Roth Mkm Lowers Polaris (NYSE:PII) Price Target to $57.00

Polaris (NYSE:PII) had its price target lowered by Roth Mkm from $76.00 to $57.00 in a research note published on Friday,Benzinga reports. Roth Mkm currently has a neutral rating on the stock.

PII has been the subject of a number of other reports. DA Davidson dropped their price objective on shares of Polaris from $84.00 to $69.00 and set a “buy” rating for the company in a report on Friday, January 17th. Truist Financial decreased their price objective on Polaris from $76.00 to $60.00 and set a “hold” rating on the stock in a report on Tuesday, January 7th. Royal Bank of Canada reduced their price target on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 23rd. Robert W. Baird lowered their price objective on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a report on Monday, December 30th. Finally, Citigroup reduced their target price on shares of Polaris from $73.00 to $57.00 and set a “neutral” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Polaris has an average rating of “Hold” and an average price target of $73.45.

Polaris Price Performance

Shares of NYSE PII opened at $53.80 on Friday. Polaris has a twelve month low of $52.62 and a twelve month high of $100.91. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $3.00 billion, a P/E ratio of 15.03, a P/E/G ratio of 6.05 and a beta of 1.53. The stock’s 50-day simple moving average is $60.62 and its two-hundred day simple moving average is $72.84.

Institutional Investors Weigh In On Polaris

Large investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its stake in shares of Polaris by 0.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 91,612 shares of the company’s stock valued at $7,174,000 after purchasing an additional 831 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Polaris by 10.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock worth $76,994,000 after acquiring an additional 96,194 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in Polaris by 67.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,657 shares of the company’s stock valued at $365,000 after acquiring an additional 1,881 shares during the period. Hsbc Holdings PLC bought a new stake in Polaris during the second quarter worth about $1,211,000. Finally, Sei Investments Co. grew its holdings in shares of Polaris by 31.0% during the second quarter. Sei Investments Co. now owns 3,601 shares of the company’s stock valued at $282,000 after buying an additional 853 shares during the last quarter. Institutional investors own 88.06% of the company’s stock.

About Polaris

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.