Roth Mkm Cuts Polaris (NYSE:PII) Price Target to $57.00

Polaris (NYSE:PII) had its target price lowered by Roth Mkm from $76.00 to $57.00 in a report published on Friday morning,Benzinga reports. Roth Mkm currently has a neutral rating on the stock.

Several other equities analysts have also weighed in on PII. DA Davidson dropped their price objective on shares of Polaris from $84.00 to $69.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Citigroup decreased their price objective on Polaris from $73.00 to $57.00 and set a “neutral” rating for the company in a report on Thursday. Truist Financial cut their target price on Polaris from $76.00 to $60.00 and set a “hold” rating on the stock in a report on Tuesday, January 7th. Morgan Stanley restated an “equal weight” rating and set a $60.00 price objective (down previously from $81.00) on shares of Polaris in a report on Tuesday, January 21st. Finally, StockNews.com downgraded shares of Polaris from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Polaris currently has a consensus rating of “Hold” and a consensus target price of $73.45.

Polaris Trading Down 0.8 %

Shares of PII stock opened at $53.80 on Friday. Polaris has a fifty-two week low of $52.62 and a fifty-two week high of $100.91. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.32 and a current ratio of 1.21. The stock has a 50 day simple moving average of $60.62 and a two-hundred day simple moving average of $72.84. The company has a market cap of $3.00 billion, a P/E ratio of 15.03, a PEG ratio of 6.05 and a beta of 1.53.

Hedge Funds Weigh In On Polaris

Several institutional investors have recently bought and sold shares of the company. Venturi Wealth Management LLC increased its holdings in Polaris by 534.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock worth $29,000 after acquiring an additional 294 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of 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 buying an additional 389 shares in the last quarter. Quarry LP boosted its holdings in Polaris by 187.4% in the 3rd quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after buying an additional 253 shares during the period. GAMMA Investing LLC raised its holdings in Polaris by 232.6% during the 4th quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock valued at $56,000 after acquiring an additional 677 shares during the period. Finally, National Bank of Canada FI lifted its position in shares of Polaris by 19.9% during the third 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. Hedge funds and other institutional investors own 88.06% of the company’s stock.

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.