Jefferies Initiates Coverage on Arctic Cat Inc to Buy

Jefferies Initiates Coverage on Arctic Cat Inc(NASDAQ:ACAT). The shares have been rated Buy. The rating by Jefferies was issued on Sep 30, 2016.

In a different note, On Sep 14, 2016, Wunderlich said it Upgrades its rating on Arctic Cat Inc. The shares have been rated ‘Hold’ by the firm.

Arctic Cat Inc (ACAT) shares turned negative on Tuesdays trading session with the shares closing down -0.25 points or -1.56% at a volume of 95,844. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $16.06. The peak price level was also seen at $16.06 while the days lowest was $15.56. Finally the shares closed at $15.78. The 52-week high of the shares is $25.6 while the 52-week low is $8.9. According to the latest information available, the market cap of the company is $206 M.

Arctic Cat Inc(ACAT) last announced its earnings results on Jul 29, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $104.87M. Analysts had an estimated revenue of $117.81M. Earnings per share were $-0.81. Analysts had estimated an EPS of $-0.38.

Several Insider Transactions has been reported to the SEC. On Aug 5, 2016, Andrew S Duff (director) purchased 5,000 shares at $14.89 per share price.Also, On Feb 26, 2016, Bradley D Darling (VP-GM, Snowmobile Division) sold 19,101 shares at $15.78 per share price.On Feb 2, 2016, Susan E Lester (director) purchased 3,000 shares at $10.59 per share price, according to the Form-4 filing with the securities and exchange commission.

Arctic Cat Inc. designs engineers manufactures and markets snowmobiles and all-terrain vehicles (ATVs) and recreational off-highway vehicles (side-by-sides or ROVs) as well as related parts garments and accessories. The Company offers its products under the Arctic Cat and MotorFist brand names. The Company’s operations include three operating segments: snowmobile ATV and parts garments and accessories (PG&A). It markets its products through a network of independent dealers located throughout the United States Canada and Europe and through distributors representing dealers in Europe Russia South America the Middle East China Asia and other international markets. Its snowmobiles are sold in the United States Canada Scandinavia Russia and other international markets. The Company offers Prowler utility side-by-side vehicle which is configured with a range of different engines that are manufactured by it and also includes a rear cargo box and dual bucket seats.

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