Robert W. Baird Trims Polaris (NYSE:PII) Target Price to $84.00

Polaris (NYSE:PII) had its price objective decreased by Robert W. Baird from $85.00 to $84.00 in a report published on Wednesday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

A number of other equities analysts have also weighed in on PII. KeyCorp lowered their target price on Polaris from $105.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Royal Bank of Canada lowered their price objective on Polaris from $97.00 to $82.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 24th. BMO Capital Markets reduced their target price on shares of Polaris from $90.00 to $75.00 and set a “market perform” rating for the company in a research report on Wednesday, July 24th. Truist Financial decreased their price target on shares of Polaris from $92.00 to $82.00 and set a “hold” rating on the stock in a research note on Monday, July 8th. Finally, StockNews.com upgraded shares of Polaris from a “sell” rating to a “hold” rating in a research note on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Polaris presently has an average rating of “Hold” and an average target price of $87.36.

Polaris Price Performance

NYSE:PII opened at $69.68 on Wednesday. The company has a market cap of $3.94 billion, a P/E ratio of 10.22, a P/E/G ratio of 7.59 and a beta of 1.51. The firm’s fifty day moving average price is $82.04 and its two-hundred day moving average price is $82.04. Polaris has a one year low of $69.36 and a one year high of $100.91. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.42 and a quick ratio of 0.40.

Polaris (NYSE:PII) last announced its earnings results on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.15). The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.77 billion. Polaris had a return on equity of 26.38% and a net margin of 3.98%. The business’s quarterly revenue was down 23.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.71 EPS. Equities analysts expect that Polaris will post 3.66 earnings per share for the current year.

Institutional Trading of Polaris

Several large investors have recently made changes to their positions in the company. New England Capital Financial Advisors LLC bought a new stake in Polaris during the first quarter worth $25,000. Bessemer Group Inc. raised its holdings in shares of Polaris by 174.1% during the 1st quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock worth $37,000 after buying an additional 235 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Polaris by 2,431.3% during the 3rd quarter. Blue Trust Inc. now owns 405 shares of the company’s stock worth $32,000 after buying an additional 389 shares during the last quarter. Signaturefd LLC boosted its stake in Polaris by 1,931.3% in the second quarter. Signaturefd LLC now owns 650 shares of the company’s stock valued at $51,000 after buying an additional 618 shares in the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new stake in Polaris in the second quarter valued at about $57,000. Institutional investors and hedge funds own 88.06% of the company’s stock.

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.