Could Polaris Industries Inc. (PII) Go Down After Touching 52-Week High?

Modesto Morganelli
Luglio 23, 2017

07/14/2017 - Polaris Industries Inc. had its "hold" rating reiterated by analysts at Stifel Nicolaus. "(NYSE:PII) to Neutral" was first posted by Sports Perspectives and is owned by of Sports Perspectives.

09/08/2016 - Sanford C. Bernstein began new coverage on Polaris Industries Inc. giving the company a "market perform" rating. The Company's ORVs includes the RZR sport side-by-side, the RANGER utility side-by-side, the GENERAL crossover side-by-side, the Sportsman ATV and the Polaris ACE. Royal Bank Of Canada lowered shares of Polaris Industries from a "sector perform" rating to an "underperform" rating and set a $80.00 price target on the a report on Friday.

Polaris Industries Inc. has a consensus hold rating from 18 Wall Street analysts, and the number of shares now sold short amount to at least 24.31% of shares outstanding. (NYSE:PII). Mufg Americas holds 0% in Polaris Industries Inc. The stock presently has an average rating of Hold and a consensus target price of $86.80. (NYSE:PII). The stock saw a move of -2.18% during the latest trading session. Most sudden stock spikes or drops require the attention of anyone who is keeping a keen eye on the shares. JNPR's distance from 20 day simple moving average is 2.43% and distance from 50-Day simple moving average is 0.14%. Polaris Industries has $159 highest and $69 lowest target. The firm has a market cap of $5.94 billion, a price-to-earnings ratio of 37.43 and a beta of 1.32. Polaris Industries also was the target of some unusual options trading activity on Wednesday. Investors bought 9,865 put options on the stock. This represents an increase of approximately 646% compared to the typical volume of 1,322 put options. (NYSE:PII) on Thursday, July 13 with "Buy" rating. After $1.48 actual earnings per share reported by Norfolk Southern Corp. for the previous quarter, Wall Street now forecasts 10.14% EPS growth. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.26 billion. Polaris Industries had a net margin of 3.48% and a return on equity of 25.64%.

By having an overview of the Income statement for Polaris Industries Inc (NYSE:PII) the Revenue for the trailing twelve months is 4.77 Billion. During the same quarter in the prior year, the firm posted $0.71 EPS.

ILLEGAL ACTIVITY WARNING: This story was originally reported by Stock Observer and is owned by of Stock Observer. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and global copyright & trademark law. (NYSE:PII) was sold by Homan Matthew J.

On 11/27/2015 David C. Longren, insider, sold 2,500 with an average share price of $105.76 per share and the total transaction amounting to $264,400.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michael T. Speetzen sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $84.07, for a total value of $420,350.00. The disclosure for this sale can be found here. The stock declined 2.61% or $2.52 reaching $93.91 per share.

A number of hedge funds and other institutional investors have recently modified their holdings of the company.

The share price of the company (NYSE:PII) was up +4.31%, with a high of 99.16 during the day and the volume of Polaris Industries Inc. shares traded was 2867512. BB&T Corp now owns 86,182 shares of the company's stock worth $7,948,000 after buying an additional 1,931 shares in the last quarter. Rehmann Capital Advisory Group increased its position in shares of Polaris Industries by 0.9% in the first quarter. Sheets Smith Wealth Management now owns 2,454 shares of the company's stock worth $226,000 after buying an additional 14 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Polaris Industries by 3.6% in the first quarter. Stratos Wealth Partners LTD. now owns 4,059 shares of the company's stock valued at $340,000 after buying an additional 478 shares during the period. Ltd. increased its position in shares of Polaris Industries by 0.4% in the first quarter.

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