Polaris (NYSE:PII) Upgraded by DA Davidson to “Buy”

DA Davidson upgraded shares of Polaris (NYSE:PII) from a neutral rating to a buy rating in a research note released on Thursday, MarketBeat.com reports. DA Davidson currently has $87.00 price objective on the stock.

Several other equities research analysts have also recently weighed in on the company. BMO Capital Markets reduced their price objective on Polaris from $90.00 to $75.00 and set a market perform rating on the stock in a research note on Wednesday. Robert W. Baird decreased their price target on Polaris from $95.00 to $85.00 and set an outperform rating on the stock in a report on Wednesday. KeyCorp lowered their price target on Polaris from $105.00 to $90.00 and set an overweight rating for the company in a research report on Wednesday. Roth Mkm cut their price objective on shares of Polaris from $92.00 to $79.00 and set a neutral rating on the stock in a research report on Wednesday. Finally, Royal Bank of Canada lowered their target price on shares of Polaris from $97.00 to $82.00 and set a sector perform rating for the company in a report on Wednesday. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Hold and a consensus target price of $89.18.

Polaris Stock Up 8.4 %

NYSE PII opened at $79.00 on Thursday. The stock has a 50 day moving average price of $79.36 and a 200-day moving average price of $86.86. Polaris has a one year low of $71.90 and a one year high of $138.49. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.42 and a current ratio of 1.42. The company has a market capitalization of $4.40 billion, a P/E ratio of 11.58, a P/E/G ratio of 6.82 and a beta of 1.53.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $1.38 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 business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter last year, the business earned $2.42 EPS. Polaris’s revenue for the quarter was down 11.5% compared to the same quarter last year. As a group, equities analysts predict that Polaris will post 3.6 EPS for the current fiscal year.

Institutional Trading of Polaris

A number of large investors have recently modified their holdings of the company. Chase Investment Counsel Corp purchased a new stake in shares of Polaris in the 4th quarter worth $852,000. Semanteon Capital Management LP purchased a new stake in Polaris in the fourth quarter worth about $1,270,000. TD Asset Management Inc increased its position in Polaris by 8.3% during the 4th quarter. TD Asset Management Inc now owns 140,779 shares of the company’s stock valued at $13,342,000 after purchasing an additional 10,770 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Polaris by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 358,306 shares of the company’s stock valued at $33,957,000 after purchasing an additional 10,745 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its position in shares of Polaris by 22.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 59,799 shares of the company’s stock worth $6,616,000 after purchasing an additional 11,009 shares during the period. Hedge funds and other institutional investors 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.