BRP (TSE:DOO) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

BRP Inc. (TSE:DOO) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$89.56 and traded as high as C$90.00. BRP shares last traded at C$89.51, with a volume of 139,275 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DOO shares. Royal Bank Of Canada increased their target price on BRP from C$107.00 to C$113.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Citigroup cut their price target on BRP from C$75.00 to C$74.00 and set a “buy” rating on the stock in a report on Friday, May 29th. Canadian Imperial Bank of Commerce upped their price objective on BRP from C$90.00 to C$94.00 and gave the stock an “outperformer” rating in a research report on Friday, May 29th. Stifel Nicolaus downgraded BRP from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$92.00 to C$85.00 in a report on Friday, May 29th. Finally, Desjardins increased their price objective on BRP from C$97.00 to C$103.00 and gave the stock a “buy” rating in a report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$98.73.

BRP Price Performance

The company’s fifty day moving average is C$85.94 and its 200 day moving average is C$89.56. The firm has a market cap of C$6.60 billion, a price-to-earnings ratio of 24.46, a PEG 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 released its earnings results on Thursday, May 28th. The company reported C$1.83 earnings per share for the quarter. BRP had a net margin of 3.01% and a return on equity of 46.01%. The business had revenue of C$2.39 billion during the quarter. On average, equities research analysts predict that BRP Inc. will post 6.890971 EPS for the current year.

About BRP

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.