Jefferies announced Arctic Cat (NASDAQ:ACAT), boosting its stock price target to $19.00 today
- Updated: September 30, 2016
In a report released on 9/30/2016 Jefferies increased the target of Arctic Cat (NASDAQ:ACAT) to $19.00 stating a potential upside of 0.32%.
On 9/14/2016, Wunderlich released a statement on Arctic Cat (NASDAQ:ACAT) upped the target price from $0.00 to $13.00 that suggested a downside of -0.05%.
Having a price of $14.41, Arctic Cat (NASDAQ:ACAT) traded -0.55% lower on the day. With the last close down -8.70% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Arctic Cat has recorded a 50-day average of $14.63 and a two hundred day average of $15.78. Volume of trade was down over the average, with 61,400 shares of ACAT changing hands under the typical 133,988
With a total market value of $0, Arctic Cat has with a one year low of $8.90 and a one year high of $25.60 .
A total of 7 equity analysts have released a ratings update on ACAT. Two equity analysts rating the company a strong buy, one equity analyst rating the company a buy, five equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $15.29.
Brief Synopsis About Arctic Cat (NASDAQ:ACAT)
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. The Company operates through two segments: snowmobile and ATV/ROV, and PG&A. The Company produces a line of snowmobiles, consisting of approximately 60 models, marketed under the Arctic Cat brand name. Its ATVs line includes approximately 30 models. The Company offers a total of approximately 16 models under ROVs. The Company provides Arctic Cat Snowmobile, ATV and ROV parts, garments and accessories. It markets its products through a network of independent dealers located throughout the United States, Canada and Europe, and through distributors representing dealers in Europe, Russia, South America, the Middle East, China, Asia and other international markets.
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