Polaris (NYSE:PII) Price Target Lowered to $54.00 at Royal Bank of Canada

Polaris (NYSE:PII) had its target price lowered by Royal Bank of Canada from $65.00 to $54.00 in a report released on Wednesday morning,Benzinga reports. The brokerage currently has a sector perform rating on the stock.

A number of other research firms have also weighed in on PII. BMO Capital Markets dropped their price objective on Polaris from $60.00 to $50.00 and set a “market perform” rating for the company in a research note on Wednesday. Robert W. Baird dropped their price target on Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a research note on Monday, December 30th. StockNews.com lowered Polaris from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $60.00 price target (down previously from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. Finally, KeyCorp lowered Polaris from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $68.64.

Polaris Stock Performance

NYSE:PII opened at $48.79 on Wednesday. The firm has a market cap of $2.72 billion, a PE ratio of 13.63, a price-to-earnings-growth ratio of 6.05 and a beta of 1.53. Polaris has a fifty-two week low of $48.44 and a fifty-two week high of $100.91. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.32 and a current ratio of 1.21. The business has a 50 day moving average price of $59.80 and a 200-day moving average price of $72.30.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Polaris had a return on equity of 17.92% and a net margin of 2.64%. Equities research analysts predict that Polaris will post 3.22 earnings per share for the current year.

Hedge Funds Weigh In On Polaris

A number of institutional investors have recently added to or reduced their stakes in PII. Sei Investments Co. raised its holdings in Polaris by 31.0% in the second quarter. Sei Investments Co. now owns 3,601 shares of the company’s stock worth $282,000 after purchasing an additional 853 shares in the last quarter. Algert Global LLC bought a new position in shares of Polaris during the second quarter valued at $423,000. Creative Planning increased its holdings in shares of Polaris by 8.0% during the second quarter. Creative Planning now owns 61,613 shares of the company’s stock valued at $4,825,000 after acquiring an additional 4,561 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Polaris by 34.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,164 shares of the company’s stock valued at $561,000 after acquiring an additional 1,822 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of Polaris during the second quarter valued at $579,000. Institutional investors 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.