Polaris Provides Solid Results and Offered Medium-Term Targets; Shares Fairly Valued
Wide-moat Polaris’ fourth quarter was solid, with shipments of snowmobiles and off-road vehicles ticking up 13% and global adjacent market sales rising nearly 20%. And we found the updated medium-term outlook encouraging and mostly achievable. For one, the firm anticipates sales growth to average more than 5% (on an organic basis), but we don’t expect to alter our 4% average top-line growth forecast through 2022, as we still view the environment as secularly slower than in the past (which is unl...Polaris designs, engineers and manufactures powersports vehicles which include, off-road vehicles, including all-terrain vehicles and side-by-side vehicles for recreational and utility use, snowmobiles, motorcycles, global adjacent markets vehicles, including commercial, government and defense vehicles, and boats. The company's products, together with related Parts, Garments and Accessories, as well as aftermarket accessories and apparel, are sold through dealers, distributors and retail stores principally located in the United States, Canada, Western Europe, Australia and Mexico.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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