Polaris (NYSE:PII) had its price objective raised by equities research analysts at Royal Bank of Canada from $127.00 to $151.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a "sector perform" rating on the stock. Royal Bank of Canada's price target points to a potential upside of 5.80% from the company's current price.
A number of other equities analysts have also weighed in on PII. Truist increased their target price on Polaris from $125.00 to $150.00 in a research note on Wednesday, April 28th. Wedbush increased their price target on Polaris from $134.00 to $153.00 and gave the stock an "outperform" rating in a research report on Monday, March 15th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell downgraded Polaris from a "buy" rating to a "neutral" rating and set a $160.00 price target on the stock. in a research report on Monday, April 26th. KeyCorp increased their price target on Polaris from $138.00 to $155.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 28th. Finally, Robert W. Baird increased their price target on Polaris from $145.00 to $160.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 28th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Polaris currently has an average rating of "Buy" and an average target price of $145.13.
NYSE:PII opened at $142.72 on Tuesday. The company has a quick ratio of 0.52, a current ratio of 1.06 and a debt-to-equity ratio of 1.40. The stock's 50 day moving average price is $138.56 and its two-hundred day moving average price is $114.09. The firm has a market capitalization of $8.79 billion, a price-to-earnings ratio of 432.48 and a beta of 2.05. Polaris has a 12-month low of $62.09 and a 12-month high of $147.73.
Polaris (NYSE:PII) last announced its earnings results on Tuesday, April 27th. The company reported $2.30 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.56 by $0.74. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.85 billion. Polaris had a return on equity of 40.78% and a net margin of 0.38%. The firm's quarterly revenue was up 38.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.22 earnings per share. Equities research analysts expect that Polaris will post 7.27 EPS for the current year.
In related news, insider Stephen L. Eastman sold 7,714 shares of the firm's stock in a transaction on Wednesday, March 10th. The stock was sold at an average price of $133.55, for a total transaction of $1,030,204.70. Following the completion of the transaction, the insider now directly owns 19,038 shares of the company's stock, valued at approximately $2,542,524.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP James P. Williams sold 30,000 shares of the firm's stock in a transaction on Monday, March 15th. The stock was sold at an average price of $138.84, for a total value of $4,165,200.00. Following the transaction, the senior vice president now directly owns 48,185 shares of the company's stock, valued at $6,690,005.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 167,023 shares of company stock worth $22,175,616. 3.20% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the stock. Huntington National Bank bought a new position in Polaris during the 4th quarter worth $26,000. International Assets Investment Management LLC bought a new position in Polaris during the 4th quarter worth $32,000. CVA Family Office LLC bought a new position in shares of Polaris in the 1st quarter worth about $33,000. Lederer & Associates Investment Counsel CA bought a new position in shares of Polaris in the 1st quarter worth about $42,000. Finally, Addison Advisors LLC bought a new position in shares of Polaris in the 4th quarter worth about $46,000. 73.65% of the stock is owned by institutional investors and hedge funds.
Polaris Company Profile
Polaris Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates in five segments: ORV/Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bikes conversion kit systems; motorcycles; and low emission, light duty hauling, passenger, and industrial vehicles.
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