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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Polaris Industries ( PII) pushed the Automotive industry higher today making it today's featured automotive winner. The industry as a whole closed the day up 1.4%. By the end of trading, Polaris Industries rose $1.64 (1.2%) to $143.21 on average volume. Throughout the day, 480,923 shares of Polaris Industries exchanged hands as compared to its average daily volume of 581,100 shares. The stock ranged in a price between $141.92-$143.64 after having opened the day at $143.00 as compared to the previous trading day's close of $141.57. Other companies within the Automotive industry that increased today were: Meritor ( MTOR), up 18.1%, Quantum Fuel Systems Technologies Worldwide ( QTWW), up 6.5%, Westport Innovations ( WPRT), up 6.2% and SORL Auto Parts ( SORL), up 5.7%.

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 internationally. Polaris Industries has a market cap of $9.7 billion and is part of the consumer goods sector. The company has a P/E ratio of 27.5, above the S&P 500 P/E ratio of 17.7. Shares are up 68.2% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate Polaris Industries a buy, no analysts rate it a sell, and 2 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 negative front, Shiloh Industries ( SHLO), down 5.6%, Marine Products Corporation ( MPX), down 3.1%, Navistar International ( NAV), down 2.2% and Federal Signal ( FSS), down 2.1%.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

More from Markets

Trade Tussle Sinks Stocks, Oil Slides, Micron, Daimler - 5 Things You Must Know

Trade Tussle Sinks Stocks, Oil Slides, Micron, Daimler - 5 Things You Must Know

Trade War Fear Creeps Back Into Markets on Thursday

Trade War Fear Creeps Back Into Markets on Thursday

Daimler Slumps After Profit Warning Cites 'Import Tariffs' in US-China Trade War

Daimler Slumps After Profit Warning Cites 'Import Tariffs' in US-China Trade War

Oil Prices Slide as Saudi Energy Minister Suggests OPEC Output Deal Imminent

Oil Prices Slide as Saudi Energy Minister Suggests OPEC Output Deal Imminent

5 Biggest U.S. Tech Stocks Test $4 Trillion Valuation Amid Bullish Nasdaq Run

5 Biggest U.S. Tech Stocks Test $4 Trillion Valuation Amid Bullish Nasdaq Run