BMO Capital Markets Has Lowered Expectations for Polaris (NYSE:PII) Stock Price

Polaris (NYSE:PII) had its price target lowered by BMO Capital Markets from $60.00 to $50.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 0.98% from the stock’s previous close.

PII has been the subject of a number of other research reports. DA Davidson dropped their price target on Polaris from $84.00 to $69.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Roth Mkm decreased their price objective on Polaris from $76.00 to $57.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Royal Bank of Canada dropped their target price on Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 23rd. StockNews.com lowered Polaris from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. Finally, Robert W. Baird dropped their price objective on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a research note on Monday, December 30th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $70.36.

Polaris Stock Performance

Shares of NYSE PII traded down $1.83 during midday trading on Wednesday, reaching $49.52. 1,053,010 shares of the company were exchanged, compared to its average volume of 1,450,015. The stock has a fifty day simple moving average of $60.12 and a 200 day simple moving average of $72.47. The company has a current ratio of 1.21, a quick ratio of 0.32 and a debt-to-equity ratio of 1.28. The stock has a market cap of $2.76 billion, a P/E ratio of 13.80, a PEG ratio of 6.05 and a beta of 1.53. Polaris has a 1 year low of $48.44 and a 1 year high of $100.91.

Polaris (NYSE:PII) last issued its 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 return on equity of 17.92% and a net margin of 2.64%. On average, research analysts forecast that Polaris will post 3.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its stake in Polaris by 3.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,262,990 shares of the company’s stock valued at $188,371,000 after buying an additional 69,844 shares during the period. Confluence Investment Management LLC raised its holdings in Polaris by 0.7% during the third quarter. Confluence Investment Management LLC now owns 1,039,359 shares of the company’s stock worth $86,516,000 after purchasing an additional 6,724 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Polaris by 44.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company’s stock valued at $46,232,000 after purchasing an additional 171,366 shares in the last quarter. Systematic Financial Management LP increased its position in shares of Polaris by 9.9% during the 3rd quarter. Systematic Financial Management LP now owns 229,565 shares of the company’s stock valued at $19,109,000 after purchasing an additional 20,695 shares during the period. Finally, Royal London Asset Management Ltd. raised its stake in shares of Polaris by 0.4% in the 3rd quarter. Royal London Asset Management Ltd. now owns 221,481 shares of the company’s stock worth $18,436,000 after buying an additional 818 shares in the last quarter. 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.