Polaris Industries Price Target Cut to $142.00 by Analysts at UBS AG (PII)
Analysts at UBS AG reduced their price objective on shares of Polaris Industries (NYSE:PII) from $146.00 to $142.00 in a research report issued to clients and investors on Wednesday, Stock Ratings Network reports. UBS AG’s target price points to a potential upside of 10.83% from the company’s current price.
Polaris Industries (NYSE:PII) opened at 128.12 on Wednesday. Polaris Industries has a 52-week low of $82.80 and a 52-week high of $146.99. The stock’s 50-day moving average is $139.8 and its 200-day moving average is $126.9. The company has a market cap of $8.874 billion and a price-to-earnings ratio of 26.28.
Polaris Industries (NYSE:PII) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.01. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the company posted $1.24 earnings per share. The company’s revenue for the quarter was up 20.3% on a year-over-year basis. Analysts expect that Polaris Industries will post $5.39 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on PII. Analysts at Thomson Reuters/Verus upgraded shares of Polaris Industries from a “sell” rating to a “hold” rating in a research note to investors on Monday, January 20th. Separately, analysts at Ned Davis Research downgraded shares of Polaris Industries from a “buy” rating to a “neutral” rating in a research note to investors on Monday, January 13th. Finally, 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. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $146.61.
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).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.