Polaris Industries Given New $170.00 Price Target at BMO Capital Markets (PII)
Equities researchers at BMO Capital Markets upped their price objective on shares of Polaris Industries (NYSE:PII) from $155.00 to $170.00 in a research report issued on Thursday. BMO Capital Markets’ price objective points to a potential upside of 15.77% from the stock’s previous close.
A number of other analysts have also recently weighed in on PII. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Polaris Industries in a research note on Tuesday. They now have a $174.00 price target on the stock, up previously from $159.00. Separately, analysts at RBC Capital raised their price target on shares of Polaris Industries from $154.00 to $162.00 in a research note on Wednesday, July 23rd. They now have an “outperform” rating on the stock. Finally, analysts at B. Riley raised their price target on shares of Polaris Industries to $160.00 in a research note on Wednesday, July 23rd. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Polaris Industries currently has an average rating of “Buy” and an average price target of $159.83.
Polaris Industries (NYSE:PII) traded down 0.47% during mid-day trading on Thursday, hitting $146.84. 685,846 shares of the company’s stock traded hands. Polaris Industries has a 52-week low of $108.68 and a 52-week high of $151.00. The stock’s 50-day moving average is $135.2 and its 200-day moving average is $133.8. The company has a market cap of $9.686 billion and a P/E ratio of 25.58.
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. On average, analysts predict that Polaris Industries will post $6.59 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Tuesday, September 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 1.31%. The ex-dividend date of this dividend is Thursday, August 28th.
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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