Polaris Industries Given Consensus Rating of “Buy” by Analysts (NYSE:PII)
Shares of Polaris Industries (NYSE:PII) have earned a consensus rating of “Buy” from the ten analysts that are presently covering the stock, Analyst Ratings.Net reports. Two research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $149.79.
Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Polaris Industries in a research note on Monday, April 28th. They now have a $159.00 price target on the stock.
Polaris Industries (NYSE:PII) opened at 127.46 on Friday. Polaris Industries has a one year low of $90.50 and a one year high of $146.99. The stock has a 50-day moving average of $135.5 and a 200-day moving average of $135.. The company has a market cap of $8.398 billion and a P/E ratio of 23.28.
Polaris Industries (NYSE:PII) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.03. The company had revenue of $888.30 million for the quarter, compared to the consensus estimate of $891.91 million. During the same quarter in the previous year, the company posted $1.07 earnings per share. The company’s revenue for the quarter was up 19.1% on a year-over-year basis. Analysts expect that Polaris Industries will post $6.50 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Thursday, May 29th.
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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