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. “
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.
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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