Longbow Research upgraded shares of Polaris Industries (NYSE:PII) from an underperform rating to a neutral rating in a report released on Wednesday, Marketbeat.com reports.

Other equities analysts have also recently issued reports about the company. SunTrust Banks reaffirmed a hold rating and issued a $115.00 price target on shares of Polaris Industries in a research note on Wednesday, October 25th. They noted that the move was a valuation call. Robert W. Baird lifted their price target on Polaris Industries from $105.00 to $120.00 and gave the stock a neutral rating in a research note on Wednesday, October 25th. B. Riley lifted their price target on Polaris Industries from $91.00 to $118.00 and gave the stock a neutral rating in a research note on Wednesday, October 25th. Royal Bank of Canada lifted their price target on Polaris Industries from $81.00 to $91.00 and gave the stock an underperform rating in a research note on Wednesday, October 25th. Finally, Wedbush reissued a neutral rating and set a $119.00 target price (up from $112.00) on shares of Polaris Industries in a research note on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company. Polaris Industries presently has a consensus rating of Hold and a consensus price target of $106.06.

Shares of Polaris Industries (NYSE:PII) traded up $2.44 during trading on Wednesday, reaching $134.70. The company’s stock had a trading volume of 465,225 shares, compared to its average volume of 407,535. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 1.00. The stock has a market cap of $8,424.41, a PE ratio of 29.60, a P/E/G ratio of 1.57 and a beta of 1.41. Polaris Industries has a 1-year low of $77.91 and a 1-year high of $135.18.

Polaris Industries (NYSE:PII) last announced its quarterly earnings results on Tuesday, October 24th. The company reported $1.46 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.24. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Polaris Industries had a return on equity of 33.81% and a net margin of 3.90%. The business’s quarterly revenue was up 24.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.50 EPS. sell-side analysts forecast that Polaris Industries will post 4.85 earnings per share for the current year.

In related news, SVP James P. Williams sold 20,000 shares of Polaris Industries stock in a transaction that occurred on 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 directly owns 22,664 shares in the company, valued at $2,880,141.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen L. Eastman sold 1,500 shares of Polaris Industries stock in a transaction that occurred on Thursday, November 30th. The shares were 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 $1,129,811.12. The disclosure for this sale can be found here. Insiders have sold 58,102 shares of company stock worth $7,174,301 over the last three months. Insiders own 2.20% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. TLP Group LLC boosted its position in shares of Polaris Industries by 1.7% during the second quarter. TLP Group LLC now owns 4,475 shares of the company’s stock valued at $413,000 after purchasing an additional 75 shares in the last quarter. Security National Bank of Sioux City Iowa IA boosted its position in shares of Polaris Industries by 1.3% during the second quarter. Security National Bank of Sioux City Iowa IA now owns 7,649 shares of the company’s stock valued at $706,000 after purchasing an additional 95 shares in the last quarter. M&T Bank Corp boosted its position in shares of Polaris Industries by 1.2% during the second quarter. M&T Bank Corp now owns 10,129 shares of the company’s stock valued at $933,000 after purchasing an additional 116 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of Polaris Industries by 7.0% during the second quarter. Advisory Services Network LLC now owns 2,952 shares of the company’s stock valued at $272,000 after purchasing an additional 193 shares in the last quarter. Finally, HighTower Advisors LLC boosted its position in shares of Polaris Industries by 4.6% during the second quarter. HighTower Advisors LLC now owns 7,246 shares of the company’s stock valued at $665,000 after purchasing an additional 320 shares in the last quarter. Institutional investors own 90.91% 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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