Truist Financial Has Lowered Expectations for Polaris (NYSE:PII) Stock Price

Polaris (NYSE:PII) had its price target reduced by Truist Financial from $60.00 to $55.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a hold rating on the stock.

Several other brokerages also recently weighed in on PII. StockNews.com downgraded Polaris from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. Morgan Stanley reissued an “equal weight” rating and set a $60.00 target price (down previously from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. Royal Bank of Canada reduced their price target 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 lowered their price objective on shares of Polaris from $76.00 to $57.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Finally, Citigroup dropped their price objective on Polaris from $57.00 to $53.00 and set a “neutral” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $68.64.

Polaris Price Performance

Shares of PII opened at $48.79 on Wednesday. Polaris has a 12 month low of $48.44 and a 12 month high of $100.91. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32. The stock has a fifty day moving average price of $59.80 and a 200 day moving average price of $72.30. The company has a market cap of $2.72 billion, a P/E ratio of 13.63, a PEG ratio of 6.05 and a beta of 1.53.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Polaris had a net margin of 2.64% and a return on equity of 17.92%. On average, research analysts forecast that Polaris will post 3.22 earnings per share for the current year.

Institutional Trading of Polaris

Institutional investors and hedge funds have recently bought and sold shares of the stock. Venturi Wealth Management LLC raised its holdings in shares of Polaris by 534.5% during the third quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock valued at $29,000 after acquiring an additional 294 shares during the period. Blue Trust Inc. raised its stake in Polaris by 2,431.3% during the 3rd quarter. Blue Trust Inc. now owns 405 shares of the company’s stock valued at $32,000 after purchasing an additional 389 shares during the period. Quarry LP lifted its holdings in shares of Polaris by 187.4% in the third quarter. Quarry LP now owns 388 shares of the company’s stock valued at $32,000 after purchasing an additional 253 shares in the last quarter. GAMMA Investing LLC raised its position in Polaris by 232.6% during the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock valued at $56,000 after buying an additional 677 shares during the period. Finally, National Bank of Canada FI lifted its stake in Polaris by 19.9% in the 3rd quarter. National Bank of Canada FI now owns 1,101 shares of the company’s stock worth $92,000 after acquiring an additional 183 shares in the last quarter. Institutional investors and hedge funds 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.