Polaris (NYSE:PII) Price Target Cut to $45.00 by Analysts at Bank of America

Polaris (NYSE:PII - Get Free Report) had its price target reduced by stock analysts at Bank of America from $55.00 to $45.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Bank of America's price objective points to a potential upside of 7.28% from the company's current price.

Several other brokerages have also recently commented on PII. BMO Capital Markets decreased their target price on Polaris from $60.00 to $50.00 and set a "market perform" rating on the stock in a report on Wednesday, January 29th. Morgan Stanley reissued an "equal weight" rating and set a $60.00 price objective (down previously from $81.00) on shares of Polaris in a report on Tuesday, January 21st. DA Davidson dropped their target price on shares of Polaris from $69.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, January 30th. UBS Group decreased their price target on shares of Polaris from $67.00 to $48.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. Finally, Royal Bank of Canada lowered their price target on shares of Polaris from $65.00 to $54.00 and set a "sector perform" rating for the company in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, Polaris currently has a consensus rating of "Hold" and a consensus price target of $59.83.

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Polaris Price Performance

NYSE:PII traded down $0.19 on Monday, reaching $41.95. The stock had a trading volume of 2,628,740 shares, compared to its average volume of 964,042. The company has a quick ratio of 0.39, a current ratio of 1.15 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $2.35 billion, a P/E ratio of 21.40, a price-to-earnings-growth ratio of 13.95 and a beta of 1.54. Polaris has a 1-year low of $39.29 and a 1-year high of $100.91. The stock has a fifty day moving average price of $47.51 and a 200-day moving average price of $63.07.

Polaris (NYSE:PII - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $0.92 EPS 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%. Research analysts forecast that Polaris will post 1.11 EPS for the current year.

Institutional Investors Weigh In On Polaris

Institutional investors have recently made changes to their positions in the stock. Quarry LP lifted its stake 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 buying an additional 253 shares during the period. Twin Tree Management LP bought a new stake in shares of Polaris in the 4th quarter valued at about $29,000. Larson Financial Group LLC raised its position in shares of Polaris by 386.5% in the 4th quarter. Larson Financial Group LLC now owns 506 shares of the company's stock valued at $29,000 after acquiring an additional 402 shares during the period. Lindbrook Capital LLC boosted its stake in Polaris by 295.4% during the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock worth $30,000 after acquiring an additional 387 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Polaris by 232.6% during the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company's stock valued at $56,000 after purchasing an additional 677 shares during the period. 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.