Polaris Industries Inc. (NYSE: PII) had its price target increased by equities researchers at Lake Street Capital from $85.00 to $106.00.Lake Street Capital currently has a rating of Buy on the shares. A number of other analysts have issued reports on the company in recent days, and Polaris Industries Inc. has earned a consensus one-year price target of $99.33, higher than the opening price of $75.98, a difference of 13.27 percent. Polaris Industries Inc. stock has a 52-week high of $131.71.
U.S. stocks finished sharply lower on Tuesday as equities amid a slump in energy shares and continued uncertainty about the Federal Reserve’s plans for monetary policy.
The Dow Jones Industrial Average DJIA, -1.41% closed 258.05 points, or 1.4%, lower at 18,066.89, and was down nearly 300 points at its lowest.
The S&P 500 index SPX, -1.48% gave up 32.02 points, or 1.5%, at 2,127.02.
Meanwhile, the Nasdaq Composite Index COMP, -1.09% fell 56.63 points, or 1.1%, at 5,155.25.
Stock prices often move to the upside on recommendations and new price targets of professional analysts.
Shares of Polaris Industries Inc. (NYSE: PII) opened at $75.98 yesterday and traded in a range between, $73.55 and $76.35, and last traded at $74.85, which represents a change of $ -1.94 over the previous closing price.
Polaris Industries Inc. (NYSE: PII) currently has a market cap of 4.80B
The stocks average daily volume is 1,347,730 shares out of a total float 59,306,000 and some 2,681,823 shares crossed the trading desk yesterday, 35 percent higher than normal. Significant increases in trading volume and price appreciation together could signal heavy volume accumulation by institutional investors.
As with all potential breakouts, investors look for volume to be at least 40%-50% higher than normal on the breakout to show that fund managers and other professional investors are jumping in.
Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.
Professional investors such as these retain substantial teams of analysts that research thousands of stocks. Thus, watching their interests is a good way to ensure you are buying the right stocks.
By tracking the activity of these professional investors—and the moving averages they affect—it allows for traders to make more effective decisions on trades.
With that in mind Polaris Industries Inc. (NYSE: PII) now has a 50-day MA is $90.89 and 200-day MA is $90.42, and it has traded in a 52-week range between $67.80 – 131.71 and today’s last price is -43.17 percent off the 52 week high of $131.71.
Indeed, earnings growth is among the most important things to look in regards to stock investing and, accordingly, investors seek companies who have been successful at growing their earnings by at least 25 percent over a 3 year period.
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