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 $76.92, above its previous 52-week high of $75.60 with 254,378 shares traded as of 9:35 a.m. ET. Average volume has been 795,100 shares over the past 30 days.

Polaris has a market cap of $4.88 billion and is part of the consumer goods sector and automotive industry. Shares are up 30.6% year to date as of the close of trading on Tuesday.

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. The company has a P/E ratio of 22.6, above the average automotive industry P/E ratio of 22.3 and above the S&P 500 P/E ratio of 17.7.

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, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Polaris Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

If you liked this article you might like

Old Dogs Are Learning New Tricks: Cramer's 'Mad Money' Recap (Wednesday 7/26/17)

Polaris Recalling Thousands of ATVs Due to Fire, Fuel Leaks

Positioning for the Next Cycle

Hammer Out Your Portfolio With Thor Industries