Polaris (NYSE:PII) Rating Increased to Hold at StockNews.com

Polaris (NYSE:PII) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

A number of other equities research analysts have also recently commented on the company. Royal Bank of Canada decreased their price target on Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 23rd. Robert W. Baird decreased their price target on Polaris from $85.00 to $84.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. DA Davidson decreased their price target on Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Finally, KeyCorp decreased their price target on Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Polaris has a consensus rating of “Hold” and a consensus target price of $87.09.

Polaris Price Performance

NYSE PII opened at $68.25 on Thursday. The company has a market capitalization of $3.81 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 7.44 and a beta of 1.52. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.32 and a current ratio of 1.21. The business’s fifty day moving average is $75.62 and its 200 day moving average is $78.92. Polaris has a fifty-two week low of $64.56 and a fifty-two week high of $100.91.

Polaris (NYSE:PII) last released its earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.15). The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Polaris had a net margin of 2.64% and a return on equity of 17.92%. Polaris’s revenue for the quarter was down 23.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.71 earnings per share. Sell-side analysts predict that Polaris will post 3.22 earnings per share for the current year.

Institutional Investors Weigh In On Polaris

Large investors have recently made changes to their positions in the company. Venturi Wealth Management LLC increased its holdings in shares of Polaris by 534.5% in the third quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock worth $29,000 after purchasing an additional 294 shares during the last quarter. Quarry LP increased its holdings in shares of Polaris by 187.4% in the third quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after purchasing an additional 253 shares during the last quarter. Blue Trust Inc. increased its stake in Polaris by 2,431.3% during the third quarter. Blue Trust Inc. now owns 405 shares of the company’s stock worth $32,000 after acquiring an additional 389 shares during the last quarter. Signaturefd LLC raised its position in Polaris by 1,931.3% during the second quarter. Signaturefd LLC now owns 650 shares of the company’s stock valued at $51,000 after purchasing an additional 618 shares during the period. Finally, Abich Financial Wealth Management LLC purchased a new stake in Polaris during the second quarter valued at approximately $57,000. 88.06% of the stock is owned by institutional investors.

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.