Polaris Industries (PII) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 97 from a previous price target of $93 . RBC Capital Mkts advised their investors in a research report released on Apr 22, 2016.
Many Wall Street Analysts have commented on Polaris Industries. Polaris Industries was Downgraded by Stifel to ” Hold” on Apr 14, 2016. 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.
On the company’s financial health, Polaris Industries reported $0.71 EPS for the quarter, based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus estimate of $0.71. The company had revenue of $983.00 million for the quarter, compared to analysts expectations of $966.43 million. The company’s revenue was down -4.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.30 EPS.
Polaris Industries opened for trading at $93.78 and hit $99.33 on the upside on Wednesday, eventually ending the session at $97.79, with a gain of 1.62% or 1.56 points. The heightened volatility saw the trading volume jump to 28,84,648 shares. Company has a market cap of $6,352 M.
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.