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

Shares of BRP Inc. (TSE:DOO - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$96.74 and traded as low as C$72.59. BRP shares last traded at C$72.97, with a volume of 549,139 shares traded.

Analyst Ratings Changes

DOO has been the subject of several research reports. Scotia dropped their target price on BRP from C$117.00 to C$80.00 and set a "sector perform" rating for the company in a research report on Thursday, April 16th. Royal Bank Of Canada lowered their price objective on BRP from C$124.00 to C$107.00 and set an "outperform" rating for the company in a research note on Monday, April 20th. Canaccord Genuity Group lowered shares of BRP from a "buy" rating to a "hold" rating and dropped their price objective for the company from C$118.00 to C$90.00 in a report on Wednesday, April 15th. National Bank Financial downgraded shares of BRP from an "outperform" rating to a "hold" rating and cut their target price for the stock from C$125.00 to C$80.00 in a research report on Wednesday, April 15th. Finally, BMO Capital Markets boosted their target price on shares of BRP from C$115.00 to C$120.00 and gave the stock an "outperform" rating in a report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of C$105.20.

BRP Price Performance

The company has a fifty day simple moving average of C$91.74 and a 200 day simple moving average of C$96.74. The stock has a market capitalization of C$5.38 billion, a price-to-earnings ratio of 18.47, a P/E/G ratio of 2.05 and a beta of 0.94. The company has a debt-to-equity ratio of 443.59, a quick ratio of 0.20 and a current ratio of 1.27.

BRP (TSE:DOO - Get Free Report) last issued its quarterly earnings results on Thursday, March 26th. The company reported C$2.21 earnings per share for the quarter. BRP had a return on equity of 54.95% and a net margin of 3.45%.The company had revenue of C$2.46 billion during the quarter. Equities research analysts forecast that BRP Inc. will post 6.890971 EPS for the current fiscal year.

BRP Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 24th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, April 10th. BRP's dividend payout ratio is currently 21.77%.

About BRP

BRP designs, develops, manufactures, distributes, and markets snowmobiles, all-terrain vehicles, and personal watercraft under the Ski-Doo, Sea-Doo, Can-Am, and Lynx brand names. It also builds engines under the Rotax brand (after discontinuing the Evinrude outboard engine business in 2020) and offers clothing, parts, and accessories that cater to its core consumers. In 2018, BRP created a marine group, acquiring boat manufacturers Alumacraft, Triton (which makes Manitou pontoon boats), and Telwater (in Australia).

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