Polaris (NYSE:PII) Given New $69.00 Price Target at Morgan Stanley

Polaris (NYSE:PII) had its price objective reduced by equities researchers at Morgan Stanley from $74.00 to $69.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 13.02% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Citigroup raised their price objective on shares of Polaris from $58.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Robert W. Baird upped their target price on shares of Polaris from $67.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Zacks Research raised shares of Polaris from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Weiss Ratings lowered shares of Polaris from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 17th. Finally, Raymond James Financial restated an “outperform” rating on shares of Polaris in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $64.44.

Polaris Stock Performance

NYSE:PII traded down $2.93 during midday trading on Tuesday, reaching $61.05. The stock had a trading volume of 44,656 shares, compared to its average volume of 1,180,580. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.21 and a quick ratio of 0.48. Polaris has a 1-year low of $36.73 and a 1-year high of $75.25. The firm’s fifty day simple moving average is $57.89 and its 200-day simple moving average is $63.28. The stock has a market capitalization of $3.47 billion, a P/E ratio of -7.80 and a beta of 1.25.

Polaris (NYSE:PII) last posted its quarterly earnings data on Monday, April 27th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of ($0.43) by $0.56. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Polaris had a positive return on equity of 5.91% and a negative net margin of 6.13%.The firm’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.90) EPS. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. On average, equities research analysts forecast that Polaris will post 1.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Kemnay Advisory Services Inc. acquired a new stake in Polaris during the 4th quarter valued at $27,000. Danske Bank A S raised its position in Polaris by 150.0% in the 4th quarter. Danske Bank A S now owns 500 shares of the company’s stock valued at $32,000 after purchasing an additional 300 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Polaris in the fourth quarter worth $40,000. Bard Associates Inc. bought a new stake in shares of Polaris during the fourth quarter worth $46,000. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of Polaris during the fourth quarter worth $52,000. 88.06% of the stock is owned by institutional investors and hedge funds.

About Polaris

Polaris Inc, founded in 1954 and headquartered in Medina, Minnesota, is a diversified manufacturer of powersports vehicles and related products. Initially gaining prominence with its snowmobiles, Polaris expanded its portfolio over the decades to include all-terrain vehicles (ATVs), side-by-side off-road vehicles, and motorcycles. The company’s legacy in recreational and utility vehicle innovation stems from early engineering breakthroughs that established Polaris as a leading name in off-road mobility.

Today, Polaris offers a broad range of products under well-known brands such as Polaris RANGER and POLARIS SPORTSMAN for utility and recreation markets, Slingshot three-wheel roadsters for on-road enthusiasts, and the Indian Motorcycle brand for premium two-wheeled touring and cruiser segments.