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

BRP Inc. (TSE:DOO - Get Free Report) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Raymond James lowered their target price on shares of BRP from C$98.00 to C$65.00 in a report on Thursday, March 27th. Citigroup upgraded BRP from a "sell" rating to a "neutral" rating and increased their target price for the company from C$39.00 to C$52.00 in a research note on Friday, April 4th. Canaccord Genuity Group dropped their price target on shares of BRP from C$80.00 to C$60.00 in a research note on Friday, March 21st. Royal Bank of Canada dropped their price objective on BRP from C$99.00 to C$69.00 in a report on Friday, March 28th. Finally, UBS Group cut their target price on shares of BRP from C$64.00 to C$50.00 in a research note on Wednesday, April 23rd. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of C$70.00.

BRP Stock Performance

The stock's fifty day moving average is C$51.75 and its two-hundred day moving average is C$63.93. The firm has a market cap of C$3.51 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 2.05 and a beta of 2.28. The company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37.

BRP Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, April 18th were paid a $0.215 dividend. This is a boost from BRP's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, April 4th. This represents a $0.86 annualized dividend and a dividend yield of 1.80%. BRP's dividend payout ratio is presently 31.66%.

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.