Polaris (NYSE:PII) Price Target Cut to $45.00 by Analysts at Bank of America

Polaris (NYSE:PII) had its target price decreased by equities research analysts at Bank of America from $55.00 to $45.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Bank of America‘s price target would suggest a potential upside of 6.08% from the company’s current price.

Several other equities analysts have also weighed in on PII. Royal Bank of Canada dropped their price objective on shares of Polaris from $65.00 to $54.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 29th. StockNews.com downgraded shares of Polaris from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. Roth Mkm reduced their price objective on shares of Polaris from $76.00 to $57.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Robert W. Baird reduced their price objective on shares of Polaris from $64.00 to $56.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, UBS Group dropped their target price on shares of Polaris from $67.00 to $48.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Polaris has a consensus rating of “Hold” and a consensus price target of $61.50.

Polaris Stock Performance

NYSE PII opened at $42.42 on Monday. 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’s fifty day moving average price is $48.63 and its two-hundred day moving average price is $63.94. Polaris has a 1 year low of $39.79 and a 1 year high of $100.91. The firm has a market capitalization 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 posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%. As a group, research analysts anticipate that Polaris will post 1.11 EPS for the current year.

Institutional Trading of Polaris

Large investors have recently modified their holdings of the stock. Quarry LP grew its position in shares of Polaris by 187.4% during the 3rd quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after buying an additional 253 shares during the period. Twin Tree Management LP acquired a new stake in shares of Polaris during the 4th quarter worth approximately $29,000. Larson Financial Group LLC grew its position in shares of Polaris by 386.5% during the 4th quarter. Larson Financial Group LLC now owns 506 shares of the company’s stock worth $29,000 after buying an additional 402 shares during the period. Lindbrook Capital LLC grew its position in shares of Polaris by 295.4% during the 4th 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. Finally, GAMMA Investing LLC grew its position in shares of Polaris by 232.6% during the 4th quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock worth $56,000 after buying an additional 677 shares during the period. Institutional investors and hedge funds own 88.06% of the company’s stock.

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.