Polaris Industries (PII) Upgraded to “Strong-Buy” by Raymond James

Raymond James upgraded shares of Polaris Industries (NYSE:PII) from a market perform rating to a strong-buy rating in a research report report published on Friday, Marketbeat reports.

A number of other equities analysts have also commented on PII. BMO Capital Markets restated a hold rating and issued a $110.00 price target on shares of Polaris Industries in a research report on Thursday, July 26th. Lake Street Capital set a $124.00 price target on shares of Polaris Industries and gave the company a buy rating in a research report on Monday, October 22nd. Zacks Investment Research lowered shares of Polaris Industries from a hold rating to a sell rating in a research report on Wednesday, October 17th. Longbow Research restated a hold rating on shares of Polaris Industries in a research report on Tuesday, October 23rd. Finally, Robert W. Baird restated a neutral rating and issued a $125.00 price target on shares of Polaris Industries in a research report on Thursday, July 26th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $112.92.

NYSE PII opened at $85.31 on Friday. The stock has a market capitalization of $5.27 billion, a P/E ratio of 17.59, a price-to-earnings-growth ratio of 0.87 and a beta of 0.92. Polaris Industries has a twelve month low of $84.63 and a twelve month high of $137.66. The company has a current ratio of 1.19, a quick ratio of 0.44 and a debt-to-equity ratio of 2.00.



Polaris Industries (NYSE:PII) last posted its earnings results on Monday, October 22nd. The company reported $1.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.29. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Polaris Industries had a net margin of 4.68% and a return on equity of 43.14%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.46 earnings per share. As a group, research analysts anticipate that Polaris Industries will post 6.57 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be given a $0.60 dividend. The ex-dividend date is Friday, November 30th. This represents a $2.40 dividend on an annualized basis and a yield of 2.81%. Polaris Industries’s dividend payout ratio (DPR) is presently 49.48%.

Several hedge funds have recently made changes to their positions in PII. Russell Investments Group Ltd. lifted its position in shares of Polaris Industries by 81.7% during the first quarter. Russell Investments Group Ltd. now owns 23,625 shares of the company’s stock worth $2,704,000 after purchasing an additional 10,621 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of Polaris Industries by 40.7% during the first quarter. Allianz Asset Management GmbH now owns 2,406 shares of the company’s stock worth $275,000 after purchasing an additional 696 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Polaris Industries by 18.4% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,976 shares of the company’s stock worth $796,000 after purchasing an additional 1,083 shares in the last quarter. Guggenheim Capital LLC lifted its position in shares of Polaris Industries by 3.4% during the first quarter. Guggenheim Capital LLC now owns 49,484 shares of the company’s stock worth $5,667,000 after purchasing an additional 1,643 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its position in shares of Polaris Industries by 91.9% during the first quarter. Cubist Systematic Strategies LLC now owns 4,607 shares of the company’s stock worth $528,000 after purchasing an additional 2,206 shares in the last quarter. Institutional investors own 83.46% of the company’s stock.

About Polaris Industries

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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Analyst Recommendations for Polaris Industries (NYSE:PII)

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