Polaris Stock Hits New 52-Week High (PII)

NEW YORK ( TheStreet) -- Polaris Industries (NYSE: PII) hit a new 52-week high Wednesday as it is currently trading at $61.75, above its previous 52-week high of $61.50 with 781,251 shares traded as of 1:40 p.m. ET. Average volume has been 1.1 million shares over the past 30 days.

Polaris has a market cap of $4.1 billion and is part of the consumer goods sector and automotive industry. Shares are up 51.1% year to date as of the close of trading on Tuesday.

Polaris Industries Inc. designs, engineers, and manufactures off-road vehicles. It offers all terrain vehicles and side-by-side vehicles for recreational and utility use; snowmobiles; and on-road vehicles, including motorcycles and low emission vehicles. The company has a P/E ratio of 19.5, equal to the average automotive industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Polaris 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.

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