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Stock analysts at RBC Capital increased their price target on shares of Polaris Industries (NYSE:PII) from $154.00 to $162.00 in a report issued on Wednesday. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective indicates a potential upside of 10.78% from the company’s current price.

Shares of 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 52-week low of $105.05 and a 52-week high of $146.99. The stock’s 50-day moving average is $131.0 and its 200-day moving average is $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 (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.13 earnings per share. The company’s revenue for the quarter was up 20.0% on a year-over-year basis. Analysts expect that Polaris Industries will post $6.52 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on PII. Analysts at B. Riley raised their price target on shares of Polaris Industries to $160.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, 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. 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 equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Polaris Industries currently has a consensus rating of “Buy” and an average target price of $152.83.

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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