Arctic Cat Inc. Sets New 1-Year High at $60.60 (ACAT)
Arctic Cat (NASDAQ:ACAT) set a new 52-week high during trading hours on Monday, Analyst Ratings Net reports. The company traded as high as $60.60 and last traded at $60.27, with a volume of 72,282 shares. The stock had previously closed at $59.13.
ACAT has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Arctic Cat from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, September 26th. They now have a $61.90 price target on the stock. Separately, analysts at Feltl & Co. raised their price target on shares of Arctic Cat 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. Finally, analysts at BMO Capital Markets raised their price target on shares of Arctic Cat 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $56.97.
Arctic Cat has a 52 week low of $32.12 and a 52 week high of $60.60. The stock’s 50-day moving average is $56.43 and its 200-day moving average is $50.20. The company has a market cap of $810.3 million and a price-to-earnings ratio of 18.73.
Arctic Cat (NASDAQ:ACAT) last released its earnings data 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 last year, the company posted $0.14 earnings per share. Arctic Cat’s revenue was up 8.5% compared to the same quarter last year. On average, analysts predict that Arctic Cat will post $3.35 earnings per share 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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