Polaris Industries Inc. (PII) Given a $77.00 Price Target by Wedbush Analysts
Polaris Industries Inc. (NYSE:PII) has been given a $77.00 target price by equities research analysts at Wedbush in a research note issued to investors on Thursday. The firm presently has a a “hold” rating on the stock. Wedbush’s price objective indicates a potential upside of 1.12% from the company’s previous close.
Other research analysts also recently issued reports about the company. Lake Street Capital reissued a “buy” rating and issued a $106.00 price objective (down from $121.00) on shares of Polaris Industries in a research note on Wednesday, June 29th. Wunderlich reaffirmed a “buy” rating and issued a $112.00 price target on shares of Polaris Industries in a research report on Sunday, July 24th. TheStreet raised Polaris Industries from a “hold” rating to a “buy” rating in a research report on Monday, August 15th. Citigroup Inc. lifted their price target on Polaris Industries from $100.00 to $107.00 and gave the stock a “buy” rating in a research report on Monday, August 29th. Finally, RBC Capital Markets reaffirmed a “hold” rating and issued a $88.00 price target on shares of Polaris Industries in a research report on Wednesday, July 27th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $83.60.
Polaris Industries (NYSE:PII) traded down 1.01% during midday trading on Thursday, reaching $75.38. The company’s stock had a trading volume of 670,043 shares. Polaris Industries has a 1-year low of $67.80 and a 1-year high of $124.39. The firm has a 50 day moving average price of $78.61 and a 200 day moving average price of $87.32. The firm has a market capitalization of $4.83 billion, a PE ratio of 13.02 and a beta of 1.46.
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Polaris Industries (NYSE:PII) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $1.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.04. Polaris Industries had a return on equity of 40.69% and a net margin of 8.21%. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the business earned $1.49 EPS. The firm’s revenue was up .6% compared to the same quarter last year. On average, analysts predict that Polaris Industries will post $3.58 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date was Tuesday, August 30th. Polaris Industries’s dividend payout ratio is currently 38.19%.
Institutional investors have recently modified their holdings of the stock. Capstone Asset Management Co. raised its position in shares of Polaris Industries by 0.5% in the third quarter. Capstone Asset Management Co. now owns 5,936 shares of the company’s stock valued at $460,000 after buying an additional 32 shares during the period. Reliance Trust Co. of Delaware raised its position in shares of Polaris Industries by 1.1% in the second quarter. Reliance Trust Co. of Delaware now owns 3,682 shares of the company’s stock valued at $301,000 after buying an additional 39 shares during the period. CIBC Asset Management Inc raised its position in shares of Polaris Industries by 1.6% in the second quarter. CIBC Asset Management Inc now owns 3,796 shares of the company’s stock valued at $310,000 after buying an additional 58 shares during the period. Moors & Cabot Inc. raised its position in shares of Polaris Industries by 2.4% in the second quarter. Moors & Cabot Inc. now owns 2,536 shares of the company’s stock valued at $206,000 after buying an additional 60 shares during the period. Finally, Security National Bank of Sioux City Iowa IA raised its position in shares of Polaris Industries by 1.1% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 5,760 shares of the company’s stock valued at $471,000 after buying an additional 60 shares during the period. 88.27% of the stock is currently owned by institutional investors and hedge funds.
About Polaris Industries
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.
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