Polaris Industries (NYSE:PII) PT Raised to $127.00 at Raymond James

Polaris Industries (NYSE:PII) had its price objective increased by Raymond James from $114.00 to $127.00 in a report issued on Wednesday, BenzingaRatingsTable reports. The brokerage currently has a strong-buy rating on the stock.

Other equities analysts have also issued research reports about the company. Zacks Investment Research lowered Polaris Industries from a buy rating to a hold rating in a research note on Tuesday, July 14th. SunTrust Banks raised their price target on Polaris Industries from $56.00 to $68.00 and gave the stock a hold rating in a research report on Wednesday, April 29th. Wedbush raised their price target on Polaris Industries from $106.00 to $116.00 and gave the stock an outperform rating in a research report on Wednesday. BMO Capital Markets raised their price target on Polaris Industries from $70.00 to $84.00 and gave the stock a market perform rating in a research report on Thursday, June 18th. Finally, UBS Group dropped their price target on Polaris Industries from $114.00 to $86.00 and set a buy rating on the stock in a research report on Monday, May 18th. Eight analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. Polaris Industries currently has an average rating of Buy and an average target price of $97.69.

NYSE:PII opened at $103.63 on Wednesday. Polaris Industries has a 1-year low of $37.35 and a 1-year high of $108.98. The business’s 50-day moving average price is $95.12 and its two-hundred day moving average price is $81.01. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.94. The firm has a market capitalization of $6.36 billion, a price-to-earnings ratio of 20.60 and a beta of 2.13.

Polaris Industries (NYSE:PII) last released its earnings results on Tuesday, July 28th. The company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.70. Polaris Industries had a positive return on equity of 32.38% and a negative net margin of 0.83%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the firm posted $1.73 earnings per share. The company’s quarterly revenue was down 15.1% on a year-over-year basis. Sell-side analysts predict that Polaris Industries will post 6.58 earnings per share for the current year.

In related news, SVP Christopher Musso sold 5,000 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $95.00, for a total transaction of $475,000.00. Following the completion of the transaction, the senior vice president now directly owns 28,367 shares in the company, valued at $2,694,865. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.20% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of the stock. Eukles Asset Management grew its holdings in shares of Polaris Industries by 1.5% during the second quarter. Eukles Asset Management now owns 8,209 shares of the company’s stock worth $759,000 after buying an additional 124 shares in the last quarter. Krane Funds Advisors LLC grew its stake in Polaris Industries by 2.7% in the first quarter. Krane Funds Advisors LLC now owns 5,720 shares of the company’s stock valued at $275,000 after purchasing an additional 150 shares in the last quarter. People s United Financial Inc. grew its stake in Polaris Industries by 2.5% in the first quarter. People s United Financial Inc. now owns 6,229 shares of the company’s stock valued at $300,000 after purchasing an additional 150 shares in the last quarter. KBC Group NV grew its stake in Polaris Industries by 3.2% in the first quarter. KBC Group NV now owns 6,414 shares of the company’s stock valued at $309,000 after purchasing an additional 197 shares in the last quarter. Finally, Selway Asset Management grew its stake in Polaris Industries by 1.3% in the second quarter. Selway Asset Management now owns 15,965 shares of the company’s stock valued at $1,478,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 74.02% of the company’s stock.

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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