Polaris Industries (PII) PT Raised to $119.00 at Wedbush

Polaris Industries (NYSE:PII) had its target price increased by research analysts at Wedbush from $112.00 to $119.00 in a research note issued on Wednesday. The firm presently has a “neutral” rating on the stock. Wedbush’s price objective indicates a potential downside of 7.94% from the company’s previous close.

Several other analysts have also issued reports on PII. Northcoast Research reaffirmed a “hold” rating on shares of Polaris Industries in a research note on Tuesday, September 5th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $87.00 target price on shares of Polaris Industries in a research note on Thursday, September 7th. UBS Group cut their target price on Polaris Industries from $108.00 to $82.00 and set a “neutral” rating for the company in a research note on Friday, September 15th. BMO Capital Markets upped their target price on Polaris Industries from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, September 15th. Finally, Zacks Investment Research raised Polaris Industries from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Friday, September 22nd. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the company. Polaris Industries has an average rating of “Hold” and an average target price of $102.20.

Shares of Polaris Industries (NYSE PII) traded up $0.91 on Wednesday, reaching $129.27. The company’s stock had a trading volume of 467,100 shares, compared to its average volume of 552,300. The stock has a market capitalization of $8,080.00, a price-to-earnings ratio of 40.65, a P/E/G ratio of 1.51 and a beta of 1.40. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.34 and a current ratio of 1.04. Polaris Industries has a 1-year low of $77.91 and a 1-year high of $134.66.

Polaris Industries (NYSE:PII) last issued its earnings results on Tuesday, October 24th. The company reported $1.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.24. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.40 billion. Polaris Industries had a return on equity of 33.81% and a net margin of 3.90%. Polaris Industries’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 earnings per share. equities research analysts anticipate that Polaris Industries will post 4.85 EPS for the current year.

In related news, insider Stephen L. Eastman sold 8,500 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $119.25, for a total value of $1,013,625.00. Following the completion of the sale, the insider now owns 18,846 shares of the company’s stock, valued at $2,247,385.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Stacy L. Bogart sold 20,000 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $122.05, for a total value of $2,441,000.00. Following the completion of the sale, the senior vice president now directly owns 30,975 shares of the company’s stock, valued at approximately $3,780,498.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,102 shares of company stock valued at $7,174,301. Insiders own 2.20% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Ffcm LLC lifted its stake in Polaris Industries by 6.4% in the second quarter. Ffcm LLC now owns 1,415 shares of the company’s stock worth $131,000 after acquiring an additional 85 shares during the period. TD Asset Management Inc. purchased a new stake in Polaris Industries in the third quarter worth $222,000. HighPoint Advisor Group LLC purchased a new stake in Polaris Industries in the third quarter worth $230,000. Quantbot Technologies LP purchased a new stake in Polaris Industries in the second quarter worth $243,000. Finally, Commerce Bank lifted its stake in Polaris Industries by 7.4% in the second quarter. Commerce Bank now owns 2,771 shares of the company’s stock worth $256,000 after acquiring an additional 190 shares during the period. 90.90% of the stock is owned by institutional investors.

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Polaris Industries Company Profile

Polaris Industries Inc designs, engineers and manufactures powersports vehicles, which include Off-Road Vehicles (ORV), including All-Terrain Vehicles (ATV) and side-by-side vehicles for recreational and utility use; Snowmobiles, Motorcycles and Global Adjacent Markets vehicles, including Work and Transportation and military vehicles.

Analyst Recommendations for Polaris Industries (NYSE:PII)

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