Polaris Industries Inc. (NYSE:PII) was upgraded by equities research analysts at TheStreet from a “c” rating to a “b-” rating in a research report issued on Thursday.

Several other equities research analysts have also weighed in on the stock. Northcoast Research reiterated a “hold” rating on shares of Polaris Industries in a research note on Monday, March 27th. BMO Capital Markets reiterated a “buy” rating and set a $100.00 price objective on shares of Polaris Industries in a research note on Thursday, April 27th. Zacks Investment Research upgraded shares of Polaris Industries from a “strong sell” rating to a “hold” rating in a research note on Saturday, April 15th. Wedbush reiterated a “neutral” rating and set a $75.00 price objective on shares of Polaris Industries in a research note on Tuesday, June 6th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $79.00 price objective on shares of Polaris Industries in a research note on Friday, June 9th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $86.80.

Polaris Industries (NYSE PII) traded down 2.18% during trading on Thursday, hitting $94.33. The company had a trading volume of 1,167,028 shares. Polaris Industries has a 12 month low of $70.14 and a 12 month high of $99.16. The company’s 50 day moving average price is $89.13 and its 200-day moving average price is $86.39. The company has a market cap of $5.93 billion, a PE ratio of 39.45 and a beta of 1.32.

Polaris Industries (NYSE:PII) last issued its earnings results on Thursday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.08. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.26 billion. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.09 EPS. Equities analysts expect that Polaris Industries will post $4.44 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This piece of content was published by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/07/23/polaris-industries-inc-nysepii-raised-to-b-at-thestreet.html.

In other news, Director Gwenne A. Henricks acquired 1,200 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The stock was purchased at an average price of $92.27 per share, with a total value of $110,724.00. Following the purchase, the director now owns 1,200 shares of the company’s stock, valued at approximately $110,724. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Matthew J. Homan sold 2,600 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $86.96, for a total transaction of $226,096.00. Following the completion of the transaction, the insider now directly owns 20,871 shares of the company’s stock, valued at approximately $1,814,942.16. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Gulf International Bank UK Ltd raised its position in Polaris Industries by 1.1% in the first quarter. Gulf International Bank UK Ltd now owns 18,473 shares of the company’s stock worth $1,548,000 after buying an additional 200 shares in the last quarter. GW&K Investment Management LLC purchased a new position in Polaris Industries during the first quarter worth approximately $11,529,000. Sheets Smith Wealth Management bought a new stake in Polaris Industries during the first quarter worth about $204,000. Raymond James Trust N.A. increased its stake in Polaris Industries by 25.7% in the first quarter. Raymond James Trust N.A. now owns 7,080 shares of the company’s stock worth $593,000 after buying an additional 1,447 shares during the last quarter. Finally, Confluence Investment Management LLC increased its stake in Polaris Industries by 444.9% in the first quarter. Confluence Investment Management LLC now owns 730,568 shares of the company’s stock worth $61,222,000 after buying an additional 596,497 shares during the last quarter. 93.85% of the stock is owned by hedge funds and other institutional investors.

Polaris Industries Company Profile

Polaris Industries Inc designs, engineers and manufactures powersports vehicles, which include 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, including Work and Transportation and military vehicles.

Analyst Recommendations for Polaris Industries (NYSE:PII)

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.