Citigroup Lowers Polaris (NYSE:PII) Price Target to $53.00

Polaris (NYSE:PII) had its price objective decreased by Citigroup from $57.00 to $53.00 in a report published on Wednesday morning,Benzinga reports. Citigroup currently has a neutral rating on the stock.

Several other analysts have also issued reports on the company. Roth Mkm reduced their target price on Polaris from $76.00 to $57.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. KeyCorp downgraded shares of Polaris from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, January 8th. StockNews.com cut shares of Polaris from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Royal Bank of Canada cut their price target on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a report on Wednesday, October 23rd. Finally, DA Davidson cut their price objective on Polaris from $84.00 to $69.00 and set a “buy” rating on the stock in a report on Friday, January 17th. One investment 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, the stock has a consensus rating of “Hold” and a consensus price target of $68.64.

Polaris Price Performance

Shares of PII opened at $48.79 on Wednesday. The company’s 50-day moving average is $59.80 and its 200-day moving average is $72.30. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32. The firm has a market capitalization of $2.72 billion, a PE ratio of 13.63, a PEG 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.

Polaris (NYSE:PII) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, topping 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 analysts forecast that Polaris will post 3.22 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Sei Investments Co. increased its stake in shares of Polaris by 31.0% in the 2nd quarter. Sei Investments Co. now owns 3,601 shares of the company’s stock valued at $282,000 after acquiring an additional 853 shares in the last quarter. Algert Global LLC acquired a new stake in Polaris in the second quarter worth $423,000. Creative Planning increased its stake in Polaris by 8.0% in the second quarter. Creative Planning now owns 61,613 shares of the company’s stock valued at $4,825,000 after purchasing an additional 4,561 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised 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 purchasing an additional 1,822 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in shares of Polaris during the 2nd quarter worth about $579,000. 88.06% of the stock is owned by institutional investors.

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.