Are Polaris Industries (NYSE:PII) Shares a ‘Buy’ Now? Longbow Research Has Upgraded The Stock

January 18, 2018 - By Ellis Scott

  Are Polaris Industries (NYSE:PII) Shares a ‘Buy’ Now? Longbow Research Has Upgraded The Stock

Investors sentiment decreased to 0.72 in 2017 Q3. Its down 0.49, from 1.21 in 2017Q2. It dropped, as 35 investors sold Polaris Industries Inc. shares while 152 reduced holdings. 46 funds opened positions while 89 raised stakes. 56.03 million shares or 4.63% less from 58.75 million shares in 2017Q2 were reported.

Swiss Bankshares has invested 0.03% in Polaris Industries Inc. (NYSE:PII). Moreover, Louisiana State Employees Retirement has 0.08% invested in Polaris Industries Inc. (NYSE:PII). Somerset Tru Co holds 0.56% of its portfolio in Polaris Industries Inc. (NYSE:PII) for 10,040 shares. Bp Pcl has invested 0.12% in Polaris Industries Inc. (NYSE:PII). Schwartz Invest Counsel holds 110,000 shares or 0.72% of its portfolio. Hl Finance Ser Limited Com stated it has 6,878 shares or 0.01% of all its holdings. Gateway Investment Advisers Lc has 0.07% invested in Polaris Industries Inc. (NYSE:PII). Moreover, Sns Fincl Group Lc has 0.28% invested in Polaris Industries Inc. (NYSE:PII). Bnp Paribas Asset Management Holding invested in 34,895 shares or 0.03% of the stock. Carroll Assoc Incorporated accumulated 22 shares or 0% of the stock. Eaton Vance Management has 0% invested in Polaris Industries Inc. (NYSE:PII). State Of Tennessee Treasury Department owns 125,700 shares. Price T Rowe Md holds 0% of its portfolio in Polaris Industries Inc. (NYSE:PII) for 69,605 shares. Intrust National Bank Na accumulated 4,471 shares. 12 are held by Huntington Savings Bank.

Since August 31, 2017, it had 0 buys, and 6 sales for $9.32 million activity. $2.44 million worth of stock was sold by BOGART STACY L on Thursday, October 26. $977,840 worth of Polaris Industries Inc. (NYSE:PII) was sold by Dougherty Michael D. on Thursday, October 26. 23,991 shares valued at $2.93M were sold by Homan Matthew J. on Thursday, October 26. Another trade for 8,500 shares valued at $1.01M was sold by Eastman Stephen L..

Polaris Industries (NYSE:PII) Stock Upgrade

The rating for shares of Polaris Industries (NYSE:PII) were upgraded by professional analysts at Longbow Research from a Underperform rating to a Neutral rating in an analyst note sent to investors on 17 January.

Investors sentiment decreased to 0.72 in 2017 Q3. Its down 0.49, from 1.21 in 2017Q2. It dropped, as 35 investors sold Polaris Industries Inc. shares while 152 reduced holdings. 46 funds opened positions while 89 raised stakes. 56.03 million shares or 4.63% less from 58.75 million shares in 2017Q2 were reported.

Swiss Bankshares has invested 0.03% in Polaris Industries Inc. (NYSE:PII). Moreover, Louisiana State Employees Retirement has 0.08% invested in Polaris Industries Inc. (NYSE:PII). Somerset Tru Co holds 0.56% of its portfolio in Polaris Industries Inc. (NYSE:PII) for 10,040 shares. Bp Pcl has invested 0.12% in Polaris Industries Inc. (NYSE:PII). Schwartz Invest Counsel holds 110,000 shares or 0.72% of its portfolio. Hl Finance Ser Limited Com stated it has 6,878 shares or 0.01% of all its holdings. Gateway Investment Advisers Lc has 0.07% invested in Polaris Industries Inc. (NYSE:PII). Moreover, Sns Fincl Group Lc has 0.28% invested in Polaris Industries Inc. (NYSE:PII). Bnp Paribas Asset Management Holding invested in 34,895 shares or 0.03% of the stock. Carroll Assoc Incorporated accumulated 22 shares or 0% of the stock. Eaton Vance Management has 0% invested in Polaris Industries Inc. (NYSE:PII). State Of Tennessee Treasury Department owns 125,700 shares. Price T Rowe Md holds 0% of its portfolio in Polaris Industries Inc. (NYSE:PII) for 69,605 shares. Intrust National Bank Na accumulated 4,471 shares. 12 are held by Huntington Savings Bank.

