A number of equity research firms have modified their stock ratings and price targets on shares of Arctic Cat Inc. (NASDAQ: ACAT) in the last week:
Arctic Cat Inc. had its price target raised by analysts at Feltl & Co. from $23.00 to $30.00. The analysts now have a “buy” rating on the stock.
Arctic Cat Inc. had its price target raised by analysts at Wedbush to $25.00.
Arctic Cat Inc. had its “buy” rating re-affirmed by analysts at KeyBanc.
Arctic Cat Inc. had its “neutral” rating re-affirmed by analysts at Wedbush.
About Arctic Cat Inc.:
Arctic Cat Inc. (Arctic Cat) designs, engineers, manufactures and markets snowmobiles and all-terrain vehicles (ATVs) under the Arctic Cat brand name, as well as related parts, garments and accessories. The Company markets its products through a network of independent dealers located throughout the United States, Canada, and Europe and through distributors representing dealers in Europe, South America, the Middle East, Asia and other international markets. The Company’s snowmobile models are categorized as Performance, Crossover, Mountain, Touring and Utility. As of March 31, 2010, the Company’s ATV products had 31 models. For the fiscal year ended March 31, 2011 (fiscal 2011), snowmobiles accounted for 39%, ATVs accounted for 39% and garments and accessories accounted for 22%, of the Company’s revenues.
Shares of Arctic Cat Inc. traded down 2.84% during mid-day trading on Monday, hitting $22.55. Arctic Cat Inc. has a 52 week low of $11.55 and a 52 week high of $24.00. The stock’s 50-day moving average is $20.01 and its 200-day moving average is $16.5. The company has a market cap of $412.5 million and a price-to-earnings ratio of 23.09.