Polaris Industries Inc. (PII): Today's Featured Automotive Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Polaris Industries (PII) pushed the Automotive industry lower today making it today's featured Automotive laggard. The industry as a whole closed the day down 0.9%. By the end of trading, Polaris Industries fell $1.27 (-1.5%) to $83.59 on average volume. Throughout the day, 775,346 shares of Polaris Industries exchanged hands as compared to its average daily volume of 754,800 shares. The stock ranged in price between $83.17-$85.69 after having opened the day at $85.29 as compared to the previous trading day's close of $84.86. Other companies within the Automotive industry that declined today were: Enova Systems (ENA), down 7.5%, Accuride (ACW), down 7.5%, Hyster-Yale Materials Handling (HY), down 7.5%, and Quantum Fuel Systems Technologies Worldwide (QTWW), down 5%.

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Polaris Industries Inc., together with its subsidiaries, engages in designing, engineering, manufacturing, and marketing off-road vehicles, snowmobiles, and on-road vehicles primarily in the United States, Canada, and Europe. Polaris Industries has a market cap of $5.85 billion and is part of the consumer goods sector. The company has a P/E ratio of 21, equal to the average automotive industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 52.6% year to date as of the close of trading on Tuesday. Currently there are nine analysts that rate Polaris Industries a buy, no analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates Polaris Industries as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

• You can view the full Polaris Ratings Report.

On the positive front, Marine Products Corporation (MPX), up 10.3%, Swift Transportation (SWFT), up 3.1%, Spartan Motors (SPAR), up 1.9%, and Stoneridge (SRI), up 1.8%, were all gainers within the automotive industry with Ford Motor (F) being today's featured automotive industry leader.

• Use our automotive section to find industry-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the automotive industry could consider Consumer Discretionary Sel Sec SPDR (XLY) while those bearish on the automotive industry could consider ProShares Ultra Sht Consumer Goods (SZK).

• Find other investment ideas from our top rated ETFs lists.

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For more information on Polaris Industries Inc. click any of the following:

• Polaris Industries Inc. Stock Price

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• Polaris Industries Inc. Growth Rates

• Polaris Industries Inc. Balance Sheet

• Polaris Industries Inc. Cash Flow

• Polaris Industries Inc. Income Statement