Citigroup Maintains Polaris Industries to Buy with Price Target $107.00

Brokerage firm Citigroup Maintains its rating on Polaris Industries(NYSE:PII). In a research note issued to the investors, the brokerage major Raises the price-target to $107.00 per share. The shares have been rated Buy. The rating by Citigroup was issued on Aug 29, 2016.

In a different note, On Aug 30, 2016, Citigroup said it Maintains its rating on Polaris Industries. In the research note, the firm Raises the price-target to $100.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 12, 2016, Raymond James said it Downgrades its rating on Polaris Industries. The shares have been rated ‘Market Perform’ by the firm. On Jun 10, 2016, Longbow Research said it Downgrades its rating on Polaris Industries. The shares have been rated ‘Underperform’ by the firm.

Polaris Industries (PII) shares turned negative on Thursdays trading session with the shares closing down -0.82 points or -0.95% at a volume of 10,00,553. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $87.11. The peak price level was also seen at $87.11 while the days lowest was $85.21. Finally the shares closed at $85.82. The 52-week high of the shares is $134.81 while the 52-week low is $67.8. According to the latest information available, the market cap of the company is $5,500 M.

Polaris Industries(PII) last announced its earnings results on Jul 20, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.13B. Analysts had an estimated revenue of $1.11B. Earnings per share were $1.09. Analysts had estimated an EPS of $1.08.

Several Insider Transactions has been reported to the SEC. On May 25, 2016, Kevin M Farr (director) purchased 2,100 shares at $83.15 per share price.Also, On May 4, 2016, David C. Longren (President-ORV) sold 21,108 shares at $99.00 per share price.On Feb 1, 2016, Lawrence D Kingsley (director) purchased 6,925 shares at $72.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Polaris Industries Inc. (Polaris) designs engineers and manufactures 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). These products are sold through dealers and distributors located in the United States Canada and Europe. The Company’s ORVs include core ATVs and RANGER and RZR side-by-side vehicles. The Company produces a range of snowmobiles consisting of 32 models ranging from youth models to utility and economy models to performance and competition models. Polaris’ Motorcycles division consists of Victory Indian motorcycles and three-wheel roadster motorcycle Slingshot. The Company offer products in the light-duty hauling people mover and urban/suburban commuting sub-sectors of the small vehicles industry. The Company produces or supplies a range of replacement parts and accessories for its product lines.

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