Stifel Nicolaus restated their hold rating on shares of Polaris Industries (NYSE:PII) in a report published on Friday morning, MarketBeat reports. Stifel Nicolaus currently has a $114.00 price objective on the stock, up from their previous price objective of $112.00.
Several other brokerages have also recently issued reports on PII. Sanford C. Bernstein restated a market perform rating and issued a $144.00 price objective (up from $121.00) on shares of Polaris Industries in a research note on Monday, January 29th. Royal Bank of Canada upgraded Polaris Industries from an underperform rating to a sector perform rating and set a $127.00 price objective for the company in a research note on Monday, January 22nd. Zacks Investment Research upgraded Polaris Industries from a hold rating to a buy rating and set a $148.00 price objective for the company in a research note on Saturday, January 20th. Stephens set a $133.00 price objective on Polaris Industries and gave the stock a hold rating in a research note on Friday, January 19th. Finally, Longbow Research upgraded Polaris Industries from an underperform rating to a neutral rating in a research note on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $114.13.
Shares of NYSE PII opened at $122.90 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.11 and a quick ratio of 0.42. The stock has a market capitalization of $7,824.93, a price-to-earnings ratio of 25.34, a price-to-earnings-growth ratio of 1.35 and a beta of 1.16. Polaris Industries has a fifty-two week low of $78.10 and a fifty-two week high of $137.66.
Hedge funds have recently made changes to their positions in the stock. Calton & Associates Inc. purchased a new position in Polaris Industries during the fourth quarter valued at approximately $112,000. Gradient Investments LLC purchased a new position in Polaris Industries during the fourth quarter valued at approximately $113,000. Delpha Capital Management LLC purchased a new position in Polaris Industries during the fourth quarter valued at approximately $120,000. NuWave Investment Management LLC purchased a new position in Polaris Industries during the fourth quarter valued at approximately $123,000. Finally, Assetmark Inc. raised its position in Polaris Industries by 1,097.8% during the fourth quarter. Assetmark Inc. now owns 1,078 shares of the company’s stock valued at $134,000 after acquiring an additional 988 shares in the last quarter. Institutional investors own 85.29% of the company’s stock.
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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