Polaris (NYSE:PII) PT Lowered to $100.00

Polaris (NYSE:PII) had its price objective dropped by research analysts at Robert W. Baird from $110.00 to $100.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s target price indicates a potential upside of 15.61% from the stock’s current price.

A number of other research firms have also recently issued reports on PII. Longbow Research upgraded Polaris from a “neutral” rating to a “buy” rating and set a $120.00 target price on the stock in a research note on Monday, April 8th. BMO Capital Markets cut their target price on Polaris from $100.00 to $95.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 31st. Bank of America began coverage on Polaris in a research note on Wednesday, April 3rd. They issued a “neutral” rating and a $110.00 target price on the stock. Royal Bank of Canada lifted their price objective on shares of Polaris from $100.00 to $103.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 31st. Finally, DA Davidson restated a “neutral” rating and set a $80.00 price objective on shares of Polaris in a research note on Tuesday, March 5th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $102.45.

Polaris Stock Down 1.9 %

PII stock opened at $86.50 on Wednesday. The company has a market capitalization of $4.89 billion, a P/E ratio of 9.94, a PEG ratio of 2.39 and a beta of 1.60. The firm has a 50 day simple moving average of $92.93 and a 200-day simple moving average of $91.69. The company has a current ratio of 1.39, a quick ratio of 0.46 and a debt-to-equity ratio of 1.31. Polaris has a twelve month low of $82.00 and a twelve month high of $138.49.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, January 30th. The company reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.69). The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.25 billion. Polaris had a return on equity of 40.98% and a net margin of 5.63%. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.46 EPS. On average, equities research analysts predict that Polaris will post 7.97 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Polaris

Institutional investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System grew its stake in Polaris by 2.7% during the 1st quarter. Louisiana State Employees Retirement System now owns 15,300 shares of the company’s stock valued at $1,532,000 after acquiring an additional 400 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of Polaris by 7.4% during the 1st quarter. Amalgamated Bank now owns 36,431 shares of the company’s stock valued at $3,647,000 after buying an additional 2,505 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Polaris by 3.3% during the 1st quarter. Fifth Third Bancorp now owns 3,770 shares of the company’s stock valued at $377,000 after buying an additional 122 shares during the last quarter. Hunter Perkins Capital Management LLC acquired a new stake in shares of Polaris during the 1st quarter valued at about $6,246,000. Finally, Raymond James & Associates lifted its holdings in shares of Polaris by 6.8% during the 1st quarter. Raymond James & Associates now owns 405,105 shares of the company’s stock valued at $40,559,000 after buying an additional 25,685 shares during 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.