Stifel Nicolaus reissued their hold rating on shares of Polaris Industries (NYSE:PII) in a research report report published on Friday morning, MarketBeat reports. The firm currently has a $114.00 target price on the stock, up from their prior target price of $112.00.
Several other analysts also recently weighed in on PII. BMO Capital Markets restated a hold rating and set a $125.00 price objective (up from $105.00) on shares of Polaris Industries in a research report on Monday, April 9th. Zacks Investment Research downgraded Polaris Industries from a hold rating to a sell rating in a research report on Wednesday, April 4th. Citigroup dropped their price objective on Polaris Industries from $136.00 to $129.00 and set a buy rating for the company in a research report on Tuesday, February 6th. Royal Bank of Canada upgraded Polaris Industries to a sector perform rating and set a $113.00 price objective for the company in a research report on Wednesday, January 31st. They noted that the move was a valuation call. Finally, B. Riley restated a hold rating and set a $118.00 price objective on shares of Polaris Industries in a research report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $114.13.
NYSE:PII opened at $122.85 on Friday. The firm has a market cap of $7,749.90, a PE ratio of 25.33, a P/E/G ratio of 1.34 and a beta of 1.16. The company has a quick ratio of 0.42, a current ratio of 1.11 and a debt-to-equity ratio of 0.93. Polaris Industries has a fifty-two week low of $78.10 and a fifty-two week high of $137.66.
Polaris Industries (NYSE:PII) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $1.47 earnings per share for the quarter, hitting the consensus estimate of $1.47. Polaris Industries had a return on equity of 35.38% and a net margin of 3.18%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the company earned $0.97 EPS. Polaris Industries’s revenue for the quarter was up 17.5% on a year-over-year basis. research analysts expect that Polaris Industries will post 6.12 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the business. WINTON GROUP Ltd acquired a new stake in shares of Polaris Industries in the fourth quarter valued at about $6,145,000. Chicago Equity Partners LLC acquired a new stake in shares of Polaris Industries in the fourth quarter valued at about $5,275,000. SG Americas Securities LLC increased its stake in shares of Polaris Industries by 203.1% in the fourth quarter. SG Americas Securities LLC now owns 33,898 shares of the company’s stock valued at $4,203,000 after buying an additional 22,715 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Polaris Industries by 4.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 5,256,665 shares of the company’s stock valued at $651,773,000 after buying an additional 202,244 shares during the period. Finally, Navellier & Associates Inc acquired a new stake in shares of Polaris Industries in the fourth quarter valued at about $1,220,000. Hedge funds and other institutional investors own 85.35% of the company’s stock.
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Polaris Industries Company Profile
Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. The company operates through four segments: Off-Road Vehicles (ORVs)/Snowmobiles, Motorcycles, Global Adjacent Markets, and Aftermarket. It offers ORVs, including all-terrain vehicles and side-by-side vehicles for recreational and utility use; snowmobiles; motorcycles; and low emission, light duty hauling, passenger, commercial, and industrial vehicles, as well as snow bike conversion kit systems.
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