Northcoast Research Reaffirms “Neutral” Rating for Polaris Industries (NYSE:PII)

Northcoast Research reiterated their neutral rating on shares of Polaris Industries (NYSE:PII) in a research note issued to investors on Wednesday, Zacks.com reports. Northcoast Research also issued estimates for Polaris Industries’ Q3 2020 earnings at $2.31 EPS, Q4 2020 earnings at $2.92 EPS, FY2020 earnings at $6.75 EPS and FY2021 earnings at $7.05 EPS.

Several other equities analysts also recently issued reports on PII. Stifel Nicolaus boosted their price objective on Polaris Industries from $67.00 to $110.00 and gave the stock a hold rating in a research report on Wednesday. Lake Street Capital boosted their price objective on Polaris Industries from $107.00 to $128.00 and gave the stock a buy rating in a research report on Wednesday. UBS Group reduced their price objective on Polaris Industries from $114.00 to $86.00 and set a buy rating for the company in a research report on Monday, May 18th. Raymond James boosted their price objective on Polaris Industries from $114.00 to $127.00 and gave the stock a strong-buy rating in a research report on Wednesday. Finally, KeyCorp boosted their target price on Polaris Industries from $90.00 to $120.00 and gave the stock an overweight rating in a report on Wednesday. Eight research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of Buy and a consensus target price of $97.69.

Shares of PII stock opened at $103.63 on Wednesday. The company has a quick ratio of 0.50, a current ratio of 0.99 and a debt-to-equity ratio of 1.94. The business has a 50 day moving average of $95.12 and a two-hundred day moving average of $81.01. Polaris Industries has a 52 week low of $37.35 and a 52 week high of $108.98. The company has a market cap of $6.39 billion, a P/E ratio of 20.72 and a beta of 2.13.

Polaris Industries (NYSE:PII) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $1.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.70. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.37 billion. Polaris Industries had a positive return on equity of 32.38% and a negative net margin of 0.83%. The business’s revenue was down 15.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.73 earnings per share. Analysts expect that Polaris Industries will post 6.58 EPS for the current fiscal year.

In other Polaris Industries news, SVP Christopher Musso sold 5,000 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $95.00, for a total value of $475,000.00. Following the transaction, the senior vice president now owns 28,367 shares of the company’s stock, valued at $2,694,865. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.20% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of PII. Wealth Quarterback LLC bought a new position in shares of Polaris Industries in the fourth quarter valued at $28,000. Reilly Financial Advisors LLC bought a new position in shares of Polaris Industries in the first quarter valued at $37,000. Psagot Investment House Ltd. bought a new position in shares of Polaris Industries in the second quarter valued at $42,000. NuWave Investment Management LLC grew its position in Polaris Industries by 574.7% during the 1st quarter. NuWave Investment Management LLC now owns 1,066 shares of the company’s stock worth $51,000 after purchasing an additional 908 shares in the last quarter. Finally, Campbell Wealth Management purchased a new position in Polaris Industries during the 2nd quarter worth approximately $74,000. 74.02% of the stock is currently owned by institutional investors.

Polaris Industries Company Profile

Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates in five segments: ORV/Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bike conversion kit systems; motorcycles; low emission, light duty hauling, passenger, and industrial vehicles; and boats.

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Analyst Recommendations for Polaris Industries (NYSE:PII)

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