Polaris Industries Given New $165.00 Price Target at Raymond James (PII)
Equities research analysts at Raymond James boosted their price target on shares of Polaris Industries (NYSE:PII) from $124.00 to $165.00 in a research note issued to investors on Tuesday, Analyst Ratings Net reports. The firm currently has a “strong-buy” rating on the stock. Raymond James’ target price points to a potential upside of 30.97% from the stock’s previous close.
Polaris Industries (NYSE:PII) traded down 3.06% during mid-day trading on Tuesday, hitting $125.98. 899,819 shares of the company’s stock traded hands. Polaris Industries has a 52 week low of $78.83 and a 52 week high of $135.38. The stock’s 50-day moving average is $120. and its 200-day moving average is $102.0. The company has a market cap of $8.675 billion and a P/E ratio of 27.24.
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. On average, analysts predict that Polaris Industries will post $5.35 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Polaris Industries from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $135.30 price target on the stock. Separately, analysts at UBS AG set a $142.00 price target on shares of Polaris Industries in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at Longbow Research reiterated a “buy” rating on shares of Polaris Industries in a research note to investors on Tuesday, September 24th. They now have a $138.00 price target on the stock. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $125.73.
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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