Polaris Receives a Rating Update from a Top Analyst

By Jason Carr

Stifel Nicolaus analyst Drew Crum reiterated a Hold rating on Polaris (NYSE: PII) yesterday and set a price target of $114. The company’s shares closed yesterday at $124.09.

According to TipRanks.com, Crum is a top 100 analyst with an average return of 34.4% and a 84.1% success rate. Crum covers the Consumer Goods sector, focusing on stocks such as Brunswick Corporation, Electronic Arts, and Harley-Davidson.

Currently, the analyst consensus on Polaris is Hold and the average price target is $121.13, representing a -2.4% downside.

In a report issued on April 8, BMO Capital also reiterated a Hold rating on the stock with a $105 price target.

Based on Polaris’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.43 billion and quarterly net profit of $31.48 million. In comparison, last year the company earned revenue of $1.15 billion and had a GAAP net loss of $2.91 million.

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Polaris Industries Inc. designs, engineers, and manufactures powersports vehicles. It operates through the following segments: Off-Road Vehicles (ORV), Snowmobiles, Motorcycles, Global Adjacent Markets, and Aftermarket. The ORV segment provides sport, utility, and crossover side-by-side vehicles.