Polaris (NYSE:PII) Stock Rating Upgraded by StockNews.com

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

Several other equities research analysts have also weighed in on the company. BMO Capital Markets reduced their price objective on Polaris from $90.00 to $75.00 and set a “market perform” rating for the company in a research note on Wednesday, July 24th. Robert W. Baird dropped their price target on Polaris from $85.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Royal Bank of Canada reduced their price objective on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 23rd. Roth Mkm dropped their target price on shares of Polaris from $92.00 to $79.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Finally, Longbow Research restated a “neutral” rating on shares of Polaris in a research report on Wednesday, July 24th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $87.09.

Polaris Price Performance

NYSE:PII opened at $67.54 on Tuesday. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28. The business’s 50-day moving average price is $77.98 and its 200 day moving average price is $80.08. Polaris has a 52-week low of $66.06 and a 52-week high of $100.91. The firm has a market cap of $3.77 billion, a P/E ratio of 18.87, a PEG ratio of 6.92 and a beta of 1.52.

Polaris (NYSE:PII) last released its earnings results on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.77 billion. Polaris had a return on equity of 17.92% and a net margin of 2.64%. The firm’s revenue for the quarter was down 23.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.71 earnings per share. As a group, sell-side analysts predict that Polaris will post 3.22 earnings per share for the current fiscal year.

Institutional Trading of Polaris

Hedge funds and other institutional investors have recently modified their holdings of the company. American Century Companies Inc. grew its stake in Polaris by 311.6% in the second quarter. American Century Companies Inc. now owns 387,012 shares of the company’s stock valued at $30,307,000 after purchasing an additional 292,992 shares in the last quarter. Eubel Brady & Suttman Asset Management Inc. bought a new stake in shares of Polaris in the 2nd quarter valued at approximately $15,363,000. RWWM Inc. increased its holdings in Polaris by 192.3% in the second quarter. RWWM Inc. now owns 272,452 shares of the company’s stock worth $21,334,000 after buying an additional 179,244 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Polaris by 44.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company’s stock valued at $46,232,000 after acquiring an additional 171,366 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Polaris by 10.8% in the second quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock valued at $76,994,000 after acquiring an additional 96,194 shares during the last quarter. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

About Polaris

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.