Polaris (NYSE:PII) Lowered to Sell Rating by Citigroup

Polaris (NYSE:PII - Get Free Report) was downgraded by investment analysts at Citigroup from a "neutral" rating to a "sell" rating in a research report issued to clients and investors on Thursday, MarketBeat reports. They presently have a $33.00 target price on the stock, down from their prior target price of $49.00. Citigroup's target price suggests a potential downside of 23.09% from the stock's previous close.

Other research analysts have also issued reports about the stock. KeyCorp lowered shares of Polaris from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, January 8th. Truist Financial lowered their price target on Polaris from $60.00 to $55.00 and set a "hold" rating on the stock in a research report on Wednesday, January 29th. BMO Capital Markets dropped their price objective on Polaris from $60.00 to $50.00 and set a "market perform" rating on the stock in a research note on Wednesday, January 29th. UBS Group decreased their target price on Polaris from $67.00 to $48.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. Finally, DA Davidson dropped their price target on Polaris from $69.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Polaris has an average rating of "Hold" and a consensus target price of $59.83.

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Polaris Stock Up 2.2 %

Shares of NYSE:PII traded up $0.92 on Thursday, reaching $42.91. The company had a trading volume of 921,273 shares, compared to its average volume of 965,939. The stock has a market capitalization of $2.41 billion, a P/E ratio of 21.89, a P/E/G ratio of 13.95 and a beta of 1.54. The stock has a 50-day moving average price of $47.01 and a 200 day moving average price of $62.23. Polaris has a twelve month low of $39.29 and a twelve month high of $100.91. The company has a quick ratio of 0.39, a current ratio of 1.15 and a debt-to-equity ratio of 1.27.

Polaris (NYSE:PII - Get Free Report) last posted its earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate 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 expect that Polaris will post 1.11 EPS for the current year.

Institutional Investors Weigh In On Polaris

A number of institutional investors have recently added to or reduced their stakes in the stock. 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 buying an additional 183 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Polaris by 0.6% during the fourth quarter. Nordea Investment Management AB now owns 28,811 shares of the company's stock valued at $1,676,000 after acquiring an additional 183 shares during the period. TD Waterhouse Canada Inc. lifted its holdings in shares of Polaris by 1.1% during the fourth quarter. TD Waterhouse Canada Inc. now owns 22,484 shares of the company's stock valued at $1,295,000 after acquiring an additional 241 shares during the period. Quarry LP boosted its stake in shares of Polaris by 187.4% in the 3rd quarter. Quarry LP now owns 388 shares of the company's stock valued at $32,000 after purchasing an additional 253 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Polaris by 7.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 3,601 shares of the company's stock worth $208,000 after purchasing an additional 263 shares during the last quarter. 88.06% of the stock is 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.