BMO Capital Markets Lowers Polaris (NYSE:PII) Price Target to $50.00

Polaris (NYSE:PII) had its price objective decreased by equities researchers at BMO Capital Markets from $60.00 to $50.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 2.15% from the company’s current price.

Other equities analysts have also issued reports about the company. Citigroup decreased their price objective on Polaris from $57.00 to $53.00 and set a “neutral” rating for the company in a report on Wednesday. KeyCorp cut Polaris from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, January 8th. Royal Bank of Canada cut their price objective on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 23rd. Roth Mkm decreased their target price on shares of Polaris from $76.00 to $57.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Finally, Morgan Stanley restated 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. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $67.82.

Polaris Stock Performance

PII stock opened at $48.95 on Wednesday. Polaris has a 1 year low of $48.44 and a 1 year high of $100.91. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 6.05 and a beta of 1.53. 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’s fifty day moving average is $59.44 and its two-hundred day moving average is $72.14.

Polaris (NYSE:PII) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, beating 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%. On average, research analysts predict that Polaris will post 3.22 EPS for the current year.

Institutional Investors Weigh In On Polaris

Several large investors have recently modified their holdings of PII. Kiltearn Partners LLP increased its stake in Polaris by 147.9% in the 3rd quarter. Kiltearn Partners LLP now owns 154,700 shares of the company’s stock worth $12,877,000 after purchasing an additional 92,300 shares in the last quarter. FMR LLC increased its position in shares of Polaris by 22.0% in the third quarter. FMR LLC now owns 133,665 shares of the company’s stock worth $11,126,000 after acquiring an additional 24,103 shares in the last quarter. Quantinno Capital Management LP raised its holdings in shares of Polaris by 545.1% during the third quarter. Quantinno Capital Management LP now owns 26,803 shares of the company’s stock valued at $2,231,000 after acquiring an additional 22,648 shares during the period. Victory Capital Management Inc. lifted its position in shares of Polaris by 167.1% in the 3rd quarter. Victory Capital Management Inc. now owns 43,762 shares of the company’s stock valued at $3,643,000 after acquiring an additional 27,375 shares in the last quarter. Finally, Benjamin Edwards Inc. boosted its stake in Polaris by 8,867.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 63,938 shares of the company’s stock worth $5,322,000 after purchasing an additional 63,225 shares during the period. 88.06% of the stock is 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.