Polaris (NYSE:PII) Upgraded at StockNews.com

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

Several other analysts have also recently weighed in on PII. BMO Capital Markets lowered their price target on Polaris from $90.00 to $75.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. Citigroup reduced their target price on shares of Polaris from $86.00 to $83.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Roth Mkm cut their price target on shares of Polaris from $92.00 to $79.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Longbow Research reiterated a “neutral” rating on shares of Polaris in a report on Wednesday, July 24th. Finally, Royal Bank of Canada dropped their target price on Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a report on Wednesday, October 23rd. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $87.09.

Polaris Stock Performance

Polaris stock traded down $2.43 during mid-day trading on Tuesday, reaching $66.20. The company’s stock had a trading volume of 954,059 shares, compared to its average volume of 732,797. The firm’s fifty day moving average price is $78.28 and its two-hundred day moving average price is $80.17. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.32 and a current ratio of 1.21. Polaris has a 12-month low of $66.06 and a 12-month high of $100.91. The company has a market capitalization of $3.69 billion, a P/E ratio of 18.49, a PEG ratio of 7.20 and a beta of 1.52.

Polaris (NYSE:PII) last issued its earnings results on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.15). The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.77 billion. Polaris had a return on equity of 17.92% and a net margin of 2.64%. The firm’s revenue for the quarter was down 23.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.71 EPS. Sell-side analysts predict that Polaris will post 3.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. JLB & Associates Inc. grew its stake in Polaris by 0.5% in the second quarter. JLB & Associates Inc. now owns 24,476 shares of the company’s stock worth $1,917,000 after purchasing an additional 120 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Polaris by 14.5% in 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 in the last quarter. Linden Thomas Advisory Services LLC lifted its position in Polaris by 2.4% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 7,477 shares of the company’s stock valued at $586,000 after acquiring an additional 172 shares during the period. Dorsey & Whitney Trust CO LLC boosted its stake in Polaris by 1.2% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 16,120 shares of the company’s stock worth $1,262,000 after acquiring an additional 187 shares in the last quarter. Finally, Isthmus Partners LLC grew its holdings in Polaris by 5.0% in the second quarter. Isthmus Partners LLC now owns 4,011 shares of the company’s stock worth $314,000 after purchasing an additional 190 shares during the period. Institutional investors own 88.06% of the company’s stock.

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.