Polaris Industries Receives Average Rating of “Buy” from Analysts (NYSE:PII)
Shares of Polaris Industries (NYSE:PII) have been given a consensus rating of “Buy” by the eleven brokerages that are presently covering the stock, Analyst Ratings Network.com reports. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $162.11.
A number of research firms have recently commented on PII. Analysts at BMO Capital Markets raised their price target on shares of Polaris Industries from $155.00 to $170.00 in a research note on Thursday, July 31st. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Polaris Industries in a research note on Tuesday, July 29th. They now have a $174.00 price target on the stock, up previously from $159.00. Finally, 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.
Shares of Polaris Industries (NYSE:PII) opened at 147.05 on Wednesday. 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 $137.5 and its 200-day moving average is $134.1. The company has a market cap of $9.699 billion and a price-to-earnings ratio of 25.26.
Polaris Industries (NYSE:PII) last released its earnings data 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 $6.59 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders 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.
In other Polaris Industries news, VP David C. Longren sold 20,250 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $148.41, for a total value of $3,005,302.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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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