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Analysts at Stephens initiated coverage on shares of Polaris Industries (NYSE:PII) in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating on the stock.

Polaris Industries (NYSE:PII) opened at 127.55 on Wednesday. Polaris Industries has a one year low of $91.77 and a one year high of $146.99. The stock has a 50-day moving average of $130.3 and a 200-day moving average of $134.5. The company has a market cap of $8.404 billion and a P/E ratio of 23.76.

Polaris Industries (NYSE:PII) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.19 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.07 earnings per share. Polaris Industries’s revenue was up 19.1% compared to the same quarter last year. On average, analysts predict that Polaris Industries will post $6.50 earnings per share for the current fiscal year.

PII has been the subject of a number of other recent research reports. Analysts at RBC Capital initiated coverage on shares of Polaris Industries in a research note on Tuesday. They set an “outperform” rating and a $154.00 price target on the stock. 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. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $150.26.

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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