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

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

Other analysts have also recently issued reports about the stock. Roth Mkm lowered their target price on shares of Polaris from $76.00 to $57.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. Robert W. Baird lowered their price target on Polaris from $40.00 to $33.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Royal Bank of Canada dropped their price objective on shares of Polaris from $54.00 to $34.00 and set a "sector perform" rating for the company in a report on Wednesday, April 30th. Citigroup downgraded shares of Polaris from a "neutral" rating to a "sell" rating and decreased their price target for the company from $49.00 to $33.00 in a research note on Thursday, March 20th. Finally, Bank of America decreased their target price on Polaris from $55.00 to $45.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $45.36.

Polaris Stock Down 2.0%

PII stock traded down $0.77 on Thursday, reaching $38.12. 519,087 shares of the company traded hands, compared to its average volume of 1,147,070. The company has a market cap of $2.14 billion, a P/E ratio of 19.45, a price-to-earnings-growth ratio of 13.95 and a beta of 1.05. The firm has a fifty day simple moving average of $37.90 and a 200-day simple moving average of $50.76. Polaris has a one year low of $30.92 and a one year high of $90.62. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39.

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

Hedge Funds Weigh In On Polaris

Hedge funds have recently bought and sold shares of the business. Capital World Investors raised its position in shares of Polaris by 6.7% during the 4th quarter. Capital World Investors now owns 6,156,285 shares of the company's stock valued at $354,725,000 after buying an additional 388,050 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Polaris by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 5,642,463 shares of the company's stock valued at $325,119,000 after acquiring an additional 39,858 shares during the period. Beutel Goodman & Co Ltd. grew its stake in shares of Polaris by 2.6% in the 4th quarter. Beutel Goodman & Co Ltd. now owns 2,775,331 shares of the company's stock valued at $159,914,000 after buying an additional 69,766 shares during the period. RWWM Inc. lifted its holdings in Polaris by 169.2% in the first quarter. RWWM Inc. now owns 2,395,049 shares of the company's stock valued at $98,053,000 after acquiring an additional 1,505,351 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Polaris by 0.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 2,284,077 shares of the company's stock valued at $131,609,000 after purchasing an additional 21,087 shares during the period. Hedge funds and other institutional investors 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.