Citigroup Cuts Polaris (NYSE:PII) Price Target to $96.00

Polaris (NYSE:PII) had its target price decreased by Citigroup from $100.00 to $96.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target would indicate a potential upside of 15.16% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Bank of America initiated coverage on shares of Polaris in a research report on Wednesday, April 3rd. They issued a “neutral” rating and a $110.00 price target on the stock. Longbow Research raised shares of Polaris from a “neutral” rating to a “buy” rating and set a $120.00 target price for the company in a research note on Monday, April 8th. Royal Bank of Canada decreased their price target on shares of Polaris from $103.00 to $97.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Truist Financial cut their price objective on Polaris from $96.00 to $92.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, Morgan Stanley raised Polaris from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $103.00 to $113.00 in a research note on Wednesday, January 17th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $100.27.

Polaris Trading Down 2.2 %

Polaris stock opened at $83.36 on Wednesday. Polaris has a 12-month low of $82.00 and a 12-month high of $138.49. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.47 and a quick ratio of 0.46. The stock has a market capitalization of $4.71 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 2.35 and a beta of 1.60. The firm has a 50 day simple moving average of $92.75 and a 200-day simple moving average of $91.57.

Polaris (NYSE:PII) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.17. Polaris had a return on equity of 31.39% and a net margin of 4.63%. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same period last year, the company posted $2.05 EPS. The firm’s quarterly revenue was down 20.3% on a year-over-year basis. As a group, equities research analysts expect that Polaris will post 7.97 EPS for the current fiscal year.

Institutional Trading of Polaris

Large investors have recently added to or reduced their stakes in the business. Creekmur Asset Management LLC acquired a new stake in shares of Polaris in the 4th quarter valued at $27,000. BKM Wealth Management LLC acquired a new stake in shares of Polaris in the fourth quarter worth about $31,000. Verity & Verity LLC bought a new stake in shares of Polaris during the 1st quarter worth about $37,000. First United Bank & Trust acquired a new position in shares of Polaris during the 4th quarter valued at about $40,000. Finally, Larson Financial Group LLC raised its stake in shares of Polaris by 536.5% in the 3rd quarter. Larson Financial Group LLC now owns 401 shares of the company’s stock valued at $42,000 after acquiring an additional 338 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.