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

BRP Inc. (TSE:DOO - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$61.76 and traded as low as C$50.87. BRP shares last traded at C$51.95, with a volume of 183,790 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. National Bankshares lowered their target price on shares of BRP from C$65.00 to C$61.00 and set a "sector perform" rating on the stock in a research note on Thursday. CIBC decreased their price target on BRP from C$82.00 to C$64.00 in a report on Thursday, March 27th. BMO Capital Markets dropped their price objective on BRP from C$100.00 to C$70.00 in a research note on Thursday, March 27th. Raymond James cut their target price on BRP from C$98.00 to C$65.00 in a research report on Thursday, March 27th. Finally, Baird R W downgraded BRP from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of C$69.21.

BRP Stock Up 2.5%

The company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37. The firm has a market capitalization of C$3.71 billion, a PE ratio of 19.03, a PEG ratio of 2.05 and a beta of 2.28. The company has a fifty day moving average price of C$49.59 and a 200-day moving average price of C$61.28.

BRP Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, April 18th were issued a $0.215 dividend. The ex-dividend date of this dividend was Friday, April 4th. This is an increase from BRP's previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.70%. BRP's payout ratio is 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.