Polaris Industries (PII) was Downgraded by Stifel to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Stifel advised their investors in a research report released on Apr 14, 2016.
Many Wall Street Analysts have commented on Polaris Industries. Lake Street Initiated Polaris Industries on Mar 15, 2016 to “Buy”, Price Target of the shares are set at $121.Polaris Industries was Initiated by Sterne Agee CRT to “Neutral” on Mar 1, 2016. Shares were Reiterated by RBC Capital Mkts on Jan 27, 2016 to “Outperform” and Lowered the Price Target to $ 80 from a previous price target of $88 .
On the company’s financial health, Polaris Industries reported $1.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jan 26, 2016. Analyst had a consensus of $1.64. The company had revenue of $1105.60 million for the quarter, compared to analysts expectations of $1077.65 million. The company’s revenue was down -13.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.98 EPS.
Polaris Industries closed down -1.68 points or -1.78% at $92.64 with 11,93,707 shares getting traded on Monday. Post opening the session at $94.81, the shares hit an intraday low of $92.005 and an intraday high of $95.85 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Feb 1, 2016, Lawrence D Kingsley (director) purchased 6,925 shares at $72.00 per share price. According to the SEC, on Dec 3, 2015, Kenneth Pucel (EVP, Global Ops, Eng, & Lean) sold 20,000 shares at $105.71 per share price. On Dec 3, 2015, David C. Longren (President-ORV) sold 2,500 shares at $105.85 per share price, according to the Form-4 filing with the securities and exchange commission.
Polaris Industries Inc. (Polaris) designs engineers and manufactures off-road vehicles (ORV) including all-terrain vehicles (ATV) and side-by-side vehicles for recreational and utility use snowmobiles motorcycles and small vehicles (SV). These products are sold through dealers and distributors located in the United States Canada and Europe. The Company’s ORVs include core ATVs and RANGER and RZR side-by-side vehicles. The Company produces a range of snowmobiles consisting of 32 models ranging from youth models to utility and economy models to performance and competition models. Polaris’ Motorcycles division consists of Victory Indian motorcycles and three-wheel roadster motorcycle Slingshot. The Company offer products in the light-duty hauling people mover and urban/suburban commuting sub-sectors of the small vehicles industry. The Company produces or supplies a range of replacement parts and accessories for its product lines.