Truist Financial Has Lowered Expectations for Polaris (NYSE:PII) Stock Price

Polaris (NYSE:PII - Get Free Report) had its target price cut by research analysts at Truist Financial from $60.00 to $55.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Truist Financial's price target suggests a potential upside of 12.73% from the stock's previous close.

Several other research firms also recently commented on PII. Roth Mkm lowered their price objective on shares of Polaris from $76.00 to $57.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. Morgan Stanley reaffirmed an "equal weight" rating and set a $60.00 target price (down from $81.00) on shares of Polaris in a report on Tuesday, January 21st. KeyCorp downgraded Polaris from an "overweight" rating to a "sector weight" rating in a research report on Wednesday, January 8th. Citigroup dropped their target price on shares of Polaris from $57.00 to $53.00 and set a "neutral" rating on the stock in a research report on Wednesday. Finally, DA Davidson reduced their price objective on Polaris from $84.00 to $69.00 and set a "buy" rating for the company in a research note on Friday, January 17th. One 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.com, the company currently has an average rating of "Hold" and an average price target of $68.64.

Polaris Price Performance

Polaris stock traded down $2.55 during mid-day trading on Wednesday, reaching $48.79. 2,848,775 shares of the company's stock traded hands, compared to its average volume of 1,554,882. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 6.05 and a beta of 1.53. Polaris has a 12-month low of $48.44 and a 12-month high of $100.91. The stock has a 50 day moving average of $60.12 and a two-hundred day moving average of $72.47. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28.

Polaris (NYSE:PII - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.03. Polaris had a net margin of 2.64% and a return on equity of 17.92%. Equities analysts forecast that Polaris will post 3.22 earnings per share for the current year.

Institutional Trading of Polaris

Several large investors have recently bought and sold shares of PII. National Bank of Canada FI grew 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 purchasing an additional 183 shares in the last quarter. Nordea Investment Management AB increased 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 worth $1,676,000 after acquiring an additional 183 shares in the last quarter. Quarry LP lifted its holdings in shares of Polaris by 187.4% in the third 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. Claro Advisors LLC lifted its stake in Polaris by 3.3% in the 3rd quarter. Claro Advisors LLC now owns 7,881 shares of the company's stock worth $656,000 after acquiring an additional 254 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in Polaris by 7.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 3,601 shares of the company's stock valued at $208,000 after purchasing an additional 263 shares in the last quarter. Institutional investors and hedge funds own 88.06% of the company's stock.

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.