Polaris Industries (PII) PT Raised to $110.00

Polaris Industries (NYSE:PII) had its price objective upped by Wells Fargo & Co from $90.00 to $110.00 in a research report issued on Wednesday, The Fly reports. The firm presently has an “outperform” rating on the stock. Wells Fargo & Co‘s target price would suggest a potential upside of 16.05% from the stock’s previous close.

Several other brokerages have also recently commented on PII. Goldman Sachs Group initiated coverage on shares of Polaris Industries in a research report on Wednesday. They issued a “buy” rating and a $123.00 price target on the stock. ValuEngine cut shares of Polaris Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. TheStreet cut shares of Polaris Industries from a “b-” rating to a “c+” rating in a research report on Friday, January 4th. Zacks Investment Research upgraded shares of Polaris Industries from a “sell” rating to a “hold” rating in a research report on Thursday, April 11th. Finally, Northcoast Research reiterated a “neutral” rating on shares of Polaris Industries in a research report on Friday, March 29th. Twelve analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $108.00.

Shares of NYSE PII opened at $94.79 on Wednesday. Polaris Industries has a fifty-two week low of $70.27 and a fifty-two week high of $131.25. The company has a current ratio of 1.31, a quick ratio of 0.43 and a debt-to-equity ratio of 2.31. The stock has a market cap of $5.96 billion, a P/E ratio of 14.45, a P/E/G ratio of 1.05 and a beta of 1.11.

Polaris Industries (NYSE:PII) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.16. Polaris Industries had a net margin of 5.22% and a return on equity of 46.89%. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the business earned $1.08 earnings per share. The company’s revenue was up 15.3% on a year-over-year basis. As a group, analysts predict that Polaris Industries will post 6.19 earnings per share for the current fiscal year.

In related news, Director Kevin M. Farr purchased 1,125 shares of the company’s stock in a transaction that occurred on Tuesday, February 26th. The shares were purchased at an average price of $88.59 per share, with a total value of $99,663.75. Following the purchase, the director now owns 15,604 shares of the company’s stock, valued at approximately $1,382,358.36. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.90% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund increased its stake in Polaris Industries by 9,905.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,329,998 shares of the company’s stock worth $30,000 after purchasing an additional 2,306,710 shares in the last quarter. CWM LLC increased its stake in Polaris Industries by 68.1% in the 4th quarter. CWM LLC now owns 511 shares of the company’s stock worth $39,000 after purchasing an additional 207 shares in the last quarter. Doyle Wealth Management purchased a new position in Polaris Industries in the 4th quarter worth about $48,000. JNBA Financial Advisors purchased a new position in Polaris Industries in the 4th quarter worth about $50,000. Finally, Claybrook Capital LLC purchased a new position in Polaris Industries in the 4th quarter worth about $86,000. 80.48% of the stock is currently owned by hedge funds and other institutional investors.

About Polaris Industries

Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates in five segments: ORV/Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bike conversion kit systems; motorcycles; low emission, light duty hauling, passenger, and industrial vehicles; and boats.

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Analyst Recommendations for Polaris Industries (NYSE:PII)

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