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
€75.50
-0.650%
Polaris Industries Inc. is currently one of the favorites of our community with 8 Buy predictions and no Sell predictions.
With a target price of 109 € there is a positive potential of 44.37% for Polaris Industries Inc. compared to the current price of 75.5 €.
