Arctic Cat Inc. Sets New 1-Year High at $58.44 (ACAT)
Arctic Cat (NASDAQ:ACAT) set a new 52-week high during trading on Wednesday, AnalystRatings.Net reports. The stock traded as high as $58.44 and last traded at $58.36, with a volume of 28,036 shares. The stock had previously closed at $57.34.
A number of research firms have recently commented on ACAT. Analysts at Feltl & Co. raised their price target on shares of Arctic Cat (NASDAQ:ACAT) from $57.00 to $61.00 in a research note to investors on Monday, September 9th. They now have a “buy” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Arctic Cat (NASDAQ:ACAT) from $44.00 to $48.00 in a research note to investors on Monday, July 29th. They now have a “market perform” rating on the stock. Finally, analysts at Zacks upgraded shares of Arctic Cat (NASDAQ:ACAT) from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, July 29th. They now have a $55.90 price target on the stock.
One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $54.97.
In other Arctic Cat news, VP Roger Skime unloaded 10,190 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $56.03, for a total value of $570,945.70. Following the transaction, the vice president now directly owns 48,529 shares in the company. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Arctic Cat has a 1-year low of $32.12 and a 1-year high of $58.73. The stock has a 50-day moving average of $56.01 and a 200-day moving average of $48.2. The company has a market cap of $781.5 million and a price-to-earnings ratio of 18.16.
Arctic Cat (NASDAQ:ACAT) last announced its earnings results on Thursday, July 25th. The company reported $0.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.19. The company had revenue of $120.80 million for the quarter, compared to the consensus estimate of $126.30 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis. Analysts expect that Arctic Cat will post $3.35 EPS for the current fiscal year.
Arctic Cat Inc designs, engineers, manufacture and market snowmobiles and all-terrain vehicles (NASDAQ:ACAT) under the Arctic Cat brand name, as well as related parts, garments and accessories (PG&A).
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