Polaris (NYSE:PII) Stock Gets Price Target Trim from Wells Fargo & Company

Key Points

• Wells Fargo lowered Polaris’ price target from $70 to $55 while maintaining an “equal weight” rating, implying approximately 6.23% upside from the stock’s current price.
• Analyst sentiment remains cautious: Polaris has an average “Hold” rating, with 12 Holds, one Buy, and one Sell; the consensus target price is $64.22.
• Polaris shares fell 0.7% to $51.78, while the company’s latest quarterly results exceeded expectations, reporting $1.97 in EPS versus a $0.76 estimate and revenue of $2.02 billion.

Polaris (NYSE:PII - Get Free Report) had its target price reduced by analysts at Wells Fargo & Company from $70.00 to $55.00 in a research report issued on Monday, Benzinga reports. The firm presently has an "equal weight" rating on the stock. Wells Fargo & Company's price target suggests a potential upside of 6.23% from the stock's current price.

A number of other equities research analysts also recently issued reports on PII. Robert W. Baird reduced their price target on shares of Polaris from $72.00 to $65.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 7th. Roth Capital reaffirmed a "neutral" rating on shares of Polaris in a research report on Wednesday, July 29th. Citigroup reiterated a "neutral" rating on shares of Polaris in a report on Monday. Bank of America reissued a "neutral" rating on shares of Polaris in a research report on Wednesday, July 29th. Finally, KeyCorp reissued a "sector weight" rating on shares of Polaris in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Polaris presently has an average rating of "Hold" and a consensus target price of $64.22.

Polaris Trading Down 0.7%

NYSE:PII traded down $0.37 on Monday, reaching $51.78. The company's stock had a trading volume of 25,743 shares, compared to its average volume of 996,611. Polaris has a 12-month low of $47.14 and a 12-month high of $77.98. The stock has a 50 day moving average price of $58.79 and a 200 day moving average price of $63.38. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of -11.19 and a beta of 1.32. The company has a quick ratio of 0.47, a current ratio of 1.20 and a debt-to-equity ratio of 2.28.

Polaris (NYSE:PII - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $1.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $1.21. Polaris had a positive return on equity of 16.77% and a negative net margin of 3.50%. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the company earned ($1.39) EPS. The company's quarterly revenue was up 9.2% on a year-over-year basis. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. On average, equities analysts anticipate that Polaris will post 3.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Polaris

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Elevation Wealth Partners LLC increased its stake in shares of Polaris by 471.0% during the second quarter. Elevation Wealth Partners LLC now owns 571 shares of the company's stock worth $39,000 after buying an additional 471 shares during the period. Versant Capital Management Inc lifted its stake in Polaris by 128.1% in the second quarter. Versant Capital Management Inc now owns 949 shares of the company's stock worth $65,000 after acquiring an additional 533 shares during the last quarter. SHP Wealth Management acquired a new position in Polaris during the 4th quarter worth approximately $74,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Polaris during the 1st quarter worth approximately $96,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Polaris in the 2nd quarter valued at approximately $123,000. Hedge funds and other institutional investors own 88.06% of the company's stock.

Polaris Company Profile

Polaris Inc is a powersports and recreational vehicles company headquartered in Medina, Minnesota. Founded in 1954, the company initially became known for its snowmobiles and has expanded into a diversified manufacturer of off-road vehicles, motorcycles, snowmobiles, and marine products.

Its product portfolio includes all-terrain vehicles and side-by-side vehicles sold under brands such as RANGER, RZR, and Sportsman. Polaris also manufactures snowmobiles under the Polaris brand, motorcycles through Indian Motorcycle and Slingshot, and boats through marine brands including Bennington, Godfrey, and Hurricane.

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