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

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

PII has been the subject of a number of other reports. KeyCorp cut shares of Polaris from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, January 8th. Morgan Stanley reiterated an “equal weight” rating and issued a $60.00 price target (down previously from $81.00) on shares of Polaris in a research report on Tuesday. Citigroup decreased their price objective on Polaris from $73.00 to $57.00 and set a “neutral” rating on the stock in a research report on Thursday. DA Davidson dropped their target price on Polaris from $84.00 to $69.00 and set a “buy” rating for the company in a report on Friday, January 17th. Finally, Truist Financial decreased their price target on Polaris from $76.00 to $60.00 and set a “hold” rating on the stock in a report on Tuesday, January 7th. 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $73.45.

Polaris Price Performance

Shares of Polaris stock opened at $53.80 on Friday. The firm has a market cap of $3.00 billion, a PE ratio of 15.03, a PEG ratio of 6.05 and a beta of 1.53. The stock has a 50 day moving average of $60.62 and a 200 day moving average of $72.86. 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 12 month low of $52.62 and a 12 month high of $100.91.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Venturi Wealth Management LLC lifted its holdings in Polaris by 534.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock valued at $29,000 after buying an additional 294 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Polaris by 2,431.3% during the third quarter. Blue Trust Inc. now owns 405 shares of the company’s stock valued at $32,000 after acquiring an additional 389 shares in the last quarter. Quarry LP boosted its holdings in shares of Polaris by 187.4% in the third quarter. Quarry LP now owns 388 shares of the company’s stock valued at $32,000 after purchasing an additional 253 shares during the period. GAMMA Investing LLC grew its stake in Polaris by 232.6% in the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock worth $56,000 after purchasing an additional 677 shares in the last quarter. Finally, National Bank of Canada FI increased its holdings in Polaris by 19.9% during the 3rd 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 period. 88.06% of the stock is currently owned by 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.