Polaris Industries Inc. (PII) Price Target Raised to $115.00 at BMO Capital Markets
Polaris Industries Inc. (NYSE:PII) had its target price raised by equities research analysts at BMO Capital Markets from $110.00 to $115.00 in a research note issued on Friday. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 8.18% from the stock’s current price.
Several other equities analysts have also weighed in on PII. Wedbush restated a “neutral” rating and set a $75.00 price objective on shares of Polaris Industries in a research report on Tuesday, June 6th. Royal Bank Of Canada restated a “hold” rating and set a $79.00 price objective on shares of Polaris Industries in a research report on Friday, June 9th. BidaskClub upgraded shares of Polaris Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Zacks Investment Research lowered shares of Polaris Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, June 28th. Finally, Stifel Nicolaus raised their price objective on shares of Polaris Industries from $82.00 to $86.00 and gave the company a “hold” rating in a research report on Friday, July 14th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the stock. Polaris Industries presently has a consensus rating of “Hold” and an average price target of $90.14.
Shares of Polaris Industries (PII) traded up 0.24% during trading on Friday, reaching $106.51. 1,093,650 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $92.79 and its 200 day moving average price is $88.25. Polaris Industries has a 52 week low of $70.14 and a 52 week high of $108.03. The firm has a market capitalization of $6.66 billion, a PE ratio of 44.55 and a beta of 1.30.
Polaris Industries (NYSE:PII) last posted its quarterly earnings data on Thursday, July 20th. The company reported $1.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.08. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the firm posted $1.09 EPS. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. Analysts predict that Polaris Industries will post $4.48 EPS for the current fiscal year.
In other Polaris Industries news, CEO Scott W. Wine acquired 1,293 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The shares were purchased at an average price of $88.81 per share, with a total value of $114,831.33. Following the completion of the transaction, the chief executive officer now owns 317,000 shares in the company, valued at $28,152,770. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, SVP James P. Williams sold 5,250 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $93.24, for a total transaction of $489,510.00. Following the transaction, the senior vice president now directly owns 19,914 shares in the company, valued at approximately $1,856,781.36. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Gs Investments Inc. bought a new position in Polaris Industries during the second quarter valued at approximately $396,000. Advisory Services Network LLC raised its position in Polaris Industries by 7.0% during the second quarter. Advisory Services Network LLC now owns 2,952 shares of the company’s stock valued at $272,000 after acquiring an additional 193 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in Polaris Industries by 3.7% during the second quarter. Public Employees Retirement System of Ohio now owns 23,207 shares of the company’s stock valued at $2,140,000 after acquiring an additional 830 shares in the last quarter. Security National Bank of SO Dak raised its position in Polaris Industries by 6.0% during the second quarter. Security National Bank of SO Dak now owns 5,755 shares of the company’s stock valued at $531,000 after acquiring an additional 325 shares in the last quarter. Finally, Security National Bank of Sioux City Iowa IA raised its position in Polaris Industries by 1.3% during the second quarter. Security National Bank of Sioux City Iowa IA now owns 7,649 shares of the company’s stock valued at $706,000 after acquiring an additional 95 shares in the last quarter. 95.13% of the stock is currently owned by hedge funds and other institutional investors.
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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