Polaris Industries (PII) Stock Rating Upgraded by Zacks Investment Research

Polaris Industries (NYSE:PII) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday.

According to Zacks, “Polaris Industries Inc. is a global power sports leader that has been fueling the passion of riders, workers and outdoor enthusiasts for years. With annual 2016 sales of $4.5 billion, Polaris’ innovative, high-quality product line-up includes the RANGER, RZR and Polaris GENERAL side-by-side off-road vehicles; the Sportsman and Polaris ACE all-terrain off-road vehicles; Indian Motorcycle midsize and heavyweight motorcycles; Slingshot moto-roadsters; and Polaris RMK, INDY, Switchback and RUSH snowmobiles. Polaris enhances the riding experience with parts, garments and accessories, along with a growing aftermarket portfolio, including Transamerican Auto Parts. Polaris’ presence in adjacent markets globally includes military and commercial off-road vehicles, quadricycles, and electric vehicles. “

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Several other equities analysts have also commented on the company. Stifel Nicolaus reissued a “hold” rating and set a $114.00 price objective (up previously from $112.00) on shares of Polaris Industries in a research report on Friday, April 13th. BMO Capital Markets reissued a “hold” rating and set a $125.00 price objective (up previously from $105.00) on shares of Polaris Industries in a research report on Monday, April 9th. Wells Fargo raised Polaris Industries from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 6th. Citigroup lowered their price objective on Polaris Industries from $136.00 to $129.00 and set a “buy” rating for the company in a research report on Tuesday, February 6th. Finally, B. Riley reissued a “hold” rating and set a $118.00 price objective on shares of Polaris Industries in a research report on Wednesday, January 31st. Fifteen analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $114.13.

Shares of Polaris Industries stock opened at $121.15 on Friday. The company has a quick ratio of 0.42, a current ratio of 1.11 and a debt-to-equity ratio of 0.93. The firm has a market cap of $7,884.84, a price-to-earnings ratio of 24.98, a PEG ratio of 1.36 and a beta of 1.16. Polaris Industries has a 12 month low of $80.13 and a 12 month high of $137.66.

Polaris Industries (NYSE:PII) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $1.47 EPS for the quarter, meeting the consensus estimate of $1.47. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.35 billion. Polaris Industries had a return on equity of 35.38% and a net margin of 3.18%. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.97 earnings per share. sell-side analysts anticipate that Polaris Industries will post 6.12 EPS for the current year.

A number of large investors have recently modified their holdings of PII. Calton & Associates Inc. purchased a new position in Polaris Industries in the 4th quarter worth about $112,000. Gradient Investments LLC purchased a new position in Polaris Industries in the 4th quarter worth about $113,000. Delpha Capital Management LLC purchased a new position in Polaris Industries in the 4th quarter worth about $120,000. NuWave Investment Management LLC purchased a new position in Polaris Industries in the 4th quarter worth about $123,000. Finally, Assetmark Inc. raised its position in Polaris Industries by 1,097.8% in the 4th quarter. Assetmark Inc. now owns 1,078 shares of the company’s stock worth $134,000 after buying an additional 988 shares during the last quarter. 85.35% of the stock is owned by institutional investors and hedge funds.

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About Polaris Industries

Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. The company operates through four segments: Off-Road Vehicles (ORVs)/Snowmobiles, Motorcycles, Global Adjacent Markets, and Aftermarket. It offers ORVs, including all-terrain vehicles and side-by-side vehicles for recreational and utility use; snowmobiles; motorcycles; and low emission, light duty hauling, passenger, commercial, and industrial vehicles, as well as snow bike conversion kit systems.

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