Polaris (NYSE:PII) Lowered to Sector Weight Rating by KeyCorp

Polaris (NYSE:PII) was downgraded by KeyCorp from an “overweight” rating to a “sector weight” rating in a research report issued to clients and investors on Wednesday,Briefing.com Automated Import reports.

A number of other research analysts have also recently commented on PII. Robert W. Baird dropped their price target on Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a research note on Monday, December 30th. Royal Bank of Canada decreased their price target on Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a report on Wednesday, October 23rd. Truist Financial reduced their target price on Polaris from $76.00 to $60.00 and set a “hold” rating for the company in a research note on Tuesday. StockNews.com upgraded Polaris from a “sell” rating to a “hold” rating in a research note on Monday, December 30th. Finally, DA Davidson dropped their price target on shares of Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Polaris presently has an average rating of “Hold” and a consensus price target of $84.00.

Polaris Stock Down 0.5 %

NYSE PII opened at $58.07 on Wednesday. The business has a fifty day moving average price of $64.29 and a two-hundred day moving average price of $74.78. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32. Polaris has a fifty-two week low of $55.55 and a fifty-two week high of $100.91. The stock has a market capitalization of $3.24 billion, a PE ratio of 16.22, a PEG ratio of 6.59 and a beta of 1.53.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PII. Kiltearn Partners LLP lifted its holdings in shares of Polaris by 147.9% during the 3rd quarter. Kiltearn Partners LLP now owns 154,700 shares of the company’s stock worth $12,877,000 after acquiring an additional 92,300 shares during the last quarter. FMR LLC lifted its holdings in shares of Polaris by 22.0% during the 3rd quarter. FMR LLC now owns 133,665 shares of the company’s stock worth $11,126,000 after acquiring an additional 24,103 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Polaris by 545.1% during the 3rd quarter. Quantinno Capital Management LP now owns 26,803 shares of the company’s stock worth $2,231,000 after acquiring an additional 22,648 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Polaris by 167.1% during the 3rd quarter. Victory Capital Management Inc. now owns 43,762 shares of the company’s stock worth $3,643,000 after acquiring an additional 27,375 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its holdings in shares of Polaris by 8,867.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 63,938 shares of the company’s stock worth $5,322,000 after acquiring an additional 63,225 shares during the last quarter. 88.06% of the stock is currently owned by hedge funds and other 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.