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Arctic Cat (NASDAQ:ACAT) was downgraded by research analysts at Raymond James from an “outperform” rating to a “market perform” rating in a report released on Friday, TheFlyOnTheWall.com reports.

A number of other firms have also recently commented on ACAT. Analysts at Feltl & Co. raised their price target on shares of Arctic Cat from $58.00 to $63.00 in a research note to investors on Friday, December 20th. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Arctic Cat from $14.90 to $25.30 in a research note to investors on Tuesday, November 19th. They now have a “buy” rating on the stock. Finally, analysts at Thomson Reuters/Verus downgraded shares of Arctic Cat from a “hold” rating to a “sell” rating in a research note to investors on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $49.55.

Arctic Cat (NASDAQ:ACAT) traded down 9.51% on Friday, hitting $43.27. 732,829 shares of the company’s stock traded hands. Arctic Cat has a 52 week low of $33.62 and a 52 week high of $61.13. The stock’s 50-day moving average is $56.03 and its 200-day moving average is $55.22. The company has a market cap of $581.8 million and a price-to-earnings ratio of 15.76.

Arctic Cat (NASDAQ:ACAT) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by $0.43. The company had revenue of $225.80 million for the quarter, compared to the consensus estimate of $241.61 million. During the same quarter in the previous year, the company posted $1.30 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Analysts expect that Arctic Cat will post $3.25 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, March 13th. Shareholders of record on Friday, February 28th will be given a dividend of 0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Wednesday, February 26th.

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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