BRP (TSE:DOO) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

BRP Inc. (TSE:DOO)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$90.21 and traded as high as C$92.18. BRP shares last traded at C$89.49, with a volume of 236,300 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently commented on DOO shares. Desjardins lifted their target price on BRP from C$97.00 to C$103.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Canaccord Genuity Group downgraded shares of BRP from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$118.00 to C$90.00 in a research note on Wednesday, April 15th. Stifel Nicolaus downgraded BRP from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$92.00 to C$85.00 in a report on Friday, May 29th. TD increased their target price on BRP from C$84.00 to C$92.00 and gave the company a “hold” rating in a research note on Friday, May 29th. Finally, Seaport Research Partners cut BRP from a “buy” rating to a “hold” rating in a report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$98.73.

BRP Stock Performance

The stock has a fifty day moving average of C$85.20 and a 200-day moving average of C$90.21. The firm has a market capitalization of C$6.60 billion, a P/E ratio of 24.45, a P/E/G ratio of 2.05 and a beta of 0.81. The company has a quick ratio of 0.20, a current ratio of 1.30 and a debt-to-equity ratio of 419.45.

BRP (TSE:DOO) last issued its quarterly earnings results on Thursday, May 28th. The company reported C$1.83 EPS for the quarter. BRP had a net margin of 3.01% and a return on equity of 46.01%. The firm had revenue of C$2.39 billion for the quarter. On average, research analysts anticipate that BRP Inc. will post 6.890971 EPS for the current year.

BRP Company Profile

BRP Inc is a global leader in the world of powersports products and powertrains, built on over 80 years of ingenuity, innovation, and intensive consumer focus. Through its portfolio of industry-leading and distinctive brands featuring Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on- and off-road vehicles, Quintrex boats as well as Rotax engines for karts, recreational aircraft and jet boats, BRP unlocks exhilarating adventures and provides access to experiences across different playgrounds.