Longbow Research Downgrades Polaris Industries to Underperform

Brokerage firm Longbow Research Downgrades its rating on Polaris Industries(NYSE:PII). The shares have been rated Underperform. Previously, the analysts had a Neutral rating on the shares. The rating by Longbow Research was issued on Jun 10, 2016.

In a different note, On Apr 22, 2016, B. Riley said it Downgrades its rating on Polaris Industries. The shares have been rated ‘Neutral’ by the firm. On Apr 4, 2016, Citigroup said it Maintains its rating on Polaris Industries. In the research note, the firm Raises the price-target to $89.00 per share. The shares have been rated ‘Buy’ by the firm. On Mar 29, 2016, RBC Capital said it Downgrades its rating on Polaris Industries. The shares have been rated ‘Sector Perform’ by the firm. Lake Street said it Initiates Coverage on Polaris Industries, according to a research note issued on Mar 15, 2016. The shares have been rated ‘Buy’ by the firm.

Polaris Industries (PII) made into the market gainers list on Wednesdays trading session with the shares advancing 0.36% or 0.29 points. Due to strong positive momentum, the stock ended at $79.87, which is also near the day’s high of $82.64. The stock began the session at $79.9 and the volume stood at 12,72,241 shares. The 52-week high of the shares is $156.35 and the 52 week low is $67.8. The company has a current market capitalization of $5,162 M and it has 6,46,26,088 shares in outstanding.

Polaris Industries(PII) last announced its earnings results on Apr 21, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $983.00M. Analysts had an estimated revenue of $968.58M. Earnings per share were $0.71. Analysts had estimated an EPS of $0.71.

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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