Polaris (NYSE:PII) Upgraded to “Hold” by StockNews.com

Polaris (NYSE:PII) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

PII has been the topic of several other research reports. Robert W. Baird lowered their price objective on shares of Polaris from $95.00 to $85.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Citigroup lowered their price objective on shares of Polaris from $86.00 to $83.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. DA Davidson upgraded shares of Polaris from a “neutral” rating to a “buy” rating and set a $87.00 price objective on the stock in a research note on Thursday, July 25th. Bank of America lowered their price objective on shares of Polaris from $86.00 to $85.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Finally, KeyCorp lowered their price objective on shares of Polaris from $105.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Polaris has an average rating of “Hold” and a consensus price target of $89.18.

Polaris Stock Performance

PII traded up $1.10 during midday trading on Tuesday, hitting $84.62. 548,548 shares of the company traded hands, compared to its average volume of 743,038. The company has a quick ratio of 0.40, a current ratio of 1.42 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $4.78 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 6.92 and a beta of 1.51. The company’s 50-day moving average is $81.32 and its 200 day moving average is $84.37. Polaris has a 52 week low of $71.90 and a 52 week high of $108.02.

Polaris (NYSE:PII) last posted its earnings results on Tuesday, July 23rd. The company reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.27 by ($0.89). Polaris had a net margin of 3.98% and a return on equity of 26.38%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the company posted $2.42 EPS. Polaris’s revenue was down 11.5% on a year-over-year basis. On average, research analysts expect that Polaris will post 3.79 EPS for the current year.

Institutional Investors Weigh In On Polaris

A number of institutional investors have recently added to or reduced their stakes in the stock. New England Capital Financial Advisors LLC purchased a new position in shares of Polaris in the first quarter valued at $25,000. Creekmur Asset Management LLC purchased a new position in shares of Polaris in the fourth quarter valued at $27,000. Bessemer Group Inc. grew its holdings in shares of Polaris by 174.1% in the first quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock valued at $37,000 after purchasing an additional 235 shares in the last quarter. Security National Bank purchased a new position in shares of Polaris in the fourth quarter valued at $47,000. Finally, Signaturefd LLC grew its holdings in shares of Polaris by 1,931.3% in the second quarter. Signaturefd LLC now owns 650 shares of the company’s stock valued at $51,000 after purchasing an additional 618 shares in the last quarter. 88.06% of the stock is owned by hedge funds and other institutional investors.

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.