Polaris (NYSE:PII) Given "Equal Weight" Rating at Morgan Stanley

Polaris (NYSE:PII - Get Free Report)'s stock had its "equal weight" rating reiterated by equities researchers at Morgan Stanley in a report issued on Tuesday, Marketbeat Ratings reports. They currently have a $60.00 target price on the stock, down from their prior target price of $81.00. Morgan Stanley's price objective would indicate a potential upside of 9.11% from the company's current price.

PII has been the subject of a number of other reports. 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. DA Davidson cut their price target on Polaris from $84.00 to $69.00 and set a "buy" rating on the stock in a research note on Friday. KeyCorp downgraded Polaris from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, January 8th. StockNews.com downgraded shares of Polaris from a "hold" rating to a "sell" rating in a research report on Wednesday, January 8th. Finally, Truist Financial decreased their price target on shares of Polaris from $76.00 to $60.00 and set a "hold" rating for the company in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Polaris presently has an average rating of "Hold" and an average target price of $77.82.

Polaris Price Performance

NYSE:PII traded down $0.50 during trading hours on Tuesday, hitting $54.99. The company's stock had a trading volume of 1,842,723 shares, compared to its average volume of 1,155,519. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32. The company has a market capitalization of $3.07 billion, a P/E ratio of 15.36, a PEG ratio of 5.30 and a beta of 1.53. Polaris has a twelve month low of $52.77 and a twelve month high of $100.91. The stock has a fifty day simple moving average of $61.64 and a 200-day simple moving average of $73.41.

Polaris (NYSE:PII - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.88 by ($0.15). Polaris had a return on equity of 17.92% and a net margin of 2.64%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the company earned $2.71 earnings per share. Polaris's revenue for the quarter was down 23.4% compared to the same quarter last year. On average, analysts anticipate that Polaris will post 3.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Polaris

Several hedge funds and other institutional investors have recently modified their holdings of the company. Lantz Financial LLC grew its holdings in shares of Polaris by 12.6% during the fourth quarter. Lantz Financial LLC now owns 15,616 shares of the company's stock valued at $900,000 after buying an additional 1,746 shares during the last quarter. Impact Partnership Wealth LLC bought a new position in Polaris in the 4th quarter valued at about $378,000. Inspire Investing LLC boosted its stake in Polaris by 41.6% during the 4th quarter. Inspire Investing LLC now owns 6,962 shares of the company's stock valued at $401,000 after purchasing an additional 2,045 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Polaris by 7.9% in the fourth 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. Finally, SG Americas Securities LLC bought a new position in shares of Polaris in the fourth quarter valued at approximately $300,000. 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.