Northcoast Research reiterated their neutral rating on shares of Polaris Industries (NYSE:PII) in a research note issued to investors on Wednesday, Zacks.com reports. Northcoast Research also issued estimates for Polaris Industries’ Q3 2020 earnings at $2.31 EPS, Q4 2020 earnings at $2.92 EPS, FY2020 earnings at $6.75 EPS and FY2021 earnings at $7.05 EPS.
Several other equities analysts also recently issued reports on PII. Stifel Nicolaus boosted their price objective on Polaris Industries from $67.00 to $110.00 and gave the stock a hold rating in a research report on Wednesday. Lake Street Capital boosted their price objective on Polaris Industries from $107.00 to $128.00 and gave the stock a buy rating in a research report on Wednesday. UBS Group reduced their price objective on Polaris Industries from $114.00 to $86.00 and set a buy rating for the company in a research report on Monday, May 18th. Raymond James boosted their price objective on Polaris Industries from $114.00 to $127.00 and gave the stock a strong-buy rating in a research report on Wednesday. Finally, KeyCorp boosted their target price on Polaris Industries from $90.00 to $120.00 and gave the stock an overweight rating in a report on Wednesday. Eight research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of Buy and a consensus target price of $97.69.
Shares of PII stock opened at $103.63 on Wednesday. The company has a quick ratio of 0.50, a current ratio of 0.99 and a debt-to-equity ratio of 1.94. The business has a 50 day moving average of $95.12 and a two-hundred day moving average of $81.01. Polaris Industries has a 52 week low of $37.35 and a 52 week high of $108.98. The company has a market cap of $6.39 billion, a P/E ratio of 20.72 and a beta of 2.13.
In other Polaris Industries news, SVP Christopher Musso sold 5,000 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $95.00, for a total value of $475,000.00. Following the transaction, the senior vice president now owns 28,367 shares of the company’s stock, valued at $2,694,865. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.20% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of PII. Wealth Quarterback LLC bought a new position in shares of Polaris Industries in the fourth quarter valued at $28,000. Reilly Financial Advisors LLC bought a new position in shares of Polaris Industries in the first quarter valued at $37,000. Psagot Investment House Ltd. bought a new position in shares of Polaris Industries in the second quarter valued at $42,000. NuWave Investment Management LLC grew its position in Polaris Industries by 574.7% during the 1st quarter. NuWave Investment Management LLC now owns 1,066 shares of the company’s stock worth $51,000 after purchasing an additional 908 shares in the last quarter. Finally, Campbell Wealth Management purchased a new position in Polaris Industries during the 2nd quarter worth approximately $74,000. 74.02% of the stock is currently owned by institutional investors.
Polaris Industries Company Profile
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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