Polaris Industries Receives Consensus Recommendation of “Buy” from Analysts (NYSE:PII)
Polaris Industries (NYSE:PII) has been given a consensus recommendation of “Buy” by the eleven ratings firms that are covering the company, StockRatingsNetwork reports. Three analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $148.16.
A number of research firms have recently commented on PII. Analysts at UBS AG raised their price target on shares of Polaris Industries from $142.00 to $146.00 in a research note on Wednesday, January 29th. They now have a “buy” rating on the stock. Separately, analysts at B. Riley upgraded shares of Polaris Industries from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 29th. They now have a $155.00 price target on the stock, up previously from $152.00. They noted that the move was a valuation call.
Shares of Polaris Industries (NYSE:PII) opened at 124.30 on Tuesday. 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 $136.4 and its 200-day moving average is $128.2. The company has a market cap of $8.365 billion and a P/E ratio of 23.25.
Polaris Industries (NYSE:PII) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.56 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.24 earnings per share. The company’s quarterly revenue was up 20.3% on a year-over-year basis. On average, analysts predict that Polaris Industries will post $6.46 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Thursday, February 27th. This is a boost from Polaris Industries’s previous quarterly dividend of $0.42.
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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