Polaris Industries Inc. (PII) Given a $77.00 Price Target by Wedbush Analysts
Polaris Industries Inc. (NYSE:PII) has been assigned a $77.00 price objective by investment analysts at Wedbush in a report released on Thursday. The brokerage presently has a a “hold” rating on the stock. Wedbush’s price objective suggests a potential upside of 1.12% from the stock’s current price.
Other analysts have also recently issued reports about the company. B. Riley reissued a “neutral” rating and issued a $98.00 target price on shares of Polaris Industries in a research report on Monday, July 25th. BMO Capital Markets reaffirmed a “hold” rating on shares of Polaris Industries in a research note on Sunday, July 17th. Raymond James Financial Inc. reaffirmed a “market perform” rating on shares of Polaris Industries in a research note on Tuesday, July 12th. Zacks Investment Research downgraded Polaris Industries from a “hold” rating to a “sell” rating in a research note on Thursday, June 23rd. Finally, KeyCorp downgraded Polaris Industries from an “overweight” rating to a “sector weight” rating in a research note on Monday, September 12th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $83.60.
Shares of Polaris Industries (NYSE:PII) traded down 1.02% during mid-day trading on Thursday, hitting $75.37. The stock had a trading volume of 708,424 shares. The company has a market cap of $4.83 billion, a PE ratio of 13.02 and a beta of 1.46. The stock has a 50 day moving average price of $78.61 and a 200-day moving average price of $87.32. Polaris Industries has a 52-week low of $67.80 and a 52-week high of $124.39.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/13/polaris-industries-inc-pii-given-a-77-00-price-target-by-wedbush-analysts-2.html
Polaris Industries (NYSE:PII) last announced its earnings results on Wednesday, July 20th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.04. The firm earned $1.14 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Polaris Industries had a return on equity of 40.69% and a net margin of 8.21%. The business’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.49 EPS. On average, equities analysts expect that Polaris Industries will post $3.58 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend was Tuesday, August 30th. Polaris Industries’s dividend payout ratio (DPR) is presently 38.19%.
Large investors have recently made changes to their positions in the stock. Lazard Asset Management LLC boosted its stake in shares of Polaris Industries by 5,344.6% in the first quarter. Lazard Asset Management LLC now owns 94,300 shares of the company’s stock worth $9,286,000 after buying an additional 92,568 shares during the period. Rafferty Asset Management LLC bought a new stake in shares of Polaris Industries during the first quarter worth approximately $2,197,000. State Street Corp boosted its stake in shares of Polaris Industries by 78.1% in the first quarter. State Street Corp now owns 3,547,404 shares of the company’s stock worth $349,351,000 after buying an additional 1,555,422 shares during the period. BB&T Securities LLC boosted its stake in shares of Polaris Industries by 19.9% in the first quarter. BB&T Securities LLC now owns 22,827 shares of the company’s stock worth $2,248,000 after buying an additional 3,793 shares during the period. Finally, Bernicke & Associates LTD boosted its stake in shares of Polaris Industries by 9.7% in the first quarter. Bernicke & Associates LTD now owns 6,765 shares of the company’s stock worth $666,000 after buying an additional 597 shares during the period. Hedge funds and other institutional investors own 88.27% of the company’s stock.
Polaris Industries Company Profile
Polaris Industries Inc (Polaris) designs, engineers and manufactures off-road vehicles (ORV), including all-terrain vehicles (ATV) and side-by-side vehicles for recreational and utility use, snowmobiles, motorcycles and global adjacent markets vehicles, together with the related parts, garments and accessories.
Receive News & Ratings for Polaris Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.