Brokerages Set Arctic Cat Inc. (ACAT) PT at $14.50
Shares of Arctic Cat Inc. (NASDAQ:ACAT) have earned a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the firm. Four equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $14.50.
A number of equities analysts have commented on ACAT shares. Jefferies Group started coverage on shares of Arctic Cat in a research report on Friday, September 30th. They issued a “buy” rating and a $19.00 price target on the stock. Wunderlich upgraded shares of Arctic Cat from a “sell” rating to a “hold” rating and set a $13.00 target price on the stock in a research report on Wednesday, September 14th. Wells Fargo & Co. reiterated a “hold” rating on shares of Arctic Cat in a research report on Tuesday, September 20th. Feltl & Co. lowered shares of Arctic Cat from a “hold” rating to a “sell” rating and set a $12.00 target price on the stock. in a research report on Friday, July 29th. Finally, KeyCorp reiterated a “buy” rating and set a $22.00 target price on shares of Arctic Cat in a research report on Thursday, October 6th.
Institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. increased its stake in Arctic Cat by 3.0% in the second quarter. Principal Financial Group Inc. now owns 91,852 shares of the company’s stock worth $1,561,000 after buying an additional 2,649 shares during the period. Virginia Retirement Systems ET AL acquired a new stake in Arctic Cat during the second quarter worth $513,000. California Public Employees Retirement System increased its stake in Arctic Cat by 32.8% in the second quarter. California Public Employees Retirement System now owns 59,900 shares of the company’s stock worth $1,018,000 after buying an additional 14,800 shares during the period. Emerald Acquisition Ltd. acquired a new stake in Arctic Cat during the second quarter worth $4,780,000. Finally, Teachers Advisors Inc. increased its stake in Arctic Cat by 7.5% in the second quarter. Teachers Advisors Inc. now owns 19,928 shares of the company’s stock worth $339,000 after buying an additional 1,395 shares during the period. Institutional investors own 99.52% of the company’s stock.
Shares of Arctic Cat (NASDAQ:ACAT) opened at 16.86 on Wednesday. The company’s 50-day moving average is $15.00 and its 200-day moving average is $15.47. Arctic Cat has a one year low of $8.90 and a one year high of $22.53. The company’s market capitalization is $219.97 million.
Arctic Cat (NASDAQ:ACAT) last released its quarterly earnings results on Wednesday, November 9th. The company reported ($0.98) EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by $1.34. The firm earned $164.20 million during the quarter, compared to analyst estimates of $196.42 million. Arctic Cat had a negative net margin of 7.66% and a negative return on equity of 25.00%. Arctic Cat’s quarterly revenue was down 22.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 earnings per share. Equities analysts predict that Arctic Cat will post ($1.45) earnings per share for the current year.
Arctic Cat Company Profile
Arctic Cat Inc (Arctic Cat) designs, engineers, manufactures and markets snowmobiles and all-terrain vehicles (ATVs) and recreational off-highway vehicles (side-by-sides or ROVs), as well as related parts, garments and accessories (PG&A). The Company offers its products under the Arctic Cat and MotorFist brand names.
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