Polaris Reaches New 52-Week High (PII)

NEW YORK ( TheStreet) -- Polaris Industries (NYSE: PII) hit a new 52-week high Thursday as it is currently trading at $81.39, above its previous 52-week high of $81.38 with 135,407 shares traded as of 10:10 a.m. ET. Average volume has been 815,400 shares over the past 30 days.

Polaris has a market cap of $5.32 billion and is part of the consumer goods sector and automotive industry. Shares are up 44% year to date as of the close of trading on Wednesday.

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 23, equal to the average automotive industry P/E ratio 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, 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 shows weak operating cash flow. You can view the full Polaris Ratings Report.

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