DA Davidson Issues Pessimistic Forecast for Polaris (NYSE:PII) Stock Price

Polaris (NYSE:PII - Get Free Report) had its price target lowered by stock analysts at DA Davidson from $69.00 to $60.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a "buy" rating on the stock. DA Davidson's price target points to a potential upside of 37.73% from the stock's current price. DA Davidson also issued estimates for Polaris' Q1 2025 earnings at ($0.90) EPS.

Other research analysts also recently issued research reports about the stock. Morgan Stanley restated an "equal weight" rating and set a $60.00 price target (down previously from $81.00) on shares of Polaris in a research report on Tuesday, January 21st. Robert W. Baird reduced their target price on shares of Polaris from $84.00 to $72.00 and set an "outperform" rating for the company in a research report on Monday, December 30th. Roth Mkm dropped their price objective on shares of Polaris from $76.00 to $57.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. StockNews.com lowered shares of Polaris from a "hold" rating to a "sell" rating in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada cut their target price on Polaris from $65.00 to $54.00 and set a "sector perform" rating for the company in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $66.17.

Polaris Price Performance

NYSE PII traded down $4.14 during trading hours on Thursday, reaching $43.56. The company's stock had a trading volume of 6,320,463 shares, compared to its average volume of 1,857,962. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 22.23, a P/E/G ratio of 14.51 and a beta of 1.50. The company's 50-day moving average is $59.03 and its two-hundred day moving average is $71.72. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39. Polaris has a 1-year low of $43.20 and a 1-year high of $100.91.

Polaris (NYSE:PII - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. On average, equities analysts predict that Polaris will post 1.11 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Venturi Wealth Management LLC lifted its position in shares of Polaris by 534.5% during the third quarter. Venturi Wealth Management LLC now owns 349 shares of the company's stock worth $29,000 after purchasing an additional 294 shares in the last quarter. Blue Trust Inc. raised its position in Polaris by 2,431.3% in the 3rd quarter. Blue Trust Inc. now owns 405 shares of the company's stock valued at $32,000 after purchasing an additional 389 shares in the last quarter. Quarry LP raised its holdings in Polaris by 187.4% in the third quarter. Quarry LP now owns 388 shares of the company's stock valued at $32,000 after acquiring an additional 253 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Polaris by 232.6% in the 4th quarter. GAMMA Investing LLC now owns 968 shares of the company's stock valued at $56,000 after purchasing an additional 677 shares in the last quarter. Finally, National Bank of Canada FI lifted its position in shares of Polaris by 19.9% during the 3rd quarter. National Bank of Canada FI now owns 1,101 shares of the company's stock worth $92,000 after purchasing an additional 183 shares during the last quarter. 88.06% of the stock is currently owned by institutional investors and hedge funds.

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.