On Monday, Polaris Industries (PII) got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96. Polaris Industries is now out of buy range after clearing the 129.10 buy point in a flat base.
The new rating shows Medina, Minn.-based Polaris Industries is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. Winning stocks often have a 95 or higher grade in the early stages of a new price run, so that’s an important benchmark to look for when looking for the best stocks to buy and watch.
Polaris Industries manufactures motorcycles, snowmobiles, ATVs and neighborhood electric vehicles.
Polaris Industries stock earns a 93 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 93% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
In Q1 results reported last week, the company posted 945% earnings-per-share growth. That means it’s now posted four straight quarters of rising EPS growth. Revenue growth climbed 39%, up from 24% in the prior quarter. That marks three quarters of rising growth. All of its growth was managed despite a number of supply chain challenges.
Polaris Industries earns the No. 4 rank among its peers in the Leisure-Products industry group. Brunswick (BC) is the No. 1-ranked stock within the group.
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