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

Polaris Industries ( PII) pushed the Automotive industry lower today making it today's featured Automotive loser. The industry as a whole closed the day up 0.8%. By the end of trading, Polaris Industries fell 59 cents (-0.8%) to $74.20 on average volume. Throughout the day, 733,238 shares of Polaris Industries exchanged hands as compared to its average daily volume of 876,000 shares. The stock ranged in price between $74.09-$75.46 after having opened the day at $74.40 as compared to the previous trading day's close of $74.79. Other company's within the Automotive industry that declined today were: ATC Venture Group ( ATC), down 9.1%, Titan International ( TWI), down 5.7%, China Zenix Auto International Ltd ADR ( ZX), down 5.4%, and SORL Auto Parts ( SORL), down 5%.

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 $5.07 billion and is part of the consumer goods sector. The company has a P/E ratio of 21.8, equal to the average automotive industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 32.8% 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 two 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.

On the positive front, Oshkosh Corporation ( OSK), up 4.8%, Tenneco ( TEN), up 4.6%, Arctic Cat ( ACAT), up 4.2%, and Modine Manufacturing Company ( MOD), up 3.6%, were all gainers within the automotive industry with PACCAR ( PCAR) being today's featured automotive industry winner.

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).

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