Polaris (NYSE:PII) Given Sector Perform Rating at Royal Bank of Canada

Polaris (NYSE:PII)‘s stock had its “sector perform” rating restated by stock analysts at Royal Bank of Canada in a research report issued on Monday,Benzinga reports. They currently have a $54.00 target price on the stock. Royal Bank of Canada’s target price indicates a potential upside of 23.30% from the stock’s previous close.

A number of other brokerages also recently weighed in on PII. Morgan Stanley reiterated an “equal weight” rating and issued a $60.00 target price (down previously from $81.00) on shares of Polaris in a report on Tuesday, January 21st. Robert W. Baird cut their price target on Polaris from $64.00 to $56.00 and set an “outperform” rating for the company in a research note on Monday. Roth Mkm lowered their price target on Polaris from $76.00 to $57.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Citigroup cut their price objective on shares of Polaris from $57.00 to $53.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Finally, Bank of America decreased their target price on shares of Polaris from $55.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $61.50.

Polaris Price Performance

NYSE:PII traded up $1.47 during mid-day trading on Monday, reaching $43.80. 331,482 shares of the stock were exchanged, compared to its average volume of 943,220. Polaris has a 1-year low of $39.79 and a 1-year high of $100.91. 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 business has a fifty day moving average price of $48.63 and a 200 day moving average price of $63.94. The firm has a market capitalization of $2.46 billion, a PE ratio of 22.34, a PEG ratio of 13.95 and a beta of 1.54.

Polaris (NYSE:PII) last released its earnings results on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, beating 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%. Research analysts expect that Polaris will post 1.11 earnings per share for the current fiscal year.

Institutional Trading of Polaris

A number of hedge funds have recently bought and sold shares of PII. Quarry LP grew its holdings 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 purchasing an additional 253 shares in the last quarter. Twin Tree Management LP bought a new position in Polaris in the fourth quarter worth $29,000. Larson Financial Group LLC boosted its stake in Polaris by 386.5% during the fourth quarter. Larson Financial Group LLC now owns 506 shares of the company’s stock worth $29,000 after buying an additional 402 shares in the last quarter. Lindbrook Capital LLC increased its holdings in Polaris by 295.4% in the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock valued at $30,000 after buying an additional 387 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Polaris by 232.6% in the 4th quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock valued at $56,000 after buying an additional 677 shares in the last quarter. 88.06% of the stock is 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.