Polaris (NYSE:PII) Upgraded to Strong-Buy at Zacks Research

Key Points

• Polaris has been upgraded to a strong-buy rating by Zacks Research, improving from a previous "hold" rating.
• Analysts provide mixed ratings for Polaris, with one strong buy, one buy, twelve hold, and one sell, along with an average price target of $53.42.
• Polaris posted a better-than-expected earnings report, with $0.40 EPS compared to the expected $0.05 EPS, despite a 5.5% year-over-year revenue decline.

Polaris (NYSE:PII - Get Free Report) was upgraded by equities researchers at Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other brokerages have also issued reports on PII. Weiss Ratings reiterated a "sell (d+)" rating on shares of Polaris in a research report on Wednesday, October 8th. Roth Capital upped their price target on shares of Polaris from $41.00 to $54.00 and gave the company a "neutral" rating in a report on Tuesday. UBS Group upped their price target on shares of Polaris from $45.00 to $58.00 and gave the company a "neutral" rating in a report on Monday, September 8th. BMO Capital Markets reissued a "market perform" rating and issued a $52.00 price target (up from $33.00) on shares of Polaris in a report on Wednesday, July 30th. Finally, Citigroup raised shares of Polaris from a "sell" rating to a "neutral" rating and upped their price target for the company from $35.00 to $60.00 in a report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Polaris has a consensus rating of "Hold" and an average price target of $53.42.

Polaris Stock Performance

Shares of PII opened at $66.30 on Wednesday. The firm has a 50-day moving average price of $58.64 and a 200 day moving average price of $47.12. The firm has a market capitalization of $3.73 billion, a PE ratio of -35.27 and a beta of 1.08. 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 has a 52-week low of $30.92 and a 52-week high of $83.31.

Polaris (NYSE:PII - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.35. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.73 billion. Polaris had a negative net margin of 1.57% and a positive return on equity of 5.16%. Polaris's revenue was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.38 EPS. Polaris has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Polaris will post 1.11 earnings per share for the current fiscal year.

Institutional Trading of Polaris

Hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its stake in Polaris by 162.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 10,423 shares of the company's stock valued at $427,000 after buying an additional 6,453 shares in the last quarter. Calton & Associates Inc. purchased a new stake in Polaris during the first quarter valued at about $272,000. Deutsche Bank AG lifted its stake in Polaris by 305.0% during the first quarter. Deutsche Bank AG now owns 26,982 shares of the company's stock valued at $1,105,000 after buying an additional 20,320 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Polaris by 25.9% in the first quarter. Cerity Partners LLC now owns 53,082 shares of the company's stock worth $2,173,000 after purchasing an additional 10,906 shares in the last quarter. Finally, Jump Financial LLC lifted its position in shares of Polaris by 243.8% in the first quarter. Jump Financial LLC now owns 298,736 shares of the company's stock worth $12,230,000 after purchasing an additional 211,832 shares in 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.

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