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

Polaris (NYSE:PII) had its target price cut by Citigroup from $57.00 to $53.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s target price suggests a potential upside of 8.28% from the stock’s previous close.

PII has been the subject of several other research reports. StockNews.com lowered shares of Polaris from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. Roth Mkm reduced their price objective on Polaris from $76.00 to $57.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Morgan Stanley reissued an “equal weight” rating and set a $60.00 price target (down from $81.00) on shares of Polaris in a research report on Tuesday, January 21st. Robert W. Baird decreased 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. Finally, KeyCorp lowered Polaris from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, January 8th. 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $67.82.

Polaris Trading Up 0.3 %

NYSE PII opened at $48.95 on Wednesday. Polaris has a one year low of $48.44 and a one year 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 company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 6.05 and a beta of 1.53. The company’s 50-day simple moving average is $59.44 and its two-hundred day simple moving average is $72.14.

Polaris (NYSE:PII) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 EPS 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%. Equities analysts forecast that Polaris will post 3.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. increased its holdings in shares of Polaris by 31.0% in the second quarter. Sei Investments Co. now owns 3,601 shares of the company’s stock valued at $282,000 after purchasing an additional 853 shares during the last quarter. Algert Global LLC acquired a new stake in Polaris in the second quarter valued at approximately $423,000. Creative Planning grew its stake in shares of Polaris by 8.0% during the second quarter. Creative Planning now owns 61,613 shares of the company’s stock worth $4,825,000 after purchasing an additional 4,561 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Polaris by 34.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,164 shares of the company’s stock worth $561,000 after acquiring an additional 1,822 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Polaris during the 2nd quarter worth approximately $579,000. 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.