BRP (TSE:DOO) Stock Price Breaks Above 200 Day Moving Average – Time to Sell?

BRP Inc. (TSE:DOO)’s share price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$88.23 and traded as high as C$93.92. BRP shares last traded at C$93.81, with a volume of 425,746 shares.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. National Bank Financial raised BRP from a “hold” rating to an “outperform” rating and boosted their target price for the company from C$98.00 to C$112.00 in a research report on Thursday, September 3rd. Citigroup raised their price target on BRP from C$106.00 to C$110.00 and gave the stock a “buy” rating in a research report on Tuesday, September 8th. TD raised shares of BRP from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$92.00 to C$106.00 in a research note on Wednesday, August 19th. Finally, TD Securities upgraded shares of BRP from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$103.93.

BRP Trading Up 0.2%

The company’s 50 day simple moving average is C$82.48 and its 200-day simple moving average is C$88.08. The firm has a market cap of C$6.51 billion, a P/E ratio of 60.61, a P/E/G ratio of 2.05 and a beta of 0.72. The company has a quick ratio of 0.20, a current ratio of 1.19 and a debt-to-equity ratio of 912.53.

BRP (TSE:DOO) last released its earnings results on Thursday, September 3rd. The company reported C($0.18) EPS for the quarter. BRP had a net margin of 1.21% and a return on equity of 20.51%. The business had revenue of C$2.24 billion for the quarter. As a group, research analysts predict that BRP Inc. will post 6.89 earnings per share for the current fiscal year.

BRP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 13th. Shareholders of record on Tuesday, October 13th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 29th. BRP’s dividend payout ratio is 61.59%.

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.