Robert W. Baird Has Lowered Expectations for Polaris (NYSE:PII) Stock Price

Polaris (NYSE:PII) had its price objective reduced by research analysts at Robert W. Baird from $64.00 to $56.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price objective points to a potential upside of 32.01% from the company’s current price.

Other research analysts also recently issued research reports about the company. Truist Financial dropped their price objective on Polaris from $60.00 to $55.00 and set a “hold” rating on the stock in a report on Wednesday, January 29th. StockNews.com downgraded shares of Polaris from a “hold” rating to a “sell” 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, January 29th. KeyCorp cut shares of Polaris from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada dropped their price objective on Polaris from $65.00 to $54.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $64.83.

Polaris Stock Up 0.5 %

Shares of PII opened at $42.42 on Monday. The company’s 50-day moving average price is $48.63 and its 200 day moving average price is $63.94. Polaris has a 12-month low of $39.79 and a 12-month high of $100.91. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27. The firm has a market cap of $2.38 billion, a P/E ratio of 21.64, a price-to-earnings-growth ratio of 13.95 and a beta of 1.54.

Polaris (NYSE:PII) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%. On average, sell-side analysts forecast that Polaris will post 1.11 earnings per share for the current year.

Institutional Investors Weigh In On Polaris

A number of institutional investors have recently made changes to their positions in PII. Larson Financial Group LLC boosted its stake in Polaris by 386.5% in the fourth quarter. Larson Financial Group LLC now owns 506 shares of the company’s stock valued at $29,000 after acquiring an additional 402 shares during the period. Twin Tree Management LP bought a new position in Polaris during the 4th quarter worth $29,000. Lindbrook Capital LLC increased its position in Polaris by 295.4% in the fourth quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock worth $30,000 after buying an additional 387 shares during the period. Quarry LP lifted its stake in Polaris by 187.4% in the third quarter. Quarry LP now owns 388 shares of the company’s stock valued at $32,000 after buying an additional 253 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Polaris by 232.6% during the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock valued at $56,000 after acquiring an additional 677 shares during the period. 88.06% of the stock is currently 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.