Polaris (NYSE:PII) Stock Rating Lowered by Citigroup

Polaris (NYSE:PII) was downgraded by investment analysts at Citigroup from a “neutral” rating to a “sell” rating in a report issued on Thursday, Marketbeat reports. They currently have a $33.00 target price on the stock, down from their previous target price of $49.00. Citigroup’s target price indicates a potential downside of 21.33% from the company’s current price.

A number of other equities research analysts have also issued reports on the company. UBS Group reduced their price target on Polaris from $67.00 to $48.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. DA Davidson dropped their price objective on Polaris from $69.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Morgan Stanley reiterated an “equal weight” rating and issued a $60.00 price objective (down previously from $81.00) on shares of Polaris in a report on Tuesday, January 21st. BMO Capital Markets dropped their price objective on Polaris from $60.00 to $50.00 and set a “market perform” rating on the stock in a report on Wednesday, January 29th. Finally, Truist Financial dropped their price objective on Polaris from $60.00 to $55.00 and set a “hold” rating on the stock in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $59.83.

Polaris Price Performance

PII opened at $41.95 on Thursday. The stock’s 50-day moving average price is $47.26 and its 200 day moving average price is $62.78. Polaris has a 12-month low of $39.29 and a 12-month high of $100.91. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 21.40, a PEG ratio of 13.95 and a beta of 1.54.

Polaris (NYSE:PII) last posted its earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. As a group, sell-side analysts expect that Polaris will post 1.11 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PII. Larson Financial Group LLC grew its stake in shares of Polaris by 386.5% in the 4th quarter. Larson Financial Group LLC now owns 506 shares of the company’s stock valued at $29,000 after purchasing an additional 402 shares during the last quarter. Twin Tree Management LP purchased a new position in shares of Polaris in the 4th quarter valued at approximately $29,000. Lindbrook Capital LLC grew its stake in shares of Polaris by 295.4% in the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock valued at $30,000 after purchasing an additional 387 shares during the last quarter. Quarry LP grew its stake in shares of Polaris by 187.4% in the 3rd quarter. Quarry LP now owns 388 shares of the company’s stock valued at $32,000 after purchasing an additional 253 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of 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 purchasing an additional 677 shares during the last quarter. 88.06% of the stock is currently owned by hedge funds and other 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.