Polaris (NYSE:PII) Downgraded to Sell Rating by StockNews.com

Polaris (NYSE:PII) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

A number of other research analysts also recently weighed in on PII. Robert W. Baird lowered their price target on Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a report on Monday, December 30th. DA Davidson lowered their target price on Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Royal Bank of Canada decreased 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. KeyCorp lowered shares of Polaris from an “overweight” rating to a “sector weight” rating in a research note on Wednesday. Finally, Truist Financial decreased their target price on shares of Polaris from $76.00 to $60.00 and set a “hold” rating for the company in a research note on Tuesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Polaris currently has an average rating of “Hold” and an average price target of $84.00.

Polaris Trading Down 4.4 %

Shares of Polaris stock traded down $2.57 on Wednesday, reaching $55.54. 1,224,459 shares of the company were exchanged, compared to its average volume of 824,692. The company has a current ratio of 1.21, a quick ratio of 0.32 and a debt-to-equity ratio of 1.28. Polaris has a fifty-two week low of $55.19 and a fifty-two week high of $100.91. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 15.51, a price-to-earnings-growth ratio of 6.59 and a beta of 1.53. The stock has a fifty day moving average price of $63.96 and a 200-day moving average price of $74.64.

Polaris (NYSE:PII) last released its earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period last year, the business earned $2.71 earnings per share. The business’s revenue was down 23.4% on a year-over-year basis. On average, analysts expect that Polaris will post 3.22 EPS for the current year.

Institutional Investors Weigh In On Polaris

Institutional investors have recently modified their holdings of the business. Commonwealth Equity Services LLC boosted its stake in Polaris by 23.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 27,957 shares of the company’s stock worth $2,189,000 after acquiring an additional 5,320 shares during the last quarter. National Bank of Canada FI increased its position in shares of Polaris by 27.9% in the 2nd quarter. National Bank of Canada FI now owns 918 shares of the company’s stock valued at $69,000 after buying an additional 200 shares in the last quarter. Victory Capital Management Inc. grew its stake in Polaris by 44.2% in the second quarter. Victory Capital Management Inc. now owns 16,387 shares of the company’s stock valued at $1,283,000 after acquiring an additional 5,021 shares during the period. Arizona State Retirement System increased its holdings in shares of Polaris by 1.9% in the second quarter. Arizona State Retirement System now owns 15,021 shares of the company’s stock worth $1,176,000 after acquiring an additional 277 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Polaris in the second quarter worth about $90,000. 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.