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Polaris Industries (NYSE:PII) was downgraded by research analysts at Ned Davis Research from a “buy” rating to a “neutral” rating in a report released on Monday, AnalystRatings.Net reports.

Shares of Polaris Industries (NYSE:PII) traded down 3.26% on Monday, hitting $138.97. 818,409 shares of the company’s stock traded hands. Polaris Industries has a 52-week low of $82.80 and a 52-week high of $146.99. The stock has a 50-day moving average of $139.1 and a 200-day moving average of $123.3. The company has a market cap of $9.626 billion and a price-to-earnings ratio of 28.58.

Polaris Industries (NYSE:PII) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.64 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.60 by $0.04. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the company posted $1.33 earnings per share. The company’s quarterly revenue was up 25.3% on a year-over-year basis. Analysts expect that Polaris Industries will post $5.39 EPS for the current fiscal year.

PII has been the subject of a number of other recent research reports. Analysts at Wedbush raised their price target on shares of Polaris Industries to $173.00 in a research note to investors on Tuesday, January 7th. They now have a “sell” rating on the stock. Separately, analysts at Thomson Reuters/Verus downgraded shares of Polaris Industries from a “hold” rating to a “sell” rating in a research note to investors on Monday, December 16th. Finally, analysts at Ameriprise Financial initiated coverage on shares of Polaris Industries in a research note to investors on Friday, November 22nd. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $135.81.

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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