Polaris (NYSE:PII) Receives New Coverage from Analysts at Bank of America

Stock analysts at Bank of America assumed coverage on shares of Polaris (NYSE:PII - Get Free Report) in a research note issued on Wednesday, Marketbeat reports. The firm set a "neutral" rating and a $110.00 price target on the stock. Bank of America's target price suggests a potential upside of 12.82% from the stock's current price.

PII has been the topic of a number of other research reports. Royal Bank of Canada lifted their target price on Polaris from $100.00 to $103.00 and gave the company a "sector perform" rating in a research report on Wednesday, January 31st. BMO Capital Markets cut their price objective on Polaris from $100.00 to $95.00 and set a "market perform" rating on the stock in a report on Wednesday, January 31st. KeyCorp cut their price objective on Polaris from $115.00 to $105.00 and set an "overweight" rating on the stock in a report on Friday, January 12th. DA Davidson reiterated a "neutral" rating and issued a $80.00 price objective on shares of Polaris in a report on Tuesday, March 5th. Finally, Morgan Stanley raised Polaris from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $103.00 to $113.00 in a research note on Wednesday, January 17th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $103.20.

Polaris Price Performance

Shares of NYSE:PII traded up $0.40 during midday trading on Wednesday, hitting $97.50. The company had a trading volume of 368,733 shares, compared to its average volume of 684,099. Polaris has a twelve month low of $82.00 and a twelve month high of $138.49. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.39 and a quick ratio of 0.46. The stock has a market cap of $5.51 billion, a price-to-earnings ratio of 11.21 and a beta of 1.60. The business's 50-day simple moving average is $92.68 and its 200-day simple moving average is $92.81.

Polaris (NYSE:PII - Get Free Report) last posted its earnings results on Tuesday, January 30th. The company reported $1.98 EPS for the quarter, missing analysts' consensus estimates of $2.67 by ($0.69). Polaris had a net margin of 5.63% and a return on equity of 40.98%. The business had revenue of $2.29 billion during the quarter, compared to analysts' expectations of $2.25 billion. During the same quarter in the prior year, the firm earned $3.46 EPS. Polaris's revenue for the quarter was down 4.8% compared to the same quarter last year. On average, research analysts predict that Polaris will post 7.98 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its position in shares of Polaris by 71.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 250 shares of the company's stock worth $30,000 after acquiring an additional 104 shares in the last quarter. Creekmur Asset Management LLC acquired a new stake in shares of Polaris in the 4th quarter valued at about $27,000. Money Concepts Capital Corp boosted its position in shares of Polaris by 89.1% in the 4th quarter. Money Concepts Capital Corp now owns 312 shares of the company's stock valued at $32,000 after purchasing an additional 147 shares during the period. Quarry LP boosted its position in shares of Polaris by 150.8% in the 4th quarter. Quarry LP now owns 321 shares of the company's stock valued at $30,000 after purchasing an additional 193 shares during the period. Finally, BKM Wealth Management LLC acquired a new stake in shares of Polaris in the 4th quarter valued at about $31,000. 88.06% of the stock is owned by institutional investors and hedge funds.

Polaris Company Profile

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.