Polaris (NYSE:PII) Price Target Cut to $100.00 by Analysts at Robert W. Baird

Polaris (NYSE:PII) had its target price lowered by Robert W. Baird from $110.00 to $100.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s target price indicates a potential upside of 15.61% from the company’s previous close.

Several other brokerages have also commented on PII. Royal Bank of Canada lifted their price objective on Polaris from $100.00 to $103.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 31st. Longbow Research raised Polaris from a “neutral” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Monday, April 8th. BMO Capital Markets cut their price objective on Polaris from $100.00 to $95.00 and set a “market perform” rating for the company in a report on Wednesday, January 31st. DA Davidson reissued a “neutral” rating and set a $80.00 price target on shares of Polaris in a report on Tuesday, March 5th. Finally, Bank of America began coverage on Polaris in a report on Wednesday, April 3rd. They set a “neutral” rating and a $110.00 price target for the company. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $102.45.

Polaris Stock Down 1.9 %

Shares of NYSE:PII opened at $86.50 on Wednesday. Polaris has a 12-month low of $82.00 and a 12-month high of $138.49. The stock has a fifty day simple moving average of $92.93 and a two-hundred day simple moving average of $91.69. The company has a current ratio of 1.39, a quick ratio of 0.46 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $4.89 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 2.39 and a beta of 1.60.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.69). Polaris had a return on equity of 40.98% and a net margin of 5.63%. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter in the prior year, the firm earned $3.46 EPS. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. On average, research analysts anticipate that Polaris will post 7.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Polaris

A number of hedge funds have recently made changes to their positions in the company. Creekmur Asset Management LLC bought a new position in shares of Polaris during the fourth quarter valued at approximately $27,000. BKM Wealth Management LLC bought a new position in Polaris in the fourth quarter worth approximately $31,000. First United Bank & Trust bought a new position in Polaris in the fourth quarter worth approximately $40,000. Larson Financial Group LLC grew its stake in Polaris by 536.5% in the third quarter. Larson Financial Group LLC now owns 401 shares of the company’s stock worth $42,000 after purchasing an additional 338 shares in the last quarter. Finally, Orion Capital Management LLC bought a new position in Polaris in the third quarter worth approximately $46,000. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

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.