Polaris Gets a Sell Rating from RBC Capital

By Jason Carr

In a report released today, Joseph Spak from RBC Capital reiterated a Sell rating on Polaris (NYSE: PII), with a price target of $81. The company’s shares opened today at $105.04, close to its 52-week high of $108.46.

According to TipRanks.com, Spak is a 5-star analyst with an average return of 15.6% and a 71.5% success rate. Spak covers the Industrial Goods sector, focusing on stocks such as Metaldyne Performance Group, Magna International, and Tenneco Automotive.

Polaris has an analyst consensus of Hold, with a price target consensus of $97.57.

Based on Polaris’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.36 billion and quarterly net profit of $62.04 million. In comparison, last year the company earned revenue of $1.19 billion and had a net profit of $32.31 million.

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PII in relation to earlier this year. Last month, James P. Williams, the SVP-CHRO of PII sold 5,250 shares for a total of $489,510.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.