Polaris (NYSE:PII) Price Target Cut to $56.00 by Analysts at Robert W. Baird

Polaris (NYSE:PII - Get Free Report) had its price objective decreased by stock analysts at Robert W. Baird from $64.00 to $56.00 in a report released on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Robert W. Baird's price objective points to a potential upside of 33.50% from the stock's previous close.

A number of other research firms have also issued reports on PII. UBS Group cut their price target on shares of Polaris from $67.00 to $48.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Citigroup reduced their target price on Polaris from $57.00 to $53.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. Roth Mkm lowered their price target on Polaris from $76.00 to $57.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. Truist Financial reduced their price objective on Polaris from $60.00 to $55.00 and set a "hold" rating for the company in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada decreased 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 equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $59.83.

Remove Ads

Polaris Price Performance

Shares of NYSE PII traded down $0.19 during trading on Monday, hitting $41.95. The company had a trading volume of 2,628,740 shares, compared to its average volume of 964,042. Polaris has a 52 week low of $39.29 and a 52 week high of $100.91. The business's 50-day moving average is $47.51 and its 200 day moving average is $63.07. The company has a market cap of $2.35 billion, a P/E ratio of 21.40, a PEG ratio of 13.95 and a beta of 1.54. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15.

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, topping 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%. Equities research analysts predict that Polaris will post 1.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Polaris

Several institutional investors and hedge funds have recently added to or reduced their stakes in PII. National Bank of Canada FI lifted its stake in shares of Polaris by 19.9% in the third 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 last quarter. Nordea Investment Management AB grew its position in shares of Polaris by 0.6% in the fourth quarter. Nordea Investment Management AB now owns 28,811 shares of the company's stock valued at $1,676,000 after purchasing an additional 183 shares during the last quarter. TD Waterhouse Canada Inc. lifted its position in shares of Polaris by 1.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 22,484 shares of the company's stock worth $1,295,000 after purchasing an additional 241 shares during the last quarter. Quarry LP boosted its stake in Polaris by 187.4% during the 3rd quarter. Quarry LP now owns 388 shares of the company's stock valued at $32,000 after purchasing an additional 253 shares during the period. Finally, Claro Advisors LLC grew its holdings in Polaris by 3.3% in the 3rd quarter. Claro Advisors LLC now owns 7,881 shares of the company's stock valued at $656,000 after buying an additional 254 shares during the last quarter. 88.06% of the stock is currently owned by institutional investors and hedge funds.

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.