Polaris (NYSE:PII) Price Target Lowered to $69.00 at Morgan Stanley

Polaris (NYSE:PII) had its price target decreased by Morgan Stanley from $74.00 to $69.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 13.02% from the company’s current price.

Several other research firms have also weighed in on PII. Roth Mkm restated a “neutral” rating on shares of Polaris in a research report on Wednesday, April 29th. Wells Fargo & Company raised their target price on shares of Polaris from $52.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 29th. Weiss Ratings lowered shares of Polaris from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 17th. Raymond James Financial reiterated an “outperform” rating on shares of Polaris in a research report on Wednesday, April 29th. Finally, Royal Bank Of Canada decreased their target price on Polaris to $67.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $64.44.

Polaris Stock Performance

NYSE PII traded down $2.93 on Tuesday, hitting $61.05. The stock had a trading volume of 44,656 shares, compared to its average volume of 1,180,580. The company has a quick ratio of 0.48, a current ratio of 1.21 and a debt-to-equity ratio of 2.72. The company’s 50-day moving average is $57.89 and its two-hundred day moving average is $63.28. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of -7.80 and a beta of 1.25. Polaris has a one year low of $36.73 and a one year high of $75.25.

Polaris (NYSE:PII) last posted its quarterly earnings data on Monday, April 27th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of ($0.43) by $0.56. Polaris had a negative net margin of 6.13% and a positive return on equity of 5.91%. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the prior year, the company posted ($0.90) earnings per share. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. On average, analysts expect that Polaris will post 1.7 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Kemnay Advisory Services Inc. bought a new stake in Polaris in the fourth quarter worth $27,000. Danske Bank A S raised its holdings in Polaris by 150.0% during the fourth quarter. Danske Bank A S now owns 500 shares of the company’s stock valued at $32,000 after buying an additional 300 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Polaris in the fourth quarter worth about $40,000. Bard Associates Inc. acquired a new stake in shares of Polaris in the fourth quarter worth about $46,000. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of Polaris during the 4th quarter worth about $52,000. Institutional investors and hedge funds own 88.06% of the company’s stock.

About Polaris

Polaris Inc, founded in 1954 and headquartered in Medina, Minnesota, is a diversified manufacturer of powersports vehicles and related products. Initially gaining prominence with its snowmobiles, Polaris expanded its portfolio over the decades to include all-terrain vehicles (ATVs), side-by-side off-road vehicles, and motorcycles. The company’s legacy in recreational and utility vehicle innovation stems from early engineering breakthroughs that established Polaris as a leading name in off-road mobility.

Today, Polaris offers a broad range of products under well-known brands such as Polaris RANGER and POLARIS SPORTSMAN for utility and recreation markets, Slingshot three-wheel roadsters for on-road enthusiasts, and the Indian Motorcycle brand for premium two-wheeled touring and cruiser segments.