Polaris (NYSE:PII) PT Lowered to $80.00

Polaris (NYSE:PII) had its price objective cut by analysts at KeyCorp from $90.00 to $80.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price target would indicate a potential upside of 13.03% from the company’s current price.

Several other brokerages have also weighed in on PII. StockNews.com upgraded Polaris from a “sell” rating to a “hold” rating in a research note on Tuesday, September 17th. Longbow Research restated a “neutral” rating on shares of Polaris in a research report on Wednesday, July 24th. DA Davidson upgraded Polaris from a “neutral” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Thursday, July 25th. Robert W. Baird cut their price target on shares of Polaris from $85.00 to $84.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Roth Mkm decreased their price objective on shares of Polaris from $92.00 to $79.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $87.09.

Polaris Stock Up 1.6 %

Shares of PII stock opened at $70.78 on Wednesday. Polaris has a twelve month low of $68.59 and a twelve month high of $100.91. The stock has a market cap of $3.95 billion, a P/E ratio of 19.77, a P/E/G ratio of 7.48 and a beta of 1.51. The stock has a 50 day moving average of $81.81 and a 200 day moving average of $81.96. The company has a current ratio of 1.21, a quick ratio of 0.40 and a debt-to-equity ratio of 1.28.

Polaris (NYSE:PII) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). Polaris had a return on equity of 17.92% and a net margin of 2.64%. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period last year, the company posted $2.71 earnings per share. The business’s quarterly revenue was down 23.4% on a year-over-year basis. As a group, sell-side analysts expect that Polaris will post 3.25 EPS for the current year.

Institutional Trading of Polaris

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Polaris by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 5,902,162 shares of the company’s stock worth $590,924,000 after buying an additional 94,680 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Polaris by 10.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock worth $76,994,000 after purchasing an additional 96,194 shares during the period. American Century Companies Inc. increased its holdings in Polaris by 311.6% in the 2nd quarter. American Century Companies Inc. now owns 387,012 shares of the company’s stock valued at $30,307,000 after purchasing an additional 292,992 shares during the last quarter. ProShare Advisors LLC raised its position in Polaris by 11.1% in the second quarter. ProShare Advisors LLC now owns 359,039 shares of the company’s stock valued at $28,116,000 after purchasing an additional 35,952 shares during the period. Finally, LSV Asset Management lifted its stake in Polaris by 29.9% during the first quarter. LSV Asset Management now owns 340,050 shares of the company’s stock worth $34,046,000 after purchasing an additional 78,178 shares in the last quarter. Hedge funds and other institutional investors 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.