Polaris (NYSE:PII) Given New $27.00 Price Target at Citigroup

Polaris (NYSE:PII - Get Free Report) had its target price increased by analysts at Citigroup from $23.00 to $27.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a "sell" rating on the stock. Citigroup's price objective suggests a potential downside of 34.20% from the stock's previous close.

A number of other analysts have also commented on the company. Baird R W lowered shares of Polaris from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Truist Financial dropped their price objective on shares of Polaris from $55.00 to $30.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Bank of America cut their price target on Polaris from $55.00 to $45.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Wall Street Zen cut shares of Polaris from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Finally, Roth Capital reiterated a "neutral" rating on shares of Polaris in a research note on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, Polaris has an average rating of "Hold" and a consensus price target of $45.27.

Polaris Price Performance

Shares of NYSE PII traded up $0.42 during midday trading on Monday, hitting $41.04. 100,618 shares of the company's stock were exchanged, compared to its average volume of 1,209,087. The business's fifty day moving average price is $36.99 and its two-hundred day moving average price is $45.88. Polaris has a 12-month low of $30.92 and a 12-month high of $88.00. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 13.95 and a beta of 1.04.

Polaris (NYSE:PII - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported ($0.90) earnings per share for the quarter, beating the consensus estimate of ($0.91) by $0.01. Polaris had a return on equity of 13.78% and a net margin of 1.54%. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the company posted $0.23 earnings per share. The business's revenue was down 11.6% on a year-over-year basis. As a group, research analysts forecast that Polaris will post 1.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PII. TD Waterhouse Canada Inc. raised its position in Polaris by 1.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 22,484 shares of the company's stock valued at $1,295,000 after purchasing an additional 241 shares during the period. Xponance Inc. raised its holdings in Polaris by 5.1% in the 4th quarter. Xponance Inc. now owns 5,956 shares of the company's stock valued at $343,000 after buying an additional 288 shares during the period. Fifth Third Bancorp lifted its position in Polaris by 46.9% in the first quarter. Fifth Third Bancorp now owns 996 shares of the company's stock valued at $41,000 after buying an additional 318 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in Polaris by 1.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 24,904 shares of the company's stock worth $1,435,000 after buying an additional 341 shares during the period. Finally, Linden Thomas Advisory Services LLC increased its position in shares of Polaris by 5.0% during the first quarter. Linden Thomas Advisory Services LLC now owns 7,984 shares of the company's stock valued at $327,000 after acquiring an additional 379 shares during the last quarter. 88.06% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.