Citigroup Lowers Polaris Industries (PII) Price Target to $129.00

Polaris Industries (NYSE:PII) had its price objective reduced by stock analysts at Citigroup from $136.00 to $129.00 in a research report issued to clients and investors on Tuesday. The brokerage currently has a “buy” rating on the stock. Citigroup’s target price indicates a potential upside of 15.74% from the company’s current price.

Several other equities analysts have also commented on PII. Stephens reaffirmed a “hold” rating and issued a $132.00 price target on shares of Polaris Industries in a research note on Wednesday, January 31st. BMO Capital Markets reiterated a “hold” rating and issued a $105.00 price objective on shares of Polaris Industries in a report on Wednesday, January 31st. Zacks Investment Research downgraded Polaris Industries from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. B. Riley reiterated a “hold” rating and issued a $118.00 price objective on shares of Polaris Industries in a report on Wednesday, January 31st. Finally, Royal Bank of Canada upgraded Polaris Industries to a “sector perform” rating and set a $113.00 price objective on the stock in a report on Wednesday, January 31st. They noted that the move was a valuation call. Fourteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $112.50.

Polaris Industries (NYSE:PII) opened at $111.46 on Tuesday. Polaris Industries has a 12 month low of $77.91 and a 12 month high of $137.66. The company has a market capitalization of $6,635.73, a price-to-earnings ratio of 41.43, a PEG ratio of 1.16 and a beta of 1.27. The company has a quick ratio of 0.42, a current ratio of 1.11 and a debt-to-equity ratio of 0.93.

Polaris Industries (NYSE:PII) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $1.47 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.47. Polaris Industries had a return on equity of 35.38% and a net margin of 3.18%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the company posted $0.97 EPS. The company’s quarterly revenue was up 17.5% on a year-over-year basis. sell-side analysts expect that Polaris Industries will post 6.12 earnings per share for the current year.

In other Polaris Industries news, SVP James P. Williams sold 20,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $127.08, for a total transaction of $2,541,600.00. Following the sale, the senior vice president now owns 22,664 shares in the company, valued at approximately $2,880,141.12. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Stephen L. Eastman sold 1,500 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $127.72, for a total value of $191,580.00. Following the sale, the insider now owns 8,846 shares in the company, valued at approximately $1,129,811.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,602 shares of company stock worth $2,741,836. 2.20% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Security National Bank of Sioux City Iowa IA increased its holdings in Polaris Industries by 1.3% during the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 7,649 shares of the company’s stock worth $706,000 after purchasing an additional 95 shares during the period. Advisory Services Network LLC increased its holdings in Polaris Industries by 7.0% during the 2nd quarter. Advisory Services Network LLC now owns 2,952 shares of the company’s stock worth $272,000 after purchasing an additional 193 shares during the period. HighTower Advisors LLC increased its holdings in Polaris Industries by 4.6% during the 2nd quarter. HighTower Advisors LLC now owns 7,246 shares of the company’s stock worth $665,000 after purchasing an additional 320 shares during the period. Security National Bank of SO Dak increased its holdings in Polaris Industries by 6.0% during the 2nd quarter. Security National Bank of SO Dak now owns 5,755 shares of the company’s stock worth $531,000 after purchasing an additional 325 shares during the period. Finally, Morse Asset Management Inc increased its holdings in Polaris Industries by 5.1% during the 4th quarter. Morse Asset Management Inc now owns 10,275 shares of the company’s stock worth $1,274,000 after purchasing an additional 500 shares during the period. Institutional investors own 91.16% of the company’s stock.

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About Polaris Industries

Polaris Industries Inc designs, engineers and manufactures powersports vehicles, which include 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, including Work and Transportation and military vehicles.

Analyst Recommendations for Polaris Industries (NYSE:PII)

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