Stifel Nicolaus Downgrades Polaris Industries to Hold

Brokerage firm Stifel Nicolaus Downgrades its rating on Polaris Industries(NYSE:PII). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Stifel Nicolaus was issued on Apr 14, 2016.

In a different note, On Apr 4, 2016, Citigroup said it Maintains its rating on Polaris Industries. In the research note, the firm Raises the price-target to $89.00 per share. The shares have been rated ‘Buy’ by the firm. On Mar 29, 2016, RBC Capital said it Downgrades its rating on Polaris Industries. The shares have been rated ‘Sector Perform’ by the firm. Lake Street said it Initiates Coverage on Polaris Industries, according to a research note issued on Mar 15, 2016. The shares have been rated ‘Buy’ by the firm. Sterne Agee CRT said it Initiates Coverage on Polaris Industries, according to a research note issued on Mar 1, 2016. The shares have been rated ‘Neutral’ by the firm. On Jan 28, 2016, BMO Capital said it Maintains its rating on Polaris Industries. In the research note, the firm Lowers the price-target to $82.00 per share. The shares have been rated ‘Market Perform’ by the firm.

Polaris Industries (PII) made into the market gainers list on Mondays trading session with the shares advancing 0.09% or 0.09 points. Due to strong positive momentum, the stock ended at $95.76, which is also near the day’s high of $96.73. The stock began the session at $94.8 and the volume stood at 9,90,010 shares. The 52-week high of the shares is $156.35 and the 52 week low is $67.8. The company has a current market capitalization of $6,220 M and it has 6,49,56,308 shares in outstanding.

Polaris Industries(PII) last announced its earnings results on Jan 26, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $1.11B. Analysts had an estimated revenue of $1.08B. Earnings per share were $1.66. Analysts had estimated an EPS of $1.64.

Several Insider Transactions has been reported to the SEC. On Feb 1, 2016, Lawrence D Kingsley (director) purchased 6,925 shares at $72.00 per share price.Also, 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.

Leave a Reply

Polaris Industries - Is it time to Sell?

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