Polaris Industries (NYSE:PII) Receives a Downgrade
In an analyst research report revealed to investors and clients on Friday, 4 December, Longbow has decided to downgraded rating on Polaris Industries (NYSE:PII) shares to a Underperform. PII’s prior rating was a Neutral.
From a total of 18 analysts covering Polaris Industries (NYSE:PII) stock, 13 rate it a ”Buy”, 0 a “Sell”, and 7 a ”Hold”. This means that 65% of the ratings are positive. The highest target price is $175 while the lowest target price is $106. The mean of all analyst targets is $136.22 with a 21.36% above today’s ($103.41) stock price. Polaris Industries was the topic of 12 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Wedbush downgraded shares on November 17 to “Neutral” rating. RBC Capital Markets maintained PII stock in a recent report from October 22 with “Outperform” rating. Finally, Northcoast initiated the stock with “Buy” rating in a report issued on an October 12.
The stock decreased 0.03% or $0.03 during the last trading session, striking $103.41. Approximately 541 shares of stock traded hands. Polaris Industries Inc. (NYSE:PII) has declined 25.85% since May 1, 2015 and is downtrending. It has underperformed by 23.07% the S&P500.
Polaris Industries Inc. designs, engineers and makes 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). The company has a market cap of $6.78 billion. These products are sold through dealers and distributors located in the United States, Canada and Europe. It has 14.63 P/E ratio. The Company’s ORVs include core ATVs, and RANGER and RZR side-by-side vehicles.
According to Zacks Investment Research, “Polaris Industries Inc. designs, engineers and manufactures snowmobiles, all terrain vehicles, motorcycles and personal watercraft and markets them, together with related replacement parts, garments and accessories through dealers and distributors. The company’s line of all terrain vehicles consist of fourteen models includes general purpose, sport and four-wheel drive utility models. The company produces a full line of snowmobiles, consisting of thirty-three models, ranging from utility and economy models to performance and competition models.” Get a free copy of the Zacks research report on Polaris Industries Inc. (PII).