Polaris (NYSE:PII) PT Lowered to $96.00 at Citigroup

Polaris (NYSE:PII) had its price objective reduced by analysts at Citigroup from $100.00 to $96.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price target suggests a potential upside of 12.93% from the company’s previous close.

A number of other research firms also recently issued reports on PII. KeyCorp decreased their target price on Polaris from $115.00 to $105.00 and set an “overweight” rating for the company in a research report on Friday, January 12th. Bank of America started coverage on Polaris in a research report on Wednesday, April 3rd. They issued a “neutral” rating and a $110.00 price target for the company. Longbow Research upgraded Polaris from a “neutral” rating to a “buy” rating and set a $120.00 price target for the company in a research report on Monday, April 8th. Robert W. Baird reduced their price target on Polaris from $110.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Royal Bank of Canada reduced their price target on Polaris from $103.00 to $97.00 and set a “sector perform” rating for the company in a research report on Wednesday. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $100.27.

Polaris Stock Performance

Polaris stock traded down $1.49 during mid-day trading on Wednesday, reaching $85.01. 539,029 shares of the company’s stock were exchanged, compared to its average volume of 685,346. The business’s fifty day simple moving average is $92.93 and its 200 day simple moving average is $91.69. The firm has a market capitalization of $4.80 billion, a PE ratio of 9.76, a P/E/G ratio of 2.39 and a beta of 1.60. Polaris has a one year low of $82.00 and a one year high of $138.49. The company has a quick ratio of 0.46, a current ratio of 1.39 and a debt-to-equity ratio of 1.31.

Polaris (NYSE:PII) last released its earnings results on Tuesday, April 23rd. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.17. Polaris had a return on equity of 40.98% and a net margin of 5.63%. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same period last year, the business posted $2.05 earnings per share. The business’s revenue for the quarter was down 20.3% on a year-over-year basis. On average, sell-side analysts expect that Polaris will post 7.97 earnings per share for the current year.

Institutional Investors Weigh In On Polaris

Several hedge funds have recently added to or reduced their stakes in the company. Creekmur Asset Management LLC bought a new stake in shares of Polaris in the 4th quarter valued at about $27,000. BKM Wealth Management LLC bought a new stake in shares of Polaris in the 4th quarter valued at about $31,000. First United Bank & Trust bought a new stake in shares of Polaris in the 4th quarter valued at about $40,000. Larson Financial Group LLC lifted its stake in shares of Polaris by 536.5% in the 3rd quarter. Larson Financial Group LLC now owns 401 shares of the company’s stock valued at $42,000 after acquiring an additional 338 shares during the last quarter. Finally, Orion Capital Management LLC bought a new stake in shares of Polaris in the 3rd quarter valued at about $46,000. 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.