StockNews.com Upgrades Polaris (NYSE:PII) to “Hold”

Polaris (NYSE:PII) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

Other equities research analysts have also recently issued research reports about the stock. Roth Mkm cut their price target on shares of Polaris from $92.00 to $79.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. KeyCorp reduced their target price on Polaris from $105.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Citigroup lowered their price target on Polaris from $86.00 to $83.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Bank of America reduced their price objective on Polaris from $86.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Finally, Royal Bank of Canada decreased their target price on Polaris from $97.00 to $82.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 24th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $89.18.

Polaris Stock Up 2.5 %

Shares of NYSE:PII opened at $82.12 on Wednesday. The company has a current ratio of 1.42, a quick ratio of 0.40 and a debt-to-equity ratio of 1.56. The stock has a fifty day simple moving average of $79.05 and a two-hundred day simple moving average of $85.81. Polaris has a 12-month low of $71.90 and a 12-month high of $121.33. The stock has a market capitalization of $4.64 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 7.09 and a beta of 1.53.

Polaris (NYSE:PII) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $1.38 earnings per share for the quarter, missing the consensus estimate of $2.27 by ($0.89). The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.18 billion. Polaris had a net margin of 3.98% and a return on equity of 26.38%. Polaris’s revenue was down 11.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.42 earnings per share. On average, research analysts anticipate that Polaris will post 3.79 earnings per share for the current fiscal year.

Institutional Trading of Polaris

Several large investors have recently added to or reduced their stakes in PII. New England Capital Financial Advisors LLC purchased a new stake in shares of Polaris in the 1st quarter worth $25,000. Creekmur Asset Management LLC purchased a new position in shares of Polaris during the 4th quarter valued at about $27,000. Bessemer Group Inc. grew its stake in shares of Polaris by 174.1% during the 1st quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock valued at $37,000 after acquiring an additional 235 shares during the period. First United Bank & Trust purchased a new stake in Polaris in the 4th quarter worth approximately $40,000. Finally, Security National Bank purchased a new stake in Polaris in the 4th quarter worth approximately $47,000. 88.06% of the stock is currently owned by 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.