Polaris Industries (PII) Lifted to Neutral at Longbow Research

Longbow Research upgraded shares of Polaris Industries (NYSE:PII) from an underperform rating to a neutral rating in a report released on Wednesday morning, Marketbeat reports.

A number of other research firms also recently commented on PII. Zacks Investment Research downgraded shares of Polaris Industries from a buy rating to a hold rating in a research note on Thursday, January 4th. Wedbush reaffirmed a neutral rating and set a $119.00 price objective (up previously from $112.00) on shares of Polaris Industries in a research note on Wednesday, January 3rd. Stifel Nicolaus upped their price objective on shares of Polaris Industries from $100.00 to $108.00 and gave the company a hold rating in a research note on Wednesday, October 25th. Royal Bank of Canada increased their target price on shares of Polaris Industries from $81.00 to $91.00 and gave the stock an underperform rating in a research report on Wednesday, October 25th. Finally, Wells Fargo & Co reissued a market perform rating and set a $115.00 target price (up previously from $93.00) on shares of Polaris Industries in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $106.06.

Polaris Industries (NYSE:PII) traded up $2.44 during midday trading on Wednesday, hitting $134.70. 465,225 shares of the stock were exchanged, compared to its average volume of 623,566. Polaris Industries has a one year low of $77.91 and a one year high of $135.18. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.34 and a current ratio of 1.04. The firm has a market cap of $8,420.00, a P/E ratio of 42.36, a P/E/G ratio of 1.54 and a beta of 1.40.

Polaris Industries (NYSE:PII) last posted its quarterly earnings data on Tuesday, October 24th. The company reported $1.46 EPS for the quarter, beating the Zacks’ 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 company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the company posted $0.50 EPS. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. analysts expect that Polaris Industries will post 4.85 EPS for the current fiscal year.

In related news, insider Stephen L. Eastman sold 1,500 shares of the stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP James P. Williams sold 20,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $127.08, for a total transaction of $2,541,600.00. Following the completion of the sale, the senior vice president now directly owns 22,664 shares of the company’s stock, valued at approximately $2,880,141.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,102 shares of company stock valued at $7,174,301. Corporate insiders own 2.20% of the company’s stock.

A number of large investors have recently modified their holdings of PII. TD Asset Management Inc. bought a new position in Polaris Industries in the 3rd quarter worth approximately $222,000. HighPoint Advisor Group LLC acquired a new position in Polaris Industries in the third quarter worth $230,000. Quantbot Technologies LP acquired a new position in Polaris Industries in the second quarter worth $243,000. Toronto Dominion Bank boosted its stake in Polaris Industries by 244.3% in the third quarter. Toronto Dominion Bank now owns 2,527 shares of the company’s stock worth $264,000 after purchasing an additional 1,793 shares in the last quarter. Finally, Advisory Services Network LLC boosted its stake in Polaris Industries by 7.0% in the second quarter. Advisory Services Network LLC now owns 2,952 shares of the company’s stock worth $272,000 after purchasing an additional 193 shares in the last quarter. 90.91% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Polaris Industries (NYSE:PII)

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