Investment Analysts’ Recent Ratings Changes for Polaris Industries (PII)

Polaris Industries (NYSE: PII) has recently received a number of price target changes and ratings updates:

  • 2/6/2018 – Polaris Industries was upgraded by analysts at Wells Fargo & Co from a “market perform” rating to an “outperform” rating.
  • 2/6/2018 – Polaris Industries had its price target lowered by analysts at Citigroup Inc from $136.00 to $129.00. They now have a “buy” rating on the stock.
  • 2/2/2018 – Polaris Industries was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $127.00 price target on the stock. According to Zacks, “Polaris Industries Inc. is a global power sports leader that has been fueling the passion of riders, workers and outdoor enthusiasts for years. With annual 2016 sales of $4.5 billion, Polaris’ innovative, high-quality product line-up includes the RANGER, RZR and Polaris GENERAL side-by-side off-road vehicles; the Sportsman and Polaris ACE all-terrain off-road vehicles; Indian Motorcycle midsize and heavyweight motorcycles; Slingshot moto-roadsters; and Polaris RMK, INDY, Switchback and RUSH snowmobiles. Polaris enhances the riding experience with parts, garments and accessories, along with a growing aftermarket portfolio, including Transamerican Auto Parts. Polaris’ presence in adjacent markets globally includes military and commercial off-road vehicles, quadricycles, and electric vehicles. “
  • 2/1/2018 – Polaris Industries was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Polaris Industries Inc. is a global power sports leader that has been fueling the passion of riders, workers and outdoor enthusiasts for years. With annual 2016 sales of $4.5 billion, Polaris’ innovative, high-quality product line-up includes the RANGER, RZR and Polaris GENERAL side-by-side off-road vehicles; the Sportsman and Polaris ACE all-terrain off-road vehicles; Indian Motorcycle midsize and heavyweight motorcycles; Slingshot moto-roadsters; and Polaris RMK, INDY, Switchback and RUSH snowmobiles. Polaris enhances the riding experience with parts, garments and accessories, along with a growing aftermarket portfolio, including Transamerican Auto Parts. Polaris’ presence in adjacent markets globally includes military and commercial off-road vehicles, quadricycles, and electric vehicles. “
  • 1/31/2018 – Polaris Industries had its “hold” rating reaffirmed by analysts at B. Riley. They now have a $118.00 price target on the stock.
  • 1/31/2018 – Polaris Industries was upgraded by analysts at Royal Bank of Canada to a “sector perform” rating. They now have a $113.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/31/2018 – Polaris Industries had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $105.00 price target on the stock.
  • 1/31/2018 – Polaris Industries had its “hold” rating reaffirmed by analysts at Stephens. They now have a $132.00 price target on the stock.
  • 1/29/2018 – Polaris Industries had its “market perform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $144.00 price target on the stock, up previously from $121.00.
  • 1/22/2018 – Polaris Industries was upgraded by analysts at Royal Bank of Canada from an “underperform” rating to a “sector perform” rating. They now have a $127.00 price target on the stock.
  • 1/20/2018 – Polaris Industries was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $148.00 price target on the stock. According to Zacks, “Polaris Industries Inc. is a global power sports leader that has been fueling the passion of riders, workers and outdoor enthusiasts for years. With annual 2016 sales of $4.5 billion, Polaris’ innovative, high-quality product line-up includes the RANGER, RZR and Polaris GENERAL side-by-side off-road vehicles; the Sportsman and Polaris ACE all-terrain off-road vehicles; Indian Motorcycle midsize and heavyweight motorcycles; Slingshot moto-roadsters; and Polaris RMK, INDY, Switchback and RUSH snowmobiles. Polaris enhances the riding experience with parts, garments and accessories, along with a growing aftermarket portfolio, including Transamerican Auto Parts. Polaris’ presence in adjacent markets globally includes military and commercial off-road vehicles, quadricycles, and electric vehicles. “
  • 1/19/2018 – Polaris Industries was given a new $133.00 price target on by analysts at Stephens. They now have a “hold” rating on the stock.
  • 1/17/2018 – Polaris Industries was upgraded by analysts at Longbow Research from an “underperform” rating to a “neutral” rating.
  • 1/4/2018 – Polaris Industries was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Polaris Industries Inc. is a global power sports leader that has been fueling the passion of riders, workers and outdoor enthusiasts for years. With annual 2016 sales of $4.5 billion, Polaris’ innovative, high-quality product line-up includes the RANGER, RZR and Polaris GENERAL side-by-side off-road vehicles; the Sportsman and Polaris ACE all-terrain off-road vehicles; Indian Motorcycle midsize and heavyweight motorcycles; Slingshot moto-roadsters; and Polaris RMK, INDY, Switchback and RUSH snowmobiles. Polaris enhances the riding experience with parts, garments and accessories, along with a growing aftermarket portfolio, including Transamerican Auto Parts. Polaris’ presence in adjacent markets globally includes military and commercial off-road vehicles, quadricycles, and electric vehicles. “
  • 1/3/2018 – Polaris Industries had its price target raised by analysts at Wedbush from $112.00 to $119.00. They now have a “neutral” rating on the stock.
  • 1/3/2018 – Polaris Industries had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $119.00 price target on the stock, up previously from $112.00.

Shares of Polaris Industries Inc. (NYSE:PII) opened at $111.91 on Monday. The stock has a market cap of $7,000.00, a P/E ratio of 41.60, a price-to-earnings-growth ratio of 1.22 and a beta of 1.27. Polaris Industries Inc. has a fifty-two week low of $77.91 and a fifty-two week high of $137.66. The company has a current ratio of 1.11, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93.

Polaris Industries (NYSE:PII) last released its earnings results on Tuesday, January 30th. The company reported $1.47 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.47. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.35 billion. Polaris Industries had a net margin of 3.18% and a return on equity of 35.38%. The firm’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.97 EPS. equities analysts predict that Polaris Industries Inc. will post 6.12 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This is a positive change from Polaris Industries’s previous quarterly dividend of $0.58. This represents a $2.40 dividend on an annualized basis and a yield of 2.14%. Polaris Industries’s dividend payout ratio is 86.25%.

In other Polaris Industries news, SVP James P. Williams sold 20,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $127.08, for a total value of $2,541,600.00. Following the sale, the senior vice president now directly owns 22,664 shares of the company’s stock, valued at approximately $2,880,141.12. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Stephen L. Eastman sold 1,500 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $127.72, for a total transaction of $191,580.00. Following the completion of the sale, the insider now directly owns 8,846 shares in the company, valued at $1,129,811.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,602 shares of company stock worth $2,741,836. 2.20% of the stock is owned by company insiders.

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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