Polaris Industries Inc. (PII) Receives Consensus Rating of “Hold” from Analysts

Polaris Industries Inc. (NYSE:PII) has earned a consensus recommendation of “Hold” from the twenty-one ratings firms that are covering the firm. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $83.00.

Several research firms have recently issued reports on PII. Wunderlich restated a “buy” rating and set a $98.00 price objective on shares of Polaris Industries in a report on Tuesday, January 24th. B. Riley reissued a “neutral” rating and issued a $82.00 target price on shares of Polaris Industries in a research note on Monday, January 30th. Lake Street Capital upped their target price on shares of Polaris Industries from $85.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, January 25th. Zacks Investment Research cut shares of Polaris Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, January 25th. Finally, Royal Bank of Canada set a $79.00 target price on shares of Polaris Industries and gave the company a “hold” rating in a research note on Wednesday, January 25th.

Shares of Polaris Industries (NYSE:PII) traded up 1.88% during midday trading on Monday, hitting $81.18. The stock had a trading volume of 193,806 shares. Polaris Industries has a 12-month low of $70.14 and a 12-month high of $104.25. The stock has a market cap of $5.11 billion, a P/E ratio of 24.83 and a beta of 1.19. The stock has a 50-day moving average price of $84.16 and a 200-day moving average price of $83.52.

Polaris Industries (NYSE:PII) last posted its quarterly earnings data on Tuesday, January 24th. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.01. Polaris Industries had a net margin of 4.71% and a return on equity of 24.82%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the firm posted $1.66 EPS. The business’s revenue was up 10.1% compared to the same quarter last year. Equities analysts forecast that Polaris Industries will post $4.39 earnings per share for the current year.

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Institutional investors have recently made changes to their positions in the company. Rice Hall James & Associates LLC raised its position in shares of Polaris Industries by 3.0% in the first quarter. Rice Hall James & Associates LLC now owns 7,140 shares of the company’s stock worth $598,000 after buying an additional 205 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Polaris Industries by 1.8% in the first quarter. Nisa Investment Advisors LLC now owns 31,034 shares of the company’s stock worth $2,601,000 after buying an additional 550 shares during the last quarter. Conestoga Capital Advisors LLC raised its position in shares of Polaris Industries by 98.2% in the first quarter. Conestoga Capital Advisors LLC now owns 16,146 shares of the company’s stock worth $1,353,000 after buying an additional 8,000 shares during the last quarter. Somerset Trust Co raised its position in shares of Polaris Industries by 2.0% in the first quarter. Somerset Trust Co now owns 9,872 shares of the company’s stock worth $827,000 after buying an additional 198 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of Polaris Industries by 0.7% in the first quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the company’s stock worth $1,240,000 after buying an additional 100 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.

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.

5 Day Chart for NYSE:PII

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