Polaris (NYSE:PII) Upgraded by Wall Street Zen to Hold Rating

Key Points

• Polaris was upgraded from a "strong sell" to a "hold" rating by Wall Street Zen, while other analysts maintain mixed ratings with a consensus target price of $48.33.
• Shares of Polaris are currently down 6.3%, with a market capitalization of $2.79 billion and a notable price-to-earnings ratio of -26.37.
• Polaris reported quarterly earnings of $0.40 EPS, exceeding analyst expectations, although revenue was down 5.5% year-over-year at $1.85 billion.

Polaris (NYSE:PII - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "strong sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Other research analysts also recently issued research reports about the company. BMO Capital Markets restated a "market perform" rating and issued a $52.00 price objective (up previously from $33.00) on shares of Polaris in a research note on Wednesday. Royal Bank Of Canada upped their price objective on Polaris from $34.00 to $56.00 and gave the company a "sector perform" rating in a research note on Wednesday. Roth Capital upped their price objective on Polaris from $32.00 to $41.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Morgan Stanley reduced their price objective on Polaris from $31.00 to $29.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. Finally, Baird R W cut Polaris from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. One equities research analyst has 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $48.33.

Polaris Trading Down 6.3%

PII traded down $3.34 during trading on Friday, hitting $49.57. The company's stock had a trading volume of 2,201,354 shares, compared to its average volume of 1,752,665. The firm has a market capitalization of $2.79 billion, a P/E ratio of -26.37 and a beta of 1.04. Polaris has a twelve month low of $30.92 and a twelve month high of $87.83. The stock's fifty day moving average price is $44.54 and its 200-day moving average price is $42.55. The company has a quick ratio of 0.37, a current ratio of 1.04 and a debt-to-equity ratio of 1.17.

Polaris (NYSE:PII - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.35. Polaris had a positive return on equity of 5.16% and a negative net margin of 1.57%. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the prior year, the company posted $1.38 earnings per share. Polaris's revenue was down 5.5% compared to the same quarter last year. Analysts anticipate that Polaris will post 1.11 EPS for the current year.

Institutional Investors Weigh In On Polaris

Several large investors have recently bought and sold shares of PII. UMB Bank n.a. increased its stake in Polaris by 114.1% during the 1st quarter. UMB Bank n.a. now owns 805 shares of the company's stock worth $33,000 after buying an additional 429 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Polaris in the first quarter valued at approximately $35,000. Fifth Third Bancorp increased its holdings in shares of 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 purchasing an additional 318 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Polaris by 191.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,214 shares of the company's stock valued at $50,000 after purchasing an additional 797 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Polaris by 7,462.5% in the first quarter. Allworth Financial LP now owns 1,210 shares of the company's stock valued at $50,000 after purchasing an additional 1,194 shares during the last quarter. 88.06% of the stock is currently 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.