Arctic Cat Inc (NASDAQ:ACAT) has received an average rating of “Hold” from the nine brokerages that are presently covering the company. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $17.20.
A number of equities analysts recently weighed in on the stock. BMO Capital Markets upgraded shares of Arctic Cat from an “underperform” rating to a “market perform” rating in a report on Monday, January 30th. Zacks Investment Research cut shares of Arctic Cat from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 31st. Wunderlich reaffirmed a “hold” rating and set a $18.50 price objective on shares of Arctic Cat in a research report on Wednesday, February 8th. Jefferies Group LLC cut shares of Arctic Cat from a “buy” rating to a “hold” rating and set a $18.50 price objective for the company. in a research report on Thursday, January 26th. Finally, Wells Fargo & Co cut shares of Arctic Cat from a “market perform” rating to an “underperform” rating in a research report on Wednesday, January 25th.
Several large investors have recently made changes to their positions in the stock. Metropolitan Life Insurance Co. NY acquired a new stake in shares of Arctic Cat during the fourth quarter worth about $155,000. Comerica Bank boosted its stake in Arctic Cat by 5.1% in the fourth quarter. Comerica Bank now owns 13,739 shares of the company’s stock valued at $187,000 after buying an additional 671 shares in the last quarter. Kempen Capital Management N.V. boosted its stake in Arctic Cat by 29.4% in the third quarter. Kempen Capital Management N.V. now owns 19,641 shares of the company’s stock valued at $304,000 after buying an additional 4,458 shares in the last quarter. US Bancorp DE boosted its stake in Arctic Cat by 5.7% in the third quarter. US Bancorp DE now owns 23,671 shares of the company’s stock valued at $366,000 after buying an additional 1,283 shares in the last quarter. Finally, Simplex Trading LLC purchased a new stake in Arctic Cat during the first quarter valued at $461,000. 99.54% of the stock is owned by institutional investors.
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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