Polaris (NYSE:PII) Given New $79.00 Price Target at Roth Mkm

Polaris (NYSE:PII) had its price objective decreased by investment analysts at Roth Mkm from $92.00 to $79.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the stock.

PII has been the subject of a number of other research reports. Royal Bank of Canada dropped their price objective on Polaris from $103.00 to $97.00 and set a “sector perform” rating for the company in a report on Wednesday, April 24th. Longbow Research reiterated a “neutral” rating on shares of Polaris in a report on Wednesday. Truist Financial dropped their price objective on Polaris from $92.00 to $82.00 and set a “hold” rating for the company in a report on Monday, July 8th. Robert W. Baird dropped their price objective on Polaris from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, July 3rd. Finally, Bank of America assumed coverage on Polaris in a report on Wednesday, April 3rd. They issued a “neutral” rating and a $110.00 price target for the company. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Polaris currently has a consensus rating of “Hold” and a consensus price target of $89.18.

Polaris Trading Up 8.4 %

Shares of PII opened at $79.00 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 1.42 and a debt-to-equity ratio of 1.56. Polaris has a 12-month low of $71.90 and a 12-month high of $138.49. The firm has a market capitalization of $4.40 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 6.82 and a beta of 1.53. The stock’s fifty day simple moving average is $79.36 and its 200-day simple moving average is $86.86.

Polaris (NYSE:PII) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.27 by ($0.89). Polaris had a net margin of 3.98% and a return on equity of 26.38%. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period last year, the company earned $2.42 EPS. The company’s revenue was down 11.5% compared to the same quarter last year. As a group, research analysts predict that Polaris will post 3.6 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PII. Confluence Investment Management LLC bought a new position in shares of Polaris during the first quarter worth about $108,890,000. Verity & Verity LLC bought a new position in shares of Polaris during the first quarter worth about $37,000. LSV Asset Management grew its holdings in shares of Polaris by 190.3% during the fourth quarter. LSV Asset Management now owns 261,872 shares of the company’s stock worth $24,818,000 after buying an additional 171,672 shares in the last quarter. Capital World Investors grew its holdings in shares of Polaris by 2.4% during the fourth quarter. Capital World Investors now owns 6,757,911 shares of the company’s stock worth $640,447,000 after buying an additional 160,918 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Polaris during the fourth quarter worth about $12,168,000. 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.