Polaris Industries Price Target Raised to $160.00 at B. Riley (PII)
Research analysts at B. Riley lifted their price target on shares of Polaris Industries (NYSE:PII) to $160.00 in a report released on Wednesday. The firm currently has a “buy” rating on the stock. B. Riley’s price objective indicates a potential upside of 9.42% from the company’s current price.
A number of other firms have also recently commented on PII. Analysts at Stephens initiated coverage on shares of Polaris Industries in a research note on Wednesday, June 25th. They set an “overweight” rating and a $163.00 price target on the stock. Separately, analysts at RBC Capital initiated coverage on shares of Polaris Industries in a research note on Tuesday, June 24th. They set an “outperform” rating and a $154.00 price target on the stock. Finally, 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 research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $152.83.
Polaris Industries (NYSE:PII) traded up 0.49% on Wednesday, hitting $146.23. The stock had a trading volume of 890,983 shares. Polaris Industries has a one year low of $105.05 and a one year high of $146.99. The stock has a 50-day moving average of $131.0 and a 200-day moving average of $133.. The company has a market cap of $9.635 billion and a price-to-earnings ratio of 26.58.
Polaris Industries (NYSE:PII) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.42 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.39 by $0.03. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1,000.00 million. During the same quarter last year, the company posted $1.13 earnings per share. Polaris Industries’s revenue was up 20.0% compared to the same quarter last year. Analysts expect that Polaris Industries will post $6.52 EPS for the current fiscal year.
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.