TheStreet upgraded shares of Polaris Industries Inc. (NYSE:PII) from a c rating to a b- rating in a research note released on Thursday, July 20th.
Several other research analysts have also recently issued reports on PII. B. Riley reiterated a neutral rating and issued a $84.00 price objective on shares of Polaris Industries in a research report on Monday, May 1st. Stifel Nicolaus increased their price objective on Polaris Industries from $82.00 to $86.00 and gave the stock a hold rating in a research report on Friday, July 14th. Robert W. Baird cut Polaris Industries from an outperform rating to a neutral rating and increased their price objective for the stock from $88.00 to $96.00 in a research report on Friday, July 21st. Royal Bank Of Canada cut Polaris Industries from a sector perform rating to an underperform rating and set a $80.00 price objective for the company. in a research report on Friday, July 21st. Finally, Longbow Research reiterated an underperform rating and issued a $60.00 price objective on shares of Polaris Industries in a research report on Monday, July 17th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $86.87.
Shares of Polaris Industries (NYSE:PII) opened at 88.88 on Thursday. The stock’s 50 day moving average is $90.47 and its 200-day moving average is $86.97. Polaris Industries has a 52 week low of $70.14 and a 52 week high of $99.16. The company has a market cap of $5.56 billion, a price-to-earnings ratio of 37.17 and a beta of 1.31.
Polaris Industries (NYSE:PII) last released its quarterly earnings results on Thursday, July 20th. The company reported $1.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.08. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 earnings per share. On average, equities analysts anticipate that Polaris Industries will post $4.48 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: “Polaris Industries Inc. (PII) Upgraded by TheStreet to “B-“” was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://stocknewstimes.com/2017/08/18/polaris-industries-inc-pii-upgraded-at-thestreet-updated-updated-updated.html.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Wednesday, August 30th. Polaris Industries’s payout ratio is 97.07%.
A number of hedge funds have recently modified their holdings of PII. Trust Co. of Vermont raised its stake in shares of Polaris Industries by 132.0% in the second quarter. Trust Co. of Vermont now owns 1,183 shares of the company’s stock worth $109,000 after buying an additional 673 shares during the last quarter. Ffcm LLC raised its stake in shares of Polaris Industries by 4.3% in the first quarter. Ffcm LLC now owns 1,330 shares of the company’s stock worth $112,000 after buying an additional 55 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Polaris Industries by 1.0% in the second quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock worth $118,000 after buying an additional 13 shares during the last quarter. NEXT Financial Group Inc raised its stake in shares of Polaris Industries by 1,315.0% in the first quarter. NEXT Financial Group Inc now owns 1,415 shares of the company’s stock worth $121,000 after buying an additional 1,315 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its stake in shares of Polaris Industries by 4.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,627 shares of the company’s stock worth $127,000 after buying an additional 70 shares during the last quarter. 93.65% of the stock is currently owned by hedge funds and other institutional investors.
About Polaris Industries
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.
Receive News & Ratings for Polaris Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
