Polaris Industries Inc. Reaches New 12-Month High at $128.28 (PII)
Polaris Industries (NYSE:PII)’s share price reached a new 52-week high during trading hours on Thursday, Stock Ratings Network reports. The company traded as high as $128.28 and last traded at $127.54, with a volume of 281,778 shares traded. The stock had previously closed at $126.11.
Several analysts have recently commented on the stock. Analysts at Longbow Research reiterated a “buy” rating on shares of Polaris Industries (NYSE:PII) in a research note to investors on Tuesday. They now have a $138.00 price target on the stock. Separately, analysts at Wedbush raised their price target on shares of Polaris Industries (NYSE:PII) from $134.00 to $146.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Finally, 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. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $117.00.
Polaris Industries has a 52 week low of $78.50 and a 52 week high of $127.74. The stock has a 50-day moving average of $116.5 and a 200-day moving average of $99.62. The company has a market cap of $8.836 billion and a price-to-earnings ratio of 26.43.
Polaris Industries (NYSE:PII) last released its earnings data on Tuesday, July 23rd. The company reported $1.13 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.98 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis.
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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