BRP (TSE:DOO) Shares Cross Below 200-Day Moving Average of $90.95

Shares of BRP Inc. (TSE:DOO - Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$90.95 and traded as low as C$82.33. BRP shares last traded at C$83.48, with a volume of 301,227 shares traded.

Analysts Set New Price Targets

DOO has been the topic of a number of recent analyst reports. Citigroup dropped their price objective on BRP from C$110.00 to C$101.00 in a report on Monday, September 9th. TD Securities lowered their target price on shares of BRP from C$100.00 to C$98.00 and set a "hold" rating on the stock in a research report on Monday, June 3rd. National Bank Financial downgraded shares of BRP from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 20th. National Bankshares lowered BRP from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from C$109.00 to C$100.00 in a research note on Wednesday, August 21st. Finally, CIBC cut BRP from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from C$100.00 to C$92.00 in a report on Monday, September 9th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of C$96.00.

BRP Trading Down 0.3 %

The business's 50-day moving average price is C$91.99 and its two-hundred day moving average price is C$90.95. The firm has a market cap of C$2.88 billion, a price-to-earnings ratio of 25.30, a price-to-earnings-growth ratio of 2.05 and a beta of 2.33. The company has a debt-to-equity ratio of 545.75, a current ratio of 1.32 and a quick ratio of 0.20.

BRP (TSE:DOO - Get Free Report) last issued its quarterly earnings results on Friday, September 6th. The company reported C$0.61 earnings per share for the quarter, beating the consensus estimate of C$0.30 by C$0.31. BRP had a return on equity of 37.60% and a net margin of 2.77%. The company had revenue of C$1.84 billion during the quarter, compared to the consensus estimate of C$1.85 billion. Equities analysts expect that BRP Inc. will post 5.7454423 earnings per share for the current year.

BRP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be given a $0.21 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.84 annualized dividend and a dividend yield of 1.01%. BRP's dividend payout ratio is presently 25.45%.

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.