Arctic Cat Inc. (NASDAQ:ACAT)‘s stock had its “buy” rating reissued by investment analysts at KeyCorp in a research report issued on Thursday. They presently have a $22.00 price objective on the stock. KeyCorp’s price target suggests a potential upside of 47.06% from the company’s previous close.
ACAT has been the subject of a number of other reports. Feltl & Co. lowered shares of Arctic Cat from a “hold” rating to a “sell” rating and set a $12.00 target price for the company. in a research note on Friday, July 29th. Wunderlich reissued a “sell” rating and set a $13.00 target price (up from $10.00) on shares of Arctic Cat in a research note on Tuesday, July 12th. Zacks Investment Research raised shares of Arctic Cat from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 4th. Wells Fargo & Co. reissued a “hold” rating on shares of Arctic Cat in a research note on Tuesday, September 20th. Finally, Jefferies Group initiated coverage on shares of Arctic Cat in a research note on Friday, September 30th. They set a “buy” rating and a $19.00 target price for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $16.57.
Shares of Arctic Cat (NASDAQ:ACAT) opened at 14.96 on Thursday. The stock’s market capitalization is $195.18 million. Arctic Cat has a 12 month low of $8.90 and a 12 month high of $25.60. The company’s 50-day moving average is $14.66 and its 200 day moving average is $15.74.
Arctic Cat (NASDAQ:ACAT) last posted its quarterly earnings data on Friday, July 29th. The company reported ($0.81) EPS for the quarter, missing the consensus estimate of ($0.36) by $0.45. The firm had revenue of $104.90 million for the quarter, compared to analysts’ expectations of $117.81 million. Arctic Cat had a negative return on equity of 10.63% and a negative net margin of 3.10%. The firm’s quarterly revenue was down 22.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.08) earnings per share. Equities research analysts predict that Arctic Cat will post ($0.92) earnings per share for the current year.
In other news, Director Andrew S. Duff bought 5,000 shares of Arctic Cat stock in a transaction on Wednesday, August 3rd. The stock was acquired at an average cost of $14.89 per share, for a total transaction of $74,450.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.70% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in ACAT. Kempen Capital Management N.V. increased its position in shares of Arctic Cat by 77.8% in the first quarter. Kempen Capital Management N.V. now owns 9,883 shares of the company’s stock worth $166,000 after buying an additional 4,323 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of Arctic Cat by 2.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 10,144 shares of the company’s stock worth $170,000 after buying an additional 277 shares in the last quarter. Teachers Advisors Inc. increased its position in shares of 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 in the last quarter. Rhumbline Advisers increased its position in shares of Arctic Cat by 2.3% in the second quarter. Rhumbline Advisers now owns 20,534 shares of the company’s stock worth $349,000 after buying an additional 468 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of Arctic Cat by 19.6% in the second quarter. US Bancorp DE now owns 22,388 shares of the company’s stock worth $381,000 after buying an additional 3,673 shares in the last quarter. Institutional investors and hedge funds own 99.61% of the company’s stock.
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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