Arctic Cat (ACAT) is an established producer of outdoor recreational vehicles encompassing snowmobiles, all-terrain vehicles (ATV) and utility task vehicles (UTV), as well as related accessories and garments. We believe the future for this company is promising as it is constantly improving and developing its product line to appeal to its customers. We reiterate our BUY recommendation with $65 price target as we believe the company offers competitive products and is locking in customers by developing its brand awareness.
The three products offered by the company are snowmobiles, ATVs and UTVs. In terms of revenue, snowmobiles accounted for 39% whereas ATVs and UTVs accounted for 45% of total revenue for 2013. The remaining 16% was...
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