Polaris Industries’ (PII) Hold Rating Reiterated at Stifel Nicolaus

Posted by on Apr 16th, 2018 // No Comments

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.

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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.

Polaris Industries (NYSE:PII) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $1.47 earnings per share for the quarter, hitting the consensus estimate of $1.47. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.35 billion. Polaris Industries had a return on equity of 35.38% and a net margin of 3.18%. The company’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter last year, the company earned $0.97 earnings per share. equities analysts anticipate that Polaris Industries will post 6.12 earnings per share for the current year.

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.

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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.

Analyst Recommendations for Polaris Industries (NYSE:PII)

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