Polaris Industries (NYSE:PII)‘s stock had its “hold” rating reissued by research analysts at BMO Capital Markets in a research note issued to investors on Monday.
Several other analysts have also issued reports on PII. Wedbush restated a “neutral” rating and issued a $119.00 price objective (up previously from $112.00) on shares of Polaris Industries in a research note on Wednesday, January 3rd. Zacks Investment Research lowered Polaris Industries from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Longbow Research upgraded Polaris Industries from an “underperform” rating to a “neutral” rating in a research note on Wednesday, January 17th. Stephens set a $133.00 price objective on Polaris Industries and gave the company a “hold” rating in a research note on Friday, January 19th. Finally, Royal Bank of Canada upgraded Polaris Industries from an “underperform” rating to a “sector perform” rating and set a $127.00 price objective on the stock in a research note on Monday, January 22nd. 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 has a consensus rating of “Hold” and a consensus price target of $112.50.
NYSE:PII opened at $119.28 on Monday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 1.11. The company has a market capitalization of $7,521.68, a price-to-earnings ratio of 24.59, a price-to-earnings-growth ratio of 1.30 and a beta of 1.16. Polaris Industries has a 12-month low of $77.91 and a 12-month high of $137.66.
Polaris Industries (NYSE:PII) last released its quarterly earnings data on Tuesday, January 30th. The company reported $1.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.47. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.35 billion. Polaris Industries had a return on equity of 35.38% and a net margin of 3.18%. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.97 earnings per share. equities research analysts predict that Polaris Industries will post 6.12 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of the stock. BlackRock Inc. grew its position in Polaris Industries by 2.7% during the fourth quarter. BlackRock Inc. now owns 5,467,176 shares of the company’s stock worth $677,874,000 after buying an additional 142,737 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Polaris Industries by 4.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 5,256,665 shares of the company’s stock worth $651,773,000 after buying an additional 202,244 shares in the last quarter. Geode Capital Management LLC grew its position in Polaris Industries by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 472,552 shares of the company’s stock worth $58,554,000 after buying an additional 10,183 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in Polaris Industries by 280.6% during the fourth quarter. TIAA CREF Investment Management LLC now owns 419,346 shares of the company’s stock worth $51,995,000 after buying an additional 309,159 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in Polaris Industries by 13.7% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 349,457 shares of the company’s stock worth $43,330,000 after buying an additional 42,094 shares in the last quarter. 85.16% of the stock is currently owned by institutional investors and hedge funds.
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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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