Royal Bank of Canada Issues Pessimistic Forecast for Polaris (NYSE:PII) Stock Price

Polaris (NYSE:PII) had its target price reduced by stock analysts at Royal Bank of Canada from $65.00 to $54.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 10.32% from the company’s previous close.

A number of other equities research analysts have also commented on the company. Citigroup dropped their price target on Polaris from $57.00 to $53.00 and set a “neutral” rating on the stock in a research report on Wednesday. Robert W. Baird dropped their target price on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a report on Monday, December 30th. BMO Capital Markets lowered their price objective on shares of Polaris from $60.00 to $50.00 and set a “market perform” rating for the company in a research report on Wednesday. Roth Mkm cut their price objective on shares of Polaris from $76.00 to $57.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $60.00 price target (down previously from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $67.82.

Polaris Stock Performance

Shares of PII stock opened at $48.95 on Wednesday. The stock has a 50-day moving average of $59.44 and a 200-day moving average of $72.14. Polaris has a one year low of $48.44 and a one year high of $100.91. The stock has a market cap of $2.73 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 6.05 and a beta of 1.53. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32.

Polaris (NYSE:PII) last posted its earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.03. Polaris had a net margin of 2.64% and a return on equity of 17.92%. As a group, sell-side analysts expect that Polaris will post 3.22 earnings per share for the current year.

Institutional Inflows and Outflows

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