Truist Financial Cuts Polaris (NYSE:PII) Price Target to $82.00

Polaris (NYSE:PIIFree Report) had its target price trimmed by Truist Financial from $92.00 to $82.00 in a research report report published on Monday morning, Benzinga reports. The firm currently has a hold rating on the stock.

A number of other equities research analysts have also weighed in on PII. Robert W. Baird lowered their price objective on Polaris from $100.00 to $95.00 and set an outperform rating for the company in a research note on Wednesday, July 3rd. Longbow Research raised Polaris from a neutral rating to a buy rating and set a $120.00 target price on the stock in a research note on Monday, April 8th. StockNews.com downgraded Polaris from a buy rating to a hold rating in a research note on Thursday, May 2nd. Citigroup dropped their price objective on Polaris from $100.00 to $96.00 and set a neutral rating on the stock in a research note on Wednesday, April 24th. Finally, DA Davidson decreased their target price on Polaris from $80.00 to $75.00 and set a neutral rating on the stock in a report on Tuesday, July 2nd. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Polaris has a consensus rating of Hold and a consensus target price of $98.45.

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Polaris Stock Performance

Shares of NYSE:PII opened at $74.25 on Monday. The firm has a market capitalization of $4.20 billion, a PE ratio of 10.89, a P/E/G ratio of 2.69 and a beta of 1.53. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.47 and a quick ratio of 0.42. The business has a 50-day moving average of $80.35 and a two-hundred day moving average of $87.77. Polaris has a 12 month low of $73.26 and a 12 month high of $138.49.

Polaris (NYSE:PIIGet Free Report) last announced its earnings results on Tuesday, April 23rd. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.06 by $0.17. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.75 billion. Polaris had a return on equity of 31.39% and a net margin of 4.63%. The company’s revenue was down 20.3% on a year-over-year basis. During the same period last year, the business posted $2.05 EPS. As a group, research analysts forecast that Polaris will post 7.69 earnings per share for the current year.

Polaris Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a $0.66 dividend. The ex-dividend date was Monday, June 3rd. This represents a $2.64 dividend on an annualized basis and a yield of 3.56%. Polaris’s dividend payout ratio (DPR) is currently 38.71%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PII. New England Capital Financial Advisors LLC acquired a new stake in shares of Polaris in the first quarter worth about $25,000. Creekmur Asset Management LLC bought a new stake in shares of Polaris in the 4th quarter valued at approximately $27,000. BKM Wealth Management LLC bought a new stake in shares of Polaris in the 4th quarter valued at approximately $31,000. Verity & Verity LLC bought a new stake in shares of Polaris in the 1st quarter valued at approximately $37,000. Finally, Bessemer Group Inc. grew its stake in shares of Polaris by 174.1% in the 1st quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock valued at $37,000 after purchasing an additional 235 shares during the period. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Polaris Company Profile

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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.

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Analyst Recommendations for Polaris (NYSE:PII)

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