Polaris (NYSE:PII) PT Lowered to $75.00 at BMO Capital Markets

Polaris (NYSE:PII) had its price objective dropped by BMO Capital Markets from $90.00 to $75.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ target price suggests a potential downside of 5.06% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. DA Davidson cut their price target on Polaris from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. Robert W. Baird reduced their target price on Polaris from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, July 3rd. StockNews.com downgraded Polaris from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Bank of America initiated coverage on shares of Polaris in a research note on Wednesday, April 3rd. They set a “neutral” rating and a $110.00 price objective on the stock. Finally, Citigroup dropped their target price on shares of Polaris from $96.00 to $86.00 and set a “neutral” rating for the company in a research report on Tuesday, July 16th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $89.18.

Polaris Stock Up 8.4 %

PII stock opened at $79.00 on Wednesday. Polaris has a fifty-two week low of $71.90 and a fifty-two week high of $138.49. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.47 and a quick ratio of 0.42. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 7.01 and a beta of 1.53. The business’s fifty day moving average price is $79.36 and its two-hundred day moving average price is $86.86.

Polaris (NYSE:PII) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.89). The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.18 billion. Polaris had a return on equity of 26.20% and a net margin of 3.98%. Polaris’s revenue was down 11.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.42 earnings per share. On average, equities analysts anticipate that Polaris will post 3.76 earnings per share for the current year.

Institutional Trading of Polaris

Hedge funds and other institutional investors have recently modified their holdings of the stock. New England Capital Financial Advisors LLC bought a new stake in shares of Polaris during the first quarter worth about $25,000. Creekmur Asset Management LLC bought a new stake in shares of Polaris in the fourth quarter worth $27,000. Bessemer Group Inc. increased its holdings in Polaris by 174.1% in the first quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock valued at $37,000 after purchasing an additional 235 shares during the period. First United Bank & Trust bought a new position in Polaris during the 4th quarter worth $40,000. Finally, Security National Bank acquired a new position in Polaris during the 4th quarter worth about $47,000. Institutional investors 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.