Polaris (NYSE:PII) Rating Lowered to “Sell” at StockNews.com

Polaris (NYSE:PII) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

A number of other research analysts have also recently commented on the company. KeyCorp cut Polaris from an “overweight” rating to a “sector weight” rating in a research report on Wednesday. Robert W. Baird cut their target price on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a research report on Monday, December 30th. DA Davidson lowered their price target on shares of Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Truist Financial cut their price objective on shares of Polaris from $76.00 to $60.00 and set a “hold” rating for the company in a report on Tuesday. Finally, Royal Bank of Canada lowered their target price on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Polaris has a consensus rating of “Hold” and an average target price of $84.00.

Polaris Stock Down 4.4 %

Shares of NYSE:PII opened at $55.54 on Wednesday. The company has a market capitalization of $3.10 billion, a PE ratio of 15.51, a price-to-earnings-growth ratio of 6.59 and a beta of 1.53. Polaris has a 1 year low of $55.19 and a 1 year 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 business has a fifty day moving average price of $63.68 and a two-hundred day moving average price of $74.51.

Polaris (NYSE:PII) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.15). The company 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 business’s revenue was down 23.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.71 EPS. Analysts forecast that Polaris will post 3.22 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Nordea Investment Management AB grew its stake in Polaris by 0.6% in the 4th quarter. Nordea Investment Management AB now owns 28,811 shares of the company’s stock worth $1,676,000 after buying an additional 183 shares in the last quarter. GAMMA Investing LLC grew its position in Polaris by 232.6% in the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock worth $56,000 after acquiring an additional 677 shares in the last quarter. Franklin Resources Inc. increased its stake in Polaris by 12.2% in the third quarter. Franklin Resources Inc. now owns 169,004 shares of the company’s stock valued at $13,745,000 after acquiring an additional 18,418 shares during the last quarter. Virtu Financial LLC purchased a new stake in Polaris during the third quarter valued at about $535,000. Finally, Toronto Dominion Bank lifted its stake in Polaris by 2.9% during the third quarter. Toronto Dominion Bank now owns 16,484 shares of the company’s stock worth $1,372,000 after purchasing an additional 465 shares during the last quarter. 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.