Arctic Cat Inc (ACAT) is Initiated by Jefferies to Buy, Price Target at $19

Arctic Cat Inc (ACAT) was Initiated by Jefferies to “Buy” and the brokerage firm has set the Price Target at $19. Jefferies advised their investors in a research report released on Sep 30, 2016.

Many Wall Street Analysts have commented on Arctic Cat Inc. Company shares were Reiterated by Wunderlich on Jul 12, 2016 to “Sell”, Firm has raised the Price Target to $ 13 from a previous price target of $10 .

On the company’s financial health, Arctic Cat Inc reported $-0.81 EPS for the quarter, missing the analyst consensus estimate by $ -0.41 based on the information available during the earnings call on Jul 29, 2016. Analyst had a consensus of $-0.40. The company had revenue of $104.87 million for the quarter, compared to analysts expectations of $117.81 million. The company’s revenue was down -22.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.08 EPS.

Arctic Cat Inc opened for trading at $14.56 and hit $14.92 on the upside on Tuesday, eventually ending the session at $14.82, with a gain of 2.00% or 0.29 points. The heightened volatility saw the trading volume jump to 66,557 shares. Company has a market cap of $193 M.

In a different news, on Aug 5, 2016, Andrew S Duff (director) purchased 5,000 shares at $14.89 per share price. According to the SEC, on Feb 26, 2016, Bradley D Darling (VP-GM, Snowmobile Division) sold 19,101 shares at $15.78 per share price. On Feb 2, 2016, Susan E Lester (director) purchased 3,000 shares at $10.59 per share price, according to the Form-4 filing with the securities and exchange commission.

Arctic Cat Inc. designs engineers manufactures and markets snowmobiles and all-terrain vehicles (ATVs) and recreational off-highway vehicles (side-by-sides or ROVs) as well as related parts garments and accessories. The Company offers its products under the Arctic Cat and MotorFist brand names. The Company’s operations include three operating segments: snowmobile ATV and parts garments and accessories (PG&A). It markets its products through a network of independent dealers located throughout the United States Canada and Europe and through distributors representing dealers in Europe Russia South America the Middle East China Asia and other international markets. Its snowmobiles are sold in the United States Canada Scandinavia Russia and other international markets. The Company offers Prowler utility side-by-side vehicle which is configured with a range of different engines that are manufactured by it and also includes a rear cargo box and dual bucket seats.

Arctic Cat Inc

Leave a Reply

Arctic Cat Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Arctic Cat Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.