a quick ratio of 0.20 and a current ratio of 1.27. The firm’s 50 day moving average price is C$91.74 and its two-hundred day moving average price is C$96.74. The company has a market cap of C$5.38 billion, a P/E ratio of 18.47, a price-to-earnings-growth ratio of 2.05 and a beta of 0.94.

BRP (TSE:DOO) last issued its earnings results on Thursday, March 26th. The company reported C$2.21 earnings per share (EPS) for the quarter. The business had revenue of C$2.46 billion for the quarter. BRP had a net margin of 3.45% and a return on equity of 54.95%. Equities research analysts anticipate that BRP Inc. will post 6.890971 EPS for the current fiscal year.

BRP Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 24th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, April 10th. BRP’s dividend payout ratio is 21.77%.

BRP Company Profile

BRP designs, develops, manufactures, distributes, and markets snowmobiles, all-terrain vehicles, and personal watercraft under the Ski-Doo, Sea-Doo, Can-Am, and Lynx brand names. It also builds engines under the Rotax brand (after discontinuing the Evinrude outboard engine business in 2020) and offers clothing, parts, and accessories that cater to its core consumers. In 2018, BRP created a marine group, acquiring boat manufacturers Alumacraft, Triton (which makes Manitou pontoon boats), and Telwater (in Australia).