Polaris Industries (PII) is Upgraded by Longbow to Neutral

Polaris Industries (PII) is Upgraded by Longbow to Neutral , according to the research report released to the investors. Earlier the firm had a rating of Underperform on the company shares. The shares recommendation by the Brokerage Firm was released on Dec-24-2015.

Shares of Polaris Industries Inc. (NYSE:PII) ended Thursday session in red amid volatile trading. The shares closed down 10.28 points or 10.79% at $85.01 with 5,296,321 shares getting traded. Post opening the session at $88.36, the shares hit an intraday low of $85 and an intraday high of $89.13 and the price vacillated in this range throughout the day. The company has a market cap of $5,573 million and the number of outstanding shares has been calculated to be 65,559,000 shares. The 52-week high of Polaris Industries Inc. (NYSE:PII) is $158.24 and the 52-week low is $92.39.

During the last several months other analysts have commented on the company rating. In a research note released to the investors, UBS downgrades its rating on Polaris Industries Inc. (NYSE:PII).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Buy by the brokerage firm. In a recent information released to the investors, UBS lowers the new price target from $119 per share to $105 per share. The rating by the firm was issued on December 7, 2015.

Research firm Zacks has rated Polaris Industries Inc. (NYSE:PII) and has ranked it at 3, indicating that for the short term the shares are a hold. 19 Wall Street analysts have given the company an average rating of 2.11. The shares has received a hold rating based on the suggestion from 7 analysts in latest recommendations. 1 brokerage houses have given a strong sell on the shares. Strong buy was given by 8 Wall Street Analysts. The company had a buy rating from 3 analysts.

Polaris Industries Inc. (NYSE:PII): According to 19 Analysts, The short term target price has been estimated at $ 135.The target price could deviate by a maximum of $24.58 from the forecast price. In the near term, the target price could hit a high of $176 and a low of $ 90.

Polaris Industries Inc. has lost 10.9% in the last five trading days and dropped 17.06% in the last 4 weeks. Polaris Industries Inc. has dropped 32.62% during the last 3-month period . Year-to-Date the stock performance stands at -42.88%.

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, and on-road vehicles, including motorcycles and small electric vehicles (SEV), together with the related replacement parts, garments and accessories (PG&A). These products are sold through dealers and distributors located in the United States, Canada and Europe. In April 2013, it announced the acquisition of A.M. Holding S.A.S. In April 2013, Polaris Industries Inc acquired Aixam Mega SAS. In November 2013, Polaris Industries Inc acquired Primordial Inc. In April 2014, the Company acquired Kolpin Outdoors Inc. In July 2014, it integrated several emerging business lines to create a new adjacent markets business.