Wedbush Raises Polaris Industries (NYSE:PII) Price Target to $119.00

Polaris Industries (NYSE:PII) had its price target upped by research analysts at Wedbush from $112.00 to $119.00 in a research note issued on Wednesday, January 3rd. The firm presently has a “neutral” rating on the stock. Wedbush’s price target would suggest a potential downside of 8.48% from the company’s previous close.

PII has been the subject of several other research reports. Zacks Investment Research upgraded shares of Polaris Industries from a “hold” rating to a “buy” rating and set a $117.00 price objective for the company in a research report on Friday, September 29th. KeyCorp reiterated a “hold” rating on shares of Polaris Industries in a research report on Wednesday, October 4th. Royal Bank of Canada reiterated a “sell” rating and set a $81.00 target price on shares of Polaris Industries in a research report on Friday, October 13th. Northcoast Research reiterated a “neutral” rating on shares of Polaris Industries in a research report on Friday, October 6th. Finally, BMO Capital Markets cut shares of Polaris Industries from an “outperform” rating to a “market perform” rating and set a $115.00 target price for the company. in a research report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $102.20.

Polaris Industries (NYSE:PII) opened at $130.03 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 1.00. Polaris Industries has a 1 year low of $77.91 and a 1 year high of $134.66. The firm has a market cap of $8,102.98, a P/E ratio of 41.02, a P/E/G ratio of 1.53 and a beta of 1.41.

Polaris Industries (NYSE:PII) last posted its quarterly earnings data on Tuesday, October 24th. The company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.24. Polaris Industries had a net margin of 3.90% and a return on equity of 33.81%. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the previous year, the company posted $0.50 EPS. Polaris Industries’s revenue was up 24.8% on a year-over-year basis. analysts expect that Polaris Industries will post 4.85 earnings per share for the current fiscal year.

In related news, SVP Stacy L. Bogart sold 20,000 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $122.05, for a total value of $2,441,000.00. Following the completion of the sale, the senior vice president now owns 30,975 shares in the company, valued at approximately $3,780,498.75. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Stephen L. Eastman sold 1,500 shares of the company’s stock in a transaction 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 owns 8,846 shares of the company’s stock, valued at approximately $1,129,811.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,102 shares of company stock valued at $7,174,301. 2.20% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. increased its position in shares of Polaris Industries by 0.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 8,523 shares of the company’s stock valued at $786,000 after buying an additional 35 shares in the last quarter. AMG Funds LLC increased its position in shares of Polaris Industries by 0.4% in the 2nd quarter. AMG Funds LLC now owns 11,805 shares of the company’s stock valued at $1,089,000 after buying an additional 42 shares in the last quarter. TLP Group LLC increased its position in shares of Polaris Industries by 1.7% in the 2nd quarter. TLP Group LLC now owns 4,475 shares of the company’s stock valued at $413,000 after buying an additional 75 shares in the last quarter. Ffcm LLC boosted its stake in Polaris Industries by 6.4% in the 2nd quarter. Ffcm LLC now owns 1,415 shares of the company’s stock worth $131,000 after purchasing an additional 85 shares during the period. Finally, Security National Bank of Sioux City Iowa IA boosted its stake in Polaris Industries by 1.3% in the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 7,649 shares of the company’s stock worth $706,000 after purchasing an additional 95 shares during the period. Institutional investors and hedge funds own 90.90% of the company’s stock.

WARNING: This piece was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be accessed at https://www.dispatchtribunal.com/2018/01/13/wedbush-raises-polaris-industries-pii-price-target-to-119-00.html.

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.

Analyst Recommendations for Polaris Industries (NYSE:PII)

Receive News & Ratings for Polaris Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply