Robert W. Baird Downgrades Polaris (NYSE:PII) to Neutral

Polaris (NYSE:PII) was downgraded by research analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a research report issued on Friday, Marketbeat.com reports. They currently have a $40.00 price target on the stock, down from their prior price target of $56.00. Robert W. Baird’s target price would suggest a potential upside of 10.51% from the stock’s current price.

A number of other research analysts also recently commented on the stock. DA Davidson lowered their price objective on shares of Polaris from $69.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. UBS Group dropped their price target on shares of Polaris from $67.00 to $48.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. KeyCorp cut Polaris from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, January 8th. BMO Capital Markets dropped their target price on Polaris from $60.00 to $50.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 29th. Finally, Bank of America reduced their price target on Polaris from $55.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, March 17th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Polaris currently has an average rating of “Hold” and an average price target of $58.50.

Polaris Price Performance

PII opened at $36.20 on Friday. The firm has a market capitalization of $2.03 billion, a P/E ratio of 18.47, a PEG ratio of 13.95 and a beta of 1.54. The stock has a fifty day moving average of $44.76 and a 200-day moving average of $60.37. The company has a quick ratio of 0.39, a current ratio of 1.15 and a debt-to-equity ratio of 1.27. Polaris has a 12-month low of $33.87 and a 12-month high of $100.00.

Polaris (NYSE:PII) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. Equities analysts forecast that Polaris will post 1.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Larson Financial Group LLC grew its position in shares of Polaris by 386.5% in the fourth quarter. Larson Financial Group LLC now owns 506 shares of the company’s stock valued at $29,000 after purchasing an additional 402 shares during the last quarter. Twin Tree Management LP bought a new stake in Polaris during the 4th quarter valued at approximately $29,000. Lindbrook Capital LLC grew its holdings in Polaris by 295.4% in the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock valued at $30,000 after buying an additional 387 shares during the last quarter. Quarry LP increased its position in Polaris by 187.4% in the 3rd quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after buying an additional 253 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Polaris by 191.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,214 shares of the company’s stock worth $50,000 after buying an additional 797 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.