Polaris Industries Inc. (PII) Upgraded to “Hold” at BidaskClub
Polaris Industries Inc. (NYSE:PII) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.
Other equities analysts have also issued research reports about the company. B. Riley reiterated a “neutral” rating and set a $84.00 target price on shares of Polaris Industries in a research note on Wednesday, April 26th. Stifel Nicolaus reiterated a “hold” rating and set a $87.00 target price (up previously from $86.00) on shares of Polaris Industries in a research note on Monday, July 24th. Aegis assumed coverage on Polaris Industries in a research note on Thursday. They set a “buy” rating and a $107.00 target price on the stock. Longbow Research reiterated an “underperform” rating and set a $60.00 target price on shares of Polaris Industries in a research note on Monday, July 17th. Finally, Royal Bank Of Canada lowered Polaris Industries from a “sector perform” rating to an “underperform” rating and set a $80.00 target price on the stock. in a research note on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $88.13.
Polaris Industries (NYSE PII) traded up 0.50% during mid-day trading on Friday, hitting $89.32. The stock had a trading volume of 511,738 shares. The stock’s 50 day moving average price is $90.40 and its 200 day moving average price is $87.01. The firm has a market capitalization of $5.59 billion, a price-to-earnings ratio of 37.36 and a beta of 1.31. Polaris Industries has a one year low of $70.14 and a one year high of $99.16.
Polaris Industries (NYSE:PII) last announced its earnings results on Thursday, July 20th. The company reported $1.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.08. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.26 billion. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. The firm’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.09 earnings per share. Analysts forecast that Polaris Industries will post $4.47 EPS for the current year.
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Institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of 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 shares of 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 shares of 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 shares of 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 shares of 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. Institutional investors own 93.65% of the company’s stock.
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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