Polaris Industries (NYSE:PII) Receives a Lower Rating From UBS Securities. Will Other Analysts Follow Suit?


Polaris Industries (NYSE:PII) Receives a Downgrade

It will be interesting to watch the trading activity for Polaris Industries (NYSE:PII) today as UBS Securities downgraded the shares of the stock from a Buy rating to a Neutral. In addition to this downgrade, analysts at UBS Securities set a $105.00 target which is a change of 5.94%.

From a total of 19 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 $90. The mean of all analyst targets is $133.79 with a 26.63% above today’s ($99.11) stock price. Polaris Industries was the topic of 13 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Longbow downgraded shares on December 4 to “Underperform” rating. Wunderlich maintained PII stock in a recent report from November 16 with “Buy” rating. Finally, Wells Fargo downgraded the stock to “Market Perform” rating in a report issued on an October 22.

The stock decreased 4.16% or $4.3 during the last trading session, striking $99.11. Approximately 100 shares of stock traded hands. Polaris Industries Inc. (NYSE:PII) has declined 29.87% since May 4, 2015 and is downtrending. It has underperformed by 28.80% the S&P500.

The overall sentiment of institutions has increased to 1.08 in Q2 2015. Its up 0.05, from 1.03 in 2015Q2. The ratio is positive, as 65 institutions have sold all the shares of Polaris Industries Inc. that they owned while 157 funds have taken shares off the table. 56 funds have purchased shares for the first time while 184 added to their positions. These institutions now hold 47.40 million shares or 10.15% less than the 52.76 million shares they owned in 2015Q2.

The Fund Matthew 25 Management Corp currently is holding shares equating to 6.47% of its total portfolio in Polaris Industries Inc. representing a total of 295,000 shares. Another fund,Shellback Capital Lp, is holding a total of 403,281 shares equating to 4.33% of their holdings. Additionally, Raub Brock Capital Management Lp has a 84,018 share stake in Polaris Industries Inc. which represents 3.4% of their total portfolio. The Fund, Hendershot Investments Inc., based out of Virginia, has also built up a stake in the stock, which represents a total of 3.13% of their total portfolio. Finally Suncoast Equity Management, a fund which is based in the state of Florida reported a total holdings of 55,021 shares.

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 $6.50 billion. These products are sold through dealers and distributors located in the United States, Canada and Europe. It has 14.03 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).