BRP (TSE:DOO) Stock Passes Below 200 Day Moving Average - Here's What Happened

BRP Inc. (TSE:DOO - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$89.42 and traded as low as C$70.36. BRP shares last traded at C$71.29, with a volume of 136,799 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on DOO shares. Cibc World Mkts downgraded BRP from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 9th. Citigroup reduced their target price on BRP from C$110.00 to C$101.00 in a report on Monday, September 9th. Desjardins downgraded BRP from a "moderate buy" rating to a "hold" rating in a report on Sunday, September 8th. National Bankshares raised their target price on BRP from C$89.00 to C$93.00 in a report on Friday, October 18th. Finally, National Bank Financial downgraded BRP from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 20th. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of C$95.46.

BRP Trading Down 3.7 %

The stock's fifty day simple moving average is C$83.45 and its two-hundred day simple moving average is C$89.21. The company has a quick ratio of 0.20, a current ratio of 1.32 and a debt-to-equity ratio of 545.75. The firm has a market cap of C$2.37 billion, a PE ratio of 21.51, a PEG ratio of 2.05 and a beta of 2.28.

BRP (TSE:DOO - Get Free Report) last posted its quarterly earnings results on Friday, September 6th. The company reported C$0.61 EPS for the quarter, beating analysts' consensus estimates of C$0.30 by C$0.31. BRP had a net margin of 2.77% and a return on equity of 37.60%. The firm had revenue of C$1.84 billion for the quarter, compared to analysts' expectations of C$1.85 billion. On average, sell-side analysts forecast that BRP Inc. will post 6.890971 EPS for the current fiscal year.

BRP Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Friday, September 27th. BRP's dividend payout ratio is currently 25.45%.

BRP Company Profile

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.