Polaris (NYSE:PII) PT Lowered to $95.00

Polaris (NYSE:PII) had its price objective lowered by equities researchers at Robert W. Baird from $100.00 to $95.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price target would suggest a potential upside of 25.07% from the company’s current price.

Several other equities research analysts have also commented on PII. DA Davidson decreased their price objective on shares of Polaris from $80.00 to $75.00 and set a “neutral” rating on the stock in a research report on Tuesday. Citigroup decreased their price objective on shares of Polaris from $100.00 to $96.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. StockNews.com lowered shares of Polaris from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Truist Financial decreased their price target on shares of Polaris from $96.00 to $92.00 and set a “hold” rating on the stock in a research note on Wednesday, April 24th. Finally, Longbow Research raised shares of Polaris from a “neutral” rating to a “buy” rating and set a $120.00 price target on the stock in a research note on Monday, April 8th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $99.36.

Polaris Stock Performance

Shares of PII opened at $75.96 on Wednesday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.42 and a current ratio of 1.47. The stock has a market capitalization of $4.29 billion, a P/E ratio of 11.14, a P/E/G ratio of 2.70 and a beta of 1.53. The company’s fifty day moving average is $81.54 and its two-hundred day moving average is $88.50. Polaris has a 1 year low of $74.25 and a 1 year high of $138.49.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.17. Polaris had a net margin of 4.63% and a return on equity of 31.39%. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same period in the prior year, the company posted $2.05 EPS. The business’s revenue for the quarter was down 20.3% on a year-over-year basis. On average, sell-side analysts predict that Polaris will post 8.01 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. New England Capital Financial Advisors LLC purchased a new stake in shares of Polaris during the first quarter valued at approximately $25,000. Creekmur Asset Management LLC acquired a new stake in shares of Polaris during the fourth quarter worth approximately $27,000. BKM Wealth Management LLC acquired a new stake in shares of Polaris during the fourth quarter worth approximately $31,000. Verity & Verity LLC acquired a new stake in shares of Polaris during the first quarter worth approximately $37,000. Finally, Bessemer Group Inc. grew its position in shares of Polaris by 174.1% during the first quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock worth $37,000 after buying an additional 235 shares in the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Polaris Company Profile

Polaris Inc designs, engineers, manufactures, and markets powersports vehicles in the United States, Canada, and internationally. It operates through three segments: Off-Road, On-Road, and Marine. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; military and commercial ORVs; snowmobiles; motorcycles; and moto-roadsters, quadricycles, and boats.