StockNews.com Upgrades Polaris (NYSE:PII) to Hold

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

Several other research analysts also recently weighed in on PII. KeyCorp cut their price target on Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. DA Davidson dropped their target price on Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Roth Mkm decreased their price target on Polaris from $92.00 to $79.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Royal Bank of Canada dropped their price objective on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets decreased their target price on shares of Polaris from $90.00 to $75.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 24th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $87.09.

Polaris Stock Performance

NYSE PII opened at $67.54 on Tuesday. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 6.92 and a beta of 1.52. Polaris has a fifty-two week low of $66.06 and a fifty-two week high of $100.91. The business has a fifty day moving average of $77.98 and a 200-day moving average of $80.08.

Polaris (NYSE:PII) last released its 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). The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Polaris had a net margin of 2.64% and a return on equity of 17.92%. Polaris’s revenue for the quarter was down 23.4% on a year-over-year basis. During the same quarter last year, the company posted $2.71 earnings per share. As a group, analysts predict that Polaris will post 3.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Polaris

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC boosted its position in Polaris by 14.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,331 shares of the company’s stock worth $133,000 after acquiring an additional 169 shares during the period. Private Advisor Group LLC lifted its holdings in Polaris by 53.0% in the first quarter. Private Advisor Group LLC now owns 4,166 shares of the company’s stock worth $417,000 after purchasing an additional 1,444 shares during the period. BNP Paribas Financial Markets grew its position in Polaris by 28.5% in the 1st quarter. BNP Paribas Financial Markets now owns 21,142 shares of the company’s stock valued at $2,117,000 after buying an additional 4,688 shares in the last quarter. Empowered Funds LLC increased its stake in Polaris by 47.7% during the 1st quarter. Empowered Funds LLC now owns 12,804 shares of the company’s stock valued at $1,282,000 after buying an additional 4,133 shares during the period. Finally, Qsemble Capital Management LP acquired a new position in Polaris during the 1st quarter valued at about $315,000. 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.