Polaris (NYSE:PII - Get Free Report) had its price target cut by equities researchers at Robert W. Baird from $40.00 to $33.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the stock. Robert W. Baird's price objective points to a potential upside of 0.89% from the company's current price.
A number of other analysts have also recently weighed in on the company. UBS Group reduced their price target on Polaris from $67.00 to $48.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. DA Davidson reduced their target price on Polaris from $69.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Morgan Stanley reiterated an "equal weight" rating and set a $60.00 price target (down previously from $81.00) on shares of Polaris in a report on Tuesday, January 21st. Roth Capital restated a "neutral" rating on shares of Polaris in a research note on Tuesday, April 22nd. Finally, Bank of America lowered their target price on shares of Polaris from $55.00 to $45.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $50.00.
View Our Latest Stock Analysis on PII
Polaris Stock Down 3.3 %
NYSE:PII traded down $1.12 on Wednesday, hitting $32.71. 552,352 shares of the company's stock traded hands, compared to its average volume of 1,099,350. The firm has a 50-day moving average price of $39.60 and a 200-day moving average price of $53.60. 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 $1.84 billion, a PE ratio of 16.76, a price-to-earnings-growth ratio of 13.95 and a beta of 1.32. Polaris has a 1 year low of $30.92 and a 1 year high of $90.62.
Polaris (NYSE:PII - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported ($0.90) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.91) by $0.01. Polaris had a net margin of 1.54% and a return on equity of 13.78%. The firm 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 earnings per share. The company's revenue was down 11.6% compared to the same quarter last year. Equities analysts anticipate that Polaris will post 1.11 EPS for the current fiscal year.
Institutional Trading of Polaris
A number of hedge funds have recently modified their holdings of the company. Capital World Investors lifted its position in Polaris by 6.7% in the fourth quarter. Capital World Investors now owns 6,156,285 shares of the company's stock worth $354,725,000 after purchasing an additional 388,050 shares during the period. Vanguard Group Inc. lifted its holdings 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 worth $325,119,000 after acquiring an additional 39,858 shares during the period. Beutel Goodman & Co Ltd. boosted its position in shares of Polaris by 2.6% during the 4th quarter. Beutel Goodman & Co Ltd. now owns 2,775,331 shares of the company's stock valued at $159,914,000 after acquiring an additional 69,766 shares in the last quarter. RWWM Inc. increased its stake 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 period. 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 worth $131,609,000 after purchasing an additional 21,087 shares in the last quarter. Institutional investors own 88.06% of the company's stock.
About Polaris
(
Get Free Report)
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.
Further Reading
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