Polaris Industries Inc. (PII) Now Covered by Analysts at Aegis
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.
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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.
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