Wedbush Increases Polaris Industries Price Target to $146.00 (PII)
Research analysts at Wedbush increased their target price on shares of Polaris Industries (NYSE:PII) from $134.00 to $146.00 in a report released on Tuesday, Analyst Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. Wedbush’s price target points to a potential upside of 16.30% from the company’s current price.
A number of other firms have also recently commented on PII. Analysts at Feltl & Co. raised their price target on shares of Polaris Industries (NYSE:PII) from $122.00 to $130.00 in a research note to investors on Monday, August 5th. They now have a “buy” rating on the stock. Separately, analysts at Longbow Research upgraded shares of Polaris Industries (NYSE:PII) from a “neutral” rating to a “buy” rating in a research note to investors on Friday, August 2nd. They now have a $138.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Polaris Industries (NYSE:PII) from $106.00 to $121.00 in a research note to investors on Wednesday, July 31st. They now have a “buy” rating on the stock.
Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $117.00.
Polaris Industries (NYSE:PII) traded up 0.30% during mid-day trading on Tuesday, hitting $125.54. 466,819 shares of the company’s stock traded hands. Polaris Industries has a 52 week low of $78.50 and a 52 week high of $127.74. The stock’s 50-day moving average is $116.0 and its 200-day moving average is $99.17. The company has a market cap of $8.644 billion and a P/E ratio of 26.24.
Polaris Industries (NYSE:PII) last announced its earnings results on Tuesday, July 23rd. The company reported $1.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.11 by $0.02. The company had revenue of $844.80 million for the quarter, compared to the consensus estimate of $838.75 million. During the same quarter last year, the company posted $0.98 earnings per share. Polaris Industries’s revenue was up 11.8% compared to the same quarter last year. On average, analysts predict that Polaris Industries will post $5.33 earnings per share for the current fiscal year.
Polaris Industries Inc (NYSE:PII) designs, engineers and manufactures off-road vehicles (ORV), including all-terrain vehicles (ATV) and side-by-side vehicles for recreational and utility use, snowmobiles, and on-road vehicles, including motorcycles and small electric vehicles (SEV), together with the related replacement parts, garments and accessories (PG&A).
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