Polaris Industries Inc. (PII) Earns “Hold” Rating from KeyCorp
Polaris Industries Inc. (NYSE:PII)‘s stock had its “hold” rating reaffirmed by research analysts at KeyCorp in a note issued to investors on Wednesday. KeyCorp also issued estimates for Polaris Industries’ Q4 2017 earnings at $1.47 EPS and FY2017 earnings at $4.55 EPS.
A number of other equities research analysts have also recently commented on the stock. Royal Bank Of Canada reissued a “sell” rating and issued a $80.00 price objective on shares of Polaris Industries in a research note on Tuesday. Zacks Investment Research upgraded shares of Polaris Industries from a “hold” rating to a “buy” rating and set a $117.00 target price for the company in a report on Friday, September 29th. Stifel Nicolaus restated a “hold” rating and set a $98.00 target price (up previously from $87.00) on shares of Polaris Industries in a research report on Monday, September 18th. BMO Capital Markets lifted their target price on shares of Polaris Industries from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, September 15th. Finally, UBS AG reduced their price target on shares of Polaris Industries from $108.00 to $82.00 and set a “neutral” rating on the stock in a report on Friday, September 15th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. Polaris Industries currently has an average rating of “Hold” and an average price target of $91.31.
Shares of Polaris Industries (PII) traded up 0.95% on Wednesday, hitting $107.27. 143,711 shares of the company’s stock were exchanged. Polaris Industries has a 12-month low of $73.07 and a 12-month high of $108.46. The company’s 50-day moving average price is $99.01 and its 200 day moving average price is $90.05. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 44.86 and a beta of 1.31.
Polaris Industries (NYSE:PII) last announced its quarterly earnings results on Thursday, July 20th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.08. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter last year, the business posted $1.09 earnings per share. On average, equities analysts predict that Polaris Industries will post $4.48 earnings per share for the current fiscal year.
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In related news, SVP James P. Williams sold 5,250 shares of the stock in a transaction dated Thursday, August 31st. The stock was 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 $1,856,781.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Scott W. Wine bought 1,293 shares of Polaris Industries stock in a transaction that occurred on Friday, August 18th. The shares were acquired at an average price of $88.81 per share, for a total transaction of $114,831.33. Following the completion of the transaction, the chief executive officer now directly owns 317,000 shares of the company’s stock, valued at approximately $28,152,770. The disclosure for this purchase can be found here. 2.20% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of the business. Ffcm LLC acquired a new position in shares of Polaris Industries during the 4th quarter valued at about $106,000. Trust Co. of Vermont grew its holdings in Polaris Industries by 132.0% in the second quarter. Trust Co. of Vermont now owns 1,183 shares of the company’s stock valued at $109,000 after purchasing an additional 673 shares during the period. Mosaic Family Wealth LLC grew its holdings in Polaris Industries by 11.9% in the third quarter. Mosaic Family Wealth LLC now owns 1,529 shares of the company’s stock valued at $118,000 after purchasing an additional 162 shares during the period. IFP Advisors Inc grew its holdings in Polaris Industries by 1.0% in the second quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock valued at $118,000 after purchasing an additional 13 shares during the period. Finally, NEXT Financial Group Inc grew its holdings in Polaris Industries by 1,315.0% in the first quarter. NEXT Financial Group Inc now owns 1,415 shares of the company’s stock valued at $121,000 after purchasing an additional 1,315 shares during the period. 95.20% of the stock is currently 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.
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