Polaris (NYSE:PII) Price Target Cut to $57.00 by Analysts at Roth Mkm

Polaris (NYSE:PII) had its target price reduced by Roth Mkm from $76.00 to $57.00 in a report released on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Roth Mkm’s target price points to a potential upside of 4.60% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Citigroup dropped their price target on shares of Polaris from $73.00 to $57.00 and set a “neutral” rating on the stock in a report on Thursday. Royal Bank of Canada lowered their price objective on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 23rd. DA Davidson lowered their price objective on shares of Polaris from $84.00 to $69.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Morgan Stanley restated an “equal weight” rating and set a $60.00 target price (down previously from $81.00) on shares of Polaris in a research note on Tuesday. Finally, StockNews.com cut shares of Polaris from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. One 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 stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $73.45.

Polaris Trading Up 0.5 %

NYSE PII traded up $0.27 during trading on Friday, hitting $54.50. The company had a trading volume of 350,669 shares, compared to its average volume of 1,133,043. The company has a current ratio of 1.21, a quick ratio of 0.32 and a debt-to-equity ratio of 1.28. Polaris has a one year low of $52.62 and a one year high of $100.91. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 15.22, a price-to-earnings-growth ratio of 6.05 and a beta of 1.53. The company’s fifty day moving average is $60.88 and its 200-day moving average is $73.01.

Polaris (NYSE:PII) last released its earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). Polaris had a return on equity of 17.92% and a net margin of 2.64%. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the prior year, the company earned $2.71 earnings per share. The firm’s quarterly revenue was down 23.4% compared to the same quarter last year. On average, sell-side analysts predict that Polaris will post 3.22 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Venturi Wealth Management LLC grew its holdings in shares of Polaris by 534.5% in the third quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock valued at $29,000 after purchasing an additional 294 shares in the last quarter. Blue Trust Inc. boosted its stake in Polaris by 2,431.3% during the third quarter. Blue Trust Inc. now owns 405 shares of the company’s stock worth $32,000 after buying an additional 389 shares during the period. Quarry LP lifted its position in shares of Polaris by 187.4% during the third quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after purchasing an additional 253 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Polaris by 232.6% during the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock worth $56,000 after purchasing an additional 677 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in shares of Polaris by 19.9% during the third quarter. National Bank of Canada FI now owns 1,101 shares of the company’s stock worth $92,000 after purchasing an additional 183 shares during the last quarter. 88.06% of the stock is owned by hedge funds and other institutional investors.

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.