BRP (TSE:DOO) Stock Passes Below Two Hundred Day Moving Average - What's Next?

BRP Inc. (TSE:DOO - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$61.01 and traded as low as C$49.70. BRP shares last traded at C$49.70, with a volume of 236,146 shares traded.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. UBS Group dropped their price target on shares of BRP from C$64.00 to C$50.00 in a research report on Wednesday, April 23rd. Desjardins upgraded shares of BRP from a "hold" rating to a "moderate buy" rating in a research report on Thursday. Royal Bank of Canada dropped their target price on shares of BRP from C$99.00 to C$69.00 in a research report on Friday, March 28th. Canaccord Genuity Group dropped their target price on shares of BRP from C$80.00 to C$60.00 in a research report on Friday, March 21st. Finally, Baird R W downgraded shares of BRP from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Nine research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, BRP has a consensus rating of "Hold" and an average target price of C$69.21.

BRP Stock Up 1.0%

The firm has a market cap of C$4.49 billion, a P/E ratio of 23.01, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. The stock's 50 day simple moving average is C$49.75 and its 200 day simple moving average is C$60.75. 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 company also recently announced 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 positive change 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 1.41%. 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.