Why Shares of Polaris Industries Inc. Popped in October
Shares of ATV and snowmobile maker Polaris Industries Inc. (NYSE: PII) jumped 13.2% in October, according to data provided by S&P Global Market Intelligence, after reporting a surprisingly strong third quarter.
Polaris' sales were up 25% in the quarter to a record $1.48 billion and net income nearly tripled to $81.9 million, or $1.28 per share. Unit retail sales growth was up 13%, indicating strong pull through of the company's products, and about half of the 25% revenue growth was organic in nature.
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Source: Fool.com
Polaris Industries Inc. Stock
€76.00
-0.650%
With 10 Buy predictions and not the single Sell prediction the community is currently very high on Polaris Industries Inc..
As a result the target price of 99 € shows a positive potential of 30.26% compared to the current price of 76.0 € for Polaris Industries Inc..
