BRP (TSE:DOO) Stock Crosses Below 200-Day Moving Average - Time to Sell?

BRP Inc. (TSE:DOO - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$64.40 and traded as low as C$45.80. BRP shares last traded at C$47.00, with a volume of 171,889 shares traded.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DOO. Royal Bank of Canada dropped their price target on BRP from C$99.00 to C$69.00 in a research report on Friday, March 28th. UBS Group dropped their price objective on shares of BRP from C$64.00 to C$50.00 in a report on Wednesday, April 23rd. Raymond James decreased their target price on shares of BRP from C$98.00 to C$65.00 in a research report on Thursday, March 27th. Citigroup upgraded BRP from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from C$39.00 to C$52.00 in a research report on Friday, April 4th. Finally, TD Securities reduced their price target on BRP from C$70.00 to C$65.00 and set a "hold" rating for the company in a research report on Thursday, March 27th. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of C$70.00.

BRP Price Performance

The company's 50-day simple moving average is C$51.53 and its 200 day simple moving average is C$63.51. The stock has a market capitalization of C$3.49 billion, a price-to-earnings ratio of 17.88, a P/E/G ratio of 2.05 and a beta of 2.28. The company has a quick ratio of 0.20, a current ratio of 1.37 and a debt-to-equity ratio of 573.79.

BRP Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, April 18th were paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.81%. This is a boost from BRP's previous quarterly dividend of $0.21. The ex-dividend date was Friday, April 4th. BRP's payout ratio is presently 31.66%.

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.