Polaris Industries (PII) is Downgraded by Northcoast to Neutral

Polaris Industries (PII) was Downgraded by Northcoast to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Northcoast advised their investors in a research report released on Aug 31, 2016.

Many Wall Street Analysts have commented on Polaris Industries. Company shares were Reiterated by RBC Capital Mkts on Jul 21, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 88 from a previous price target of $84 .Polaris Industries was Downgraded by Raymond James to ” Mkt Perform” on Jul 12, 2016. Shares were Reiterated by RBC Capital Mkts on Jul 1, 2016 to “Sector Perform” and Lowered the Price Target to $ 84 from a previous price target of $97 .

On the company’s financial health, Polaris Industries reported $1.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $1.05. The company had revenue of $1130.80 million for the quarter, compared to analysts expectations of $1100.47 million. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.49 EPS.

Polaris Industries closed down -0.68 points or -0.75% at $90.14 with 5,42,513 shares getting traded on Monday. Post opening the session at $91.08, the shares hit an intraday low of $89.92 and an intraday high of $91.19 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on May 25, 2016, Kevin M Farr (director) purchased 2,100 shares at $83.15 per share price. According to the SEC, on May 4, 2016, David C. Longren (President-ORV) sold 21,108 shares at $99.00 per share price. On Feb 1, 2016, Lawrence D Kingsley (director) purchased 6,925 shares at $72.00 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.

Polaris Industries

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