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

Polaris (NYSE:PII) had its price target dropped by analysts at Truist Financial from $60.00 to $55.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the stock. Truist Financial’s price target would indicate a potential upside of 12.36% from the stock’s current price.

PII has been the topic of a number of other research reports. Roth Mkm dropped their target price 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. Royal Bank of Canada dropped their price objective on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 23rd. Robert W. Baird reduced their target price on Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a research note on Monday, December 30th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $60.00 target price (down from $81.00) on shares of Polaris in a research report on Tuesday, January 21st. Finally, KeyCorp lowered Polaris from an “overweight” rating to a “sector weight” rating in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Polaris has a consensus rating of “Hold” and a consensus target price of $67.82.

Polