Polaris (NYSE:PII) Stock Rating Lowered by StockNews.com

Polaris (NYSE:PII - Get Free Report) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating in a report released on Thursday.

Several other research firms have also recently commented on PII. KeyCorp cut shares of Polaris from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, January 8th. Morgan Stanley dropped their target price on Polaris from $31.00 to $29.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. Bank of America reduced their price target on Polaris from $55.00 to $45.00 and set a "neutral" rating for the company in a report on Monday, March 17th. BMO Capital Markets cut their price objective on Polaris from $60.00 to $50.00 and set a "market perform" rating for the company in a research report on Wednesday, January 29th. Finally, Roth Mkm decreased their target price on shares of Polaris from $76.00 to $57.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. Two investment 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. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $45.36.

Polaris Price Performance

Shares of PII opened at $33.71 on Thursday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15. Polaris has a fifty-two week low of $30.92 and a fifty-two week high of $90.62. The firm has a 50-day simple moving average of $38.19 and a 200-day simple moving average of $51.81. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 13.95 and a beta of 1.05.

Polaris (NYSE:PII - Get Free Report) last announced its earnings results 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 company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period last year, the business posted $0.23 EPS. The company's revenue was down 11.6% on a year-over-year basis. On average, equities research analysts anticipate that Polaris will post 1.11 earnings per share for the current year.

Hedge Funds Weigh In On Polaris

A number of institutional investors have recently made changes to their positions in PII. Twin Tree Management LP purchased a new stake in Polaris during the 4th quarter worth about $29,000. Larson Financial Group LLC grew its holdings in shares of Polaris by 386.5% during the fourth quarter. Larson Financial Group LLC now owns 506 shares of the company's stock worth $29,000 after buying an additional 402 shares in the last quarter. Lindbrook Capital LLC raised its position in shares of Polaris by 295.4% in the fourth quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock valued at $30,000 after buying an additional 387 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Polaris by 114.1% during the first quarter. UMB Bank n.a. now owns 805 shares of the company's stock valued at $33,000 after buying an additional 429 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new stake in Polaris during the first quarter worth approximately $35,000. 88.06% of the stock is owned by institutional investors and hedge funds.

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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