Since August 31, 2017, it had 0 buys, and 6 sales for $9.32 million activity. $2.44 million worth of stock was sold by BOGART STACY L on Thursday, October 26. $977,840 worth of Polaris Industries Inc. (NYSE:PII) was sold by Dougherty Michael D. on Thursday, October 26. 23,991 shares valued at $2.93M were sold by Homan Matthew J. on Thursday, October 26. Another trade for 8,500 shares valued at $1.01M was sold by Eastman Stephen L..

Polaris Industries Inc. (NYSE:PII) Ratings Coverage

Among 20 analysts covering Polaris Industries (NYSE:PII), 3 have Buy rating, 1 Sell and 16 Hold. Therefore 15% are positive. Polaris Industries has $159 highest and $69 lowest target. $105.38’s average target is -19.54% below currents $130.97 stock price. Polaris Industries had 85 analyst reports since July 23, 2015 according to SRatingsIntel. On Wednesday, October 25 the stock rating was maintained by B. Riley & Co with “Neutral”. The company was maintained on Wednesday, October 11 by Stifel Nicolaus. As per Monday, September 12, the company rating was downgraded by KeyBanc Capital Markets. The company was downgraded on Wednesday, September 9 by Longbow. The rating was downgraded by BMO Capital Markets on Wednesday, October 25 to “Hold”. The firm earned “Hold” rating on Friday, July 14 by Stifel Nicolaus. The rating was maintained by RBC Capital Markets with “Sell” on Sunday, August 27. The company was maintained on Friday, September 15 by BMO Capital Markets. The rating was downgraded by Wells Fargo to “Market Perform” on Thursday, October 22. RBC Capital Markets upgraded Polaris Industries Inc. (NYSE:PII) on Thursday, September 3 to “Outperform” rating.

The stock increased 2.40% or $3.07 during the last trading session, reaching $130.97. About 588,802 shares traded. Polaris Industries Inc. (NYSE:PII) has risen 5.51% since January 18, 2017 and is uptrending. It has underperformed by 11.19% the S&P500.

Analysts await Polaris Industries Inc. (NYSE:PII) to report earnings on January, 23. They expect $1.48 EPS, up 25.42 % or $0.30 from last year’s $1.18 per share. PII’s profit will be $92.56 million for 22.12 P/E if the $1.48 EPS becomes a reality. After $1.46 actual EPS reported by Polaris Industries Inc. for the previous quarter, Wall Street now forecasts 1.37 % EPS growth.

Polaris Industries Inc. designs, engineers, makes, and markets power sports vehicles worldwide. The company has market cap of $8.19 billion. It operates through four divisions: Off-Road Vehicles /Snowmobiles, Motorcycles, Global Adjacent Markets, and Other. It has a 41.13 P/E ratio. The firm provides ORVs, including all-terrain vehicles and side-by-side vehicles for recreational, military, and utility use; snowmobiles and technical riding gears; three-wheel motorcycles; and low emission, light duty hauling, passenger, commercial, and industrial vehicles.

More notable recent Polaris Industries Inc. (NYSE:PII) news were published by: Businesswire.com which released: “Polaris Names Lucy Clark Dougherty General Counsel and SVP” on January 09, 2018, also Fool.com with their article: “Why 2017 Was a Year to Remember for Polaris Industries Inc.” published on December 29, 2017, Seekingalpha.com published: “Polaris updates on fire risk recall” on December 19, 2017. More interesting news about Polaris Industries Inc. (NYSE:PII) were released by: Businesswire.com and their article: “Mike Donoughe Joins Polaris as Chief Technical Officer” published on January 17, 2018 as well as Fool.com‘s news article titled: “450000 Recalls Later, Polaris Industries Says Its ATVs Are Still a Fire Hazard” with publication date: December 28, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: