Polaris Industries Inc. (NYSE: PII) had its Hold rating reiterated by equities researchers at Wells Fargo & Co. in a research note to investors. The company currently has a rating of Hold on the shares. As a means of comparison, a number of other analysts have spoken on the company in recent days, and Polaris Industries Inc. has earned a consensus one-year price target of $83.75, higher than the opening price of $72.10. Polaris Industries Inc. stock has a 52-week high of $126.36. Stock prices sometimes get a jump to the upside when analysts reiterate coverage.
U.S. stocks closed higher Tuesday as investors anticipate the results of meetings from the Federal Reserve and the Bank of Japan.
The Dow Jones Industrial Average DJIA, +0.05% rose 9.79 points, or less than 0.1%, to close at 18,129.96.
The S&P 500 index SPX, +0.03% advanced 0.64 points to finish at 2,139.76, led by gains in the health-care and consumer-staples sectors.
The Nasdaq Composite index COMP, +0.12% gained 6.33 points, or 0.1%, to close at 5,241.35.
Shares of Polaris Industries Inc. (NYSE: PII) opened at $72.10 yesterday and traded in a range between, $71.49 and $72.61, and last traded at $71.52, a drop of $0.47 from the previous closing price.
Polaris Industries Inc. (NYSE: PII) currently has a market cap of 4.58B.
1,691,905 shares traded hands yesterday, 10 percent higher than the average, out of a total float 59,306,000. Substantial expansions in trading volume and price appreciation together could indicate excessive volume accumulation by institutional investors.
While increased trading for short periods will not mean much, conversely, a trend of heavy trading volume on the buy side over a series of days or weeks expresses a positive indicator to market traders that institutions may be moving in, so institutional sponsorship is crucial.
Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.
Institutional investors such as these retain teams of analysts researching thousands of stocks, so it is good confirmation to see them buying a stock you’re researching.
By spotting trends, moving averages allow investors to make those trends work in their favor and increase the number of successful trades.
With that in mind, Polaris Industries Inc. (NYSE: PII) now has a 50-day MA of $87.46 and 200-day MA of $89.74. It has traded in a 52-week range between $67.80 – 126.36 and today’s last price is 0.43% lower than the 52 week high of $126.36.
Earnings growth is an important factor to research when investing in stocks and investors identify companies that have grown their earnings by at least 25% for 3 consecutive years.
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