Polaris Gets a Buy Rating from BMO Capital

By Carrie Williams

In a report released today, Gerrick Johnson from BMO Capital reiterated a Buy rating on Polaris (NYSE: PII), with a price target of $100. The company’s shares opened today at $85.69.

According to TipRanks.com, Johnson is a 4-star analyst with an average return of 10.9% and a 58.0% success rate. Johnson covers the Consumer Goods sector, focusing on stocks such as Brunswick Corporation, Winnebago Industries, and Harley-Davidson.

Polaris has an analyst consensus of Hold, with a price target consensus of $83.75.

The company has a one year high of $99 and a one year low of $70.14. Currently, Polaris has an average volume of 823.3K.

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Polaris Industries Inc. designs, engineers and manufactures off-road vehicles and on-road vehicles. It operates through the following segments: Off-Road Vehicles (ORV), Snowmobiles, Motorcycles and Global Adjacent Markets. The ORV segment includes Sportsman ATVs, Polaris ACE, RANGER, RZR, and Polaris GENERAL side-by-side vehicles. It is use for recreation, in such sports as fishing and hunting and for trail and dune riding, and for utility purposes on farms, ranches, and construction sites. The Snowmobiles segment produces snowmobiles, consisting of models ranging from youth models to utility and economy models to performance and competition models. The Motorcycles segment consists of Victory, Indian Motorcycle, and the moto-roadster, Slingshot. The Global Adjacent Markets segment offers products in the light-duty hauling, people mover and urban/suburban commuting sub-sectors of the work and transportation industry. The company was founded by Allen Hetteen, Edgar E. Hetteen, and David Johnson in 1954 and is headquartered in Medina, MN.