Polaris (NYSE:PII) Given New $48.00 Price Target at UBS Group

Polaris (NYSE:PII) had its price objective dropped by stock analysts at UBS Group from $67.00 to $48.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price target suggests a potential upside of 9.81% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. KeyCorp cut shares of Polaris from an “overweight” rating to a “sector weight” rating in a report on Wednesday, January 8th. Robert W. Baird reduced their target price on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a report on Monday, December 30th. Truist Financial lowered their price target on Polaris from $60.00 to $55.00 and set a “hold” rating on the stock in a report on Wednesday, January 29th. Morgan Stanley reaffirmed an “equal weight” rating and set a $60.00 price objective (down from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. Finally, BMO Capital Markets lowered their target price on Polaris from $60.00 to $50.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Polaris presently has an average rating of “Hold” and a consensus target price of $66.17.

Polaris Stock Down 8.4 %

Shares of NYSE:PII traded down $3.99 on Monday, hitting $43.71. 3,252,499 shares of the company’s stock were exchanged, compared to its average volume of 1,755,866. Polaris has a 1-year low of $43.39 and a 1-year high of $100.91. The company has a market capitalization of $2.44 billion, a PE ratio of 22.25, a P/E/G ratio of 14.51 and a beta of 1.50. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15. The firm’s 50-day moving average is $59.03 and its 200 day moving average is $71.72.

Polaris (NYSE:PII) last announced its earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. Sell-side analysts predict that Polaris will post 1.11 EPS for the current year.

Institutional Trading of Polaris

Large investors have recently made changes to their positions in the stock. Venturi Wealth Management LLC lifted its stake in shares of Polaris by 534.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock worth $29,000 after purchasing an additional 294 shares during the period. Quarry LP lifted its position in Polaris by 187.4% during the third quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after buying an additional 253 shares during the period. Blue Trust Inc. boosted its stake in Polaris by 2,431.3% in 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. GAMMA Investing LLC grew its holdings in Polaris by 232.6% in the 4th quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock valued at $56,000 after buying an additional 677 shares during the period. Finally, National Bank of Canada FI grew its holdings in Polaris by 19.9% in the 3rd quarter. National Bank of Canada FI now owns 1,101 shares of the company’s stock valued at $92,000 after buying an additional 183 shares during the period. Institutional investors and hedge funds own 88.06% of the company’s stock.

About Polaris

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.