BRP (TSE:DOO) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

BRP Inc. (TSE:DOO)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$91.54 and traded as low as C$84.00. BRP shares last traded at C$84.46, with a volume of 156,548 shares traded.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DOO. Desjardins increased their price objective on BRP from C$97.00 to C$103.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Raymond James Financial lowered shares of BRP from a “strong-buy” rating to a “market perform” rating in a report on Friday, April 24th. Scotiabank raised their price target on shares of BRP from C$80.00 to C$83.00 and gave the stock a “sector perform” rating in a report on Friday, May 29th. Scotia decreased their price objective on shares of BRP from C$117.00 to C$80.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 16th. Finally, Seaport Research Partners cut shares of BRP from a “buy” rating to a “hold” rating in a research report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, BRP presently has an average rating of “Moderate Buy” and an average price target of C$98.73.

BRP Stock Performance

The business has a fifty day moving average of C$82.73 and a 200 day moving average of C$91.45. The company has a market cap of C$6.27 billion, a P/E ratio of 23.22, a P/E/G ratio of 2.05 and a beta of 0.83. The company has a quick ratio of 0.20, a current ratio of 1.30 and a debt-to-equity ratio of 419.45.

BRP (TSE:DOO) last released its quarterly earnings results on Thursday, May 28th. The company reported C$1.83 earnings per share for the quarter. The business had revenue of C$2.39 billion for the quarter. BRP had a net margin of 3.01% and a return on equity of 46.01%. On average, equities analysts predict that BRP Inc. will post 6.890971 EPS for the current year.

About BRP

BRP Inc is a global leader in the world of powersports products and powertrains, built on over 80 years of ingenuity, innovation, and intensive consumer focus. Through its portfolio of industry-leading and distinctive brands featuring Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on- and off-road vehicles, Quintrex boats as well as Rotax engines for karts, recreational aircraft and jet boats, BRP unlocks exhilarating adventures and provides access to experiences across different playgrounds.