Polaris Stock Hits New 52-Week High (PII)

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

NEW YORK ( TheStreet) -- Polaris Industries (NYSE: PII) hit a new 52-week high Thursday as it is currently trading at $83.84, above its previous 52-week high of $83.63 with 305,304 shares traded as of 12:50 p.m. ET. Average volume has been 799,300 shares over the past 30 days.

Polaris has a market cap of $5.64 billion and is part of the consumer goods sector and automotive industry. Shares are up 47.9% 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 22.4, 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, notable return on equity and good cash flow from operations. 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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