Polaris (NYSE:PII) Raised to "Buy" at StockNews.com

Polaris (NYSE:PII - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued on Wednesday.

PII has been the subject of several other research reports. Bank of America assumed coverage on Polaris in a report on Wednesday, April 3rd. They issued a "neutral" rating and a $110.00 price target for the company. BMO Capital Markets reduced their price target on Polaris from $100.00 to $95.00 and set a "market perform" rating for the company in a research report on Wednesday, January 31st. DA Davidson restated a "neutral" rating and issued a $80.00 price objective on shares of Polaris in a research report on Tuesday, March 5th. Longbow Research upgraded Polaris from a "neutral" rating to a "buy" rating and set a $120.00 price objective for the company in a research report on Monday, April 8th. Finally, Citigroup cut their price objective on Polaris from $100.00 to $96.00 and set a "neutral" rating for the company in a research report on Wednesday. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $100.27.

Polaris Stock Down 1.5 %

Shares of Polaris stock traded down $1.29 during trading on Wednesday, hitting $85.21. 1,176,846 shares of the stock traded hands, compared to its average volume of 693,952. The firm has a market cap of $4.81 billion, a P/E ratio of 9.79, a price-to-earnings-growth ratio of 2.39 and a beta of 1.60. The company has a current ratio of 1.39, a quick ratio of 0.46 and a debt-to-equity ratio of 1.31. Polaris has a 52-week low of $82.00 and a 52-week high of $138.49. The stock's fifty day simple moving average is $92.86 and its 200 day simple moving average is $91.61.

Polaris (NYSE:PII - Get Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.17. Polaris had a return on equity of 40.98% and a net margin of 5.63%. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter last year, the company earned $2.05 earnings per share. The firm's revenue for the quarter was down 20.3% compared to the same quarter last year. On average, equities analysts predict that Polaris will post 7.97 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Polaris

Large investors have recently modified their holdings of the business. Creekmur Asset Management LLC acquired a new position in shares of Polaris in the 4th quarter valued at $27,000. BKM Wealth Management LLC acquired a new position in shares of Polaris in the 4th quarter valued at $31,000. Larson Financial Group LLC lifted its stake in shares of Polaris by 536.5% in the 3rd quarter. Larson Financial Group LLC now owns 401 shares of the company's stock valued at $42,000 after purchasing an additional 338 shares during the last quarter. First United Bank & Trust acquired a new position in shares of Polaris in the 4th quarter valued at $40,000. Finally, Orion Capital Management LLC acquired a new position in shares of Polaris in the 3rd quarter valued at $46,000. Institutional investors and hedge funds own 88.06% of the company's stock.

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.

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