Stock analysts at Aegis began coverage on shares of Polaris Industries Inc. (NYSE:PII) in a research note issued on Thursday, The Fly reports. The firm set a “buy” rating on the stock.

A number of other equities research analysts also recently commented on the company. BidaskClub downgraded Polaris Industries from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Zacks Investment Research downgraded Polaris Industries from a “buy” rating to a “hold” rating in a report on Saturday, July 29th. Stifel Nicolaus reaffirmed a “hold” rating and set a $87.00 target price (up previously from $86.00) on shares of Polaris Industries in a report on Monday, July 24th. TheStreet raised Polaris Industries from a “c” rating to a “b-” rating in a report on Thursday, July 20th. Finally, Lake Street Capital lifted their target price on Polaris Industries from $102.00 to $106.00 and gave the stock a “buy” rating in a report on Friday, July 21st. Three 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. Polaris Industries currently has an average rating of “Hold” and an average price target of $86.87.

Shares of Polaris Industries (NYSE:PII) opened at 89.33 on Thursday. The stock’s 50 day moving average is $90.54 and its 200 day moving average is $86.96. Polaris Industries has a 52-week low of $70.14 and a 52-week high of $99.16. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of 37.36 and a beta of 1.31.

Polaris Industries (NYSE:PII) last released its earnings results on Thursday, July 20th. The company reported $1.16 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.08. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the company posted $1.09 earnings per share. The company’s revenue was up 20.7% compared to the same quarter last year. On average, equities analysts predict that Polaris Industries will post $4.48 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This report was first posted by American Banking News and is the property of of American Banking News. If you are accessing this report on another publication, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The legal version of this report can be read at https://www.americanbankingnews.com/2017/08/17/polaris-industries-inc-pii-now-covered-by-analysts-at-aegis.html.

Several institutional investors have recently made changes to their positions in PII. BlackRock Inc. raised its position in Polaris Industries by 3,542.9% in the first quarter. BlackRock Inc. now owns 5,359,600 shares of the company’s stock valued at $449,135,000 after buying an additional 5,212,474 shares during the last quarter. Janus Henderson Group PLC raised its position in Polaris Industries by 27,968.2% in the second quarter. Janus Henderson Group PLC now owns 2,411,062 shares of the company’s stock valued at $222,372,000 after buying an additional 2,402,472 shares during the last quarter. Kiltearn Partners LLP raised its position in Polaris Industries by 356.1% in the first quarter. Kiltearn Partners LLP now owns 1,741,176 shares of the company’s stock valued at $145,911,000 after buying an additional 1,359,430 shares during the last quarter. Cincinnati Financial Corp raised its position in Polaris Industries by 3,020.0% in the first quarter. Cincinnati Financial Corp now owns 780,000 shares of the company’s stock valued at $65,364,000 after buying an additional 755,000 shares during the last quarter. Finally, Janus Capital Management LLC raised its position in Polaris Industries by 36.6% in the first quarter. Janus Capital Management LLC now owns 2,344,287 shares of the company’s stock valued at $196,447,000 after buying an additional 627,535 shares during the last quarter. 93.65% of the stock is currently owned by institutional investors and hedge funds.

About Polaris Industries

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.

The Fly

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.