Polaris Industries Sets New 1-Year High at $151.51 (PII)
Polaris Industries (NYSE:PII)’s share price hit a new 52-week high during mid-day trading on Monday , Analyst Ratings Network.com reports. The stock traded as high as $151.51 and last traded at $150.83, with a volume of 303,744 shares trading hands. The stock had previously closed at $147.62.
PII has been the subject of a number of recent research reports. 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. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Polaris Industries presently has a consensus rating of “Buy” and a consensus price target of $162.11.
The stock has a 50-day moving average of $140.4 and a 200-day moving average of $134.5. The company has a market cap of $9.909 billion and a P/E ratio of 25.59.
Polaris Industries (NYSE:PII) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.42 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.13 earnings per share. The company’s quarterly revenue was up 20.0% on a year-over-year basis. 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. 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 1.30%. 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 company’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $148.41, for a total value of $3,005,302.50. The sale was disclosed in a document filed with the SEC, 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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