Polaris (NYSE:PII) Stock Rating Lowered by StockNews.com

Polaris (NYSE:PII - Get Free Report) was downgraded by investment analysts at StockNews.com from a "hold" rating to a "sell" rating in a report released on Wednesday.

A number of other equities analysts have also commented on the stock. DA Davidson cut their price objective on shares of Polaris from $87.00 to $84.00 and set a "buy" rating on the stock in a report on Thursday, October 24th. Royal Bank of Canada reduced their target price on Polaris from $82.00 to $73.00 and set a "sector perform" rating on the stock in a report on Wednesday, October 23rd. BMO Capital Markets lowered their price objective on shares of Polaris from $90.00 to $75.00 and set a "market perform" rating for the company in a research report on Wednesday, July 24th. Citigroup cut their price target on Polaris from $86.00 to $83.00 and set a "neutral" rating on the stock in a report on Wednesday, July 24th. Finally, Robert W. Baird lowered their price objective on Polaris from $85.00 to $84.00 and set an "outperform" rating for the company in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $87.09.

Polaris Trading Down 1.0 %

PII stock traded down $0.64 during midday trading on Wednesday, reaching $65.20. 477,348 shares of the company's stock traded hands, compared to its average volume of 729,101. Polaris has a fifty-two week low of $64.56 and a fifty-two week high of $100.91. The business has a 50-day moving average price of $76.71 and a two-hundred day moving average price of $79.44. The company has a market capitalization of $3.64 billion, a P/E ratio of 18.21, a PEG ratio of 6.98 and a beta of 1.52. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32.

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

Institutional Trading of Polaris

Several institutional investors have recently modified their holdings of PII. Vanguard Group Inc. raised its holdings in shares of Polaris by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 5,902,162 shares of the company's stock worth $590,924,000 after purchasing an additional 94,680 shares in the last quarter. Tidal Investments LLC bought a new stake in shares of Polaris during the 1st quarter worth $1,065,000. Savoir Faire Capital Management L.P. acquired a new stake in shares of Polaris during the second quarter worth $757,000. Dimensional Fund Advisors LP lifted its holdings in shares of Polaris by 10.8% during the second quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company's stock valued at $76,994,000 after purchasing an additional 96,194 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new position in shares of Polaris in the 2nd quarter valued at $1,211,000. Institutional investors and hedge funds 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.