Stock analysts at BMO Capital Markets hoisted their price target on shares of Polaris Industries (NYSE:PII) from $105.00 to $115.00 in a report issued on Wednesday, AnalystRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 6.87% from the stock’s previous close.
Shares of Polaris Industries (NYSE: PII) traded up 1.50% during mid-day trading on Wednesday, hitting $107.61. Polaris Industries has a one year low of $70.35 and a one year high of $108.91. The stock’s 50-day moving average is currently $97.25. The company has a market cap of $7.397 billion and a P/E ratio of 22.95.
Polaris Industries (NYSE:PII) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $1.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.11 by $0.02. The company had revenue of $844.80 million for the quarter, compared to the consensus estimate of $838.75 million. During the same quarter last year, the company posted $0.98 earnings per share. Polaris Industries’s revenue was up 11.8% compared to the same quarter last year. Polaris Industries has set its FY13 guidance at $5.20-5.30 EPS. On average, analysts predict that Polaris Industries will post $5.24 earnings per share for the current fiscal year.
A number of other firms have also recently commented on PII. Analysts at Feltl & Co. raised their price target on shares of Polaris Industries from $103.00 to $122.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at UBS AG initiated coverage on shares of Polaris Industries in a research note to investors on Tuesday, July 2nd. They set a “buy” rating and a $106.00 price target on the stock. Finally, analysts at Ned Davis Research upgraded shares of Polaris Industries from a “neutral” rating to a “buy” rating in a research note to investors on Monday, June 17th.
Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Polaris Industries presently has an average rating of “Buy” and a consensus target price of $101.56.
Polaris Industries Inc (NYSE: PII) designs, engineers and manufactures off-road vehicles (ORV), including all-terrain vehicles (ATV) and side-by-side vehicles for recreational and utility use, snowmobiles, and on-road vehicles, including motorcycles and small electric vehicles (SEV), together with the related replacement parts, garments and accessories (PG&A).