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Arctic Cat (NASDAQ:ACAT) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Wednesday, reports. They currently have a $39.80 price objective on the stock. Zacks‘ target price suggests a potential downside of 4.88% from the company’s current price.

Shares of Arctic Cat (NASDAQ:ACAT) traded up 1.21% during mid-day trading on Wednesday, hitting $42.345. The stock had a trading volume of 290,713 shares. Arctic Cat has a 1-year low of $33.62 and a 1-year high of $61.13. The stock’s 50-day moving average is $54.57 and its 200-day moving average is $55.05. The company has a market cap of $569.4 million and a price-to-earnings ratio of 15.96.

Arctic Cat (NASDAQ:ACAT) last announced its earnings results on Thursday, January 23rd. The company reported $0.89 earnings per share for the quarter, missing the analysts’ 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 prior year, the company posted $1.30 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. Analysts expect that Arctic Cat will post $2.90 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, March 13th. Stockholders 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 0.96%. The ex-dividend date of this dividend is Wednesday, February 26th.

Several other analysts have also recently commented on the stock. Analysts at Raymond James downgraded shares of Arctic Cat from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, January 24th. Separately, 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. Finally, 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. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Arctic Cat presently has a consensus rating of “Hold” and a consensus price target of $44.03.

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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