Wedbush Analysts Give Polaris Industries Inc. (PII) a $77.00 Price Target
A number of other research analysts also recently commented on the company. Northcoast Research downgraded Polaris Industries from a buy rating to a neutral rating in a report on Wednesday, August 31st. Sanford C. Bernstein started coverage on Polaris Industries in a report on Thursday, September 8th. They issued a market perform rating and a $87.00 price objective on the stock. Citigroup Inc. increased their price objective on Polaris Industries from $100.00 to $107.00 and gave the company a buy rating in a report on Monday, August 29th. Royal Bank Of Canada dropped their price objective on Polaris Industries from $97.00 to $84.00 and set a sector perform rating on the stock in a report on Friday, July 1st. Finally, Wells Fargo & Co. reiterated a hold rating on shares of Polaris Industries in a report on Monday, September 26th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $83.60.
Shares of Polaris Industries (NYSE:PII) opened at 76.02 on Thursday. The stock has a 50 day moving average price of $77.28 and a 200-day moving average price of $86.76. Polaris Industries has a 52-week low of $67.80 and a 52-week high of $124.39. The stock has a market capitalization of $4.87 billion, a PE ratio of 13.13 and a beta of 1.47.
A number of institutional investors have recently modified their holdings of the company. Lazard Asset Management LLC boosted its position in shares of Polaris Industries by 5,344.6% in the first quarter. Lazard Asset Management LLC now owns 94,300 shares of the company’s stock valued at $9,286,000 after buying an additional 92,568 shares in the last quarter. Rafferty Asset Management LLC bought a new position in Polaris Industries during the first quarter valued at $2,197,000. State Street Corp increased its position in Polaris Industries by 78.1% in the first quarter. State Street Corp now owns 3,547,404 shares of the company’s stock valued at $349,351,000 after buying an additional 1,555,422 shares during the last quarter. BB&T Securities LLC increased its position in Polaris Industries by 19.9% in the first quarter. BB&T Securities LLC now owns 22,827 shares of the company’s stock valued at $2,248,000 after buying an additional 3,793 shares during the last quarter. Finally, Bernicke & Associates LTD increased its position in Polaris Industries by 9.7% in the first quarter. Bernicke & Associates LTD now owns 6,765 shares of the company’s stock valued at $666,000 after buying an additional 597 shares during the last quarter. 88.27% of the stock is owned by hedge funds and other institutional investors.
About Polaris Industries
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 global adjacent markets vehicles, together with the related parts, garments and accessories.
Receive News & Ratings for Polaris Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.