Polaris Industries (NYSE:PII) had its target price lowered by stock analysts at Wedbush from $117.00 to $105.00 in a note issued to investors on Tuesday, The Fly reports. The firm presently has an “outperform” rating on the stock. Wedbush’s price target points to a potential upside of 25.42% from the company’s current price. Wedbush also issued estimates for Polaris Industries’ Q3 2019 earnings at $1.65 EPS, Q4 2019 earnings at $1.51 EPS, FY2019 earnings at $5.96 EPS and FY2020 earnings at $5.91 EPS.
Several other brokerages also recently weighed in on PII. Lake Street Capital raised their target price on USA Technologies from $4.50 to $7.00 and gave the company a “hold” rating in a research note on Thursday, June 6th. SunTrust Banks lifted their price target on Polaris Industries to $102.00 and gave the company a “hold” rating in a report on Wednesday, April 24th. ValuEngine cut Viewray from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Citigroup set a $86.00 price target on shares of Prologis and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Finally, Goldman Sachs Group set a $131.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Polaris Industries has an average rating of “Hold” and a consensus target price of $107.38.
Polaris Industries stock traded down $0.28 during midday trading on Tuesday, reaching $83.72. The company’s stock had a trading volume of 339,518 shares, compared to its average volume of 691,371. The stock’s 50-day simple moving average is $87.48. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.31 and a quick ratio of 0.39. Polaris Industries has a 52-week low of $70.27 and a 52-week high of $125.43. The firm has a market capitalization of $5.08 billion, a PE ratio of 12.76, a P/E/G ratio of 0.91 and a beta of 1.32.
Polaris Industries (NYSE:PII) last released its earnings results on Tuesday, April 23rd. The company reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.16. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Polaris Industries had a return on equity of 46.89% and a net margin of 5.22%. Polaris Industries’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.08 EPS. Equities research analysts predict that Polaris Industries will post 6.17 earnings per share for the current year.
In other Polaris Industries news, insider Stephen L. Eastman sold 8,028 shares of Polaris Industries stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $97.97, for a total value of $786,503.16. Following the completion of the sale, the insider now owns 17,706 shares in the company, valued at approximately $1,734,656.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.90% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Private Capital Group LLC grew its position in Polaris Industries by 97.6% in the 1st quarter. Private Capital Group LLC now owns 889 shares of the company’s stock valued at $75,000 after acquiring an additional 439 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in Polaris Industries in the first quarter valued at about $84,000. Claybrook Capital LLC purchased a new stake in Polaris Industries in the fourth quarter valued at about $86,000. Squar Milner Financial Services LLC raised its stake in shares of Polaris Industries by 33.4% in the first quarter. Squar Milner Financial Services LLC now owns 1,177 shares of the company’s stock worth $99,000 after purchasing an additional 295 shares during the last quarter. Finally, Columbia Asset Management purchased a new position in shares of Polaris Industries in the first quarter worth about $112,000. 78.45% of the stock is currently owned by institutional investors.
Polaris Industries Company Profile
Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates in five segments: ORV/Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bike conversion kit systems; motorcycles; low emission, light duty hauling, passenger, and industrial vehicles; and boats.
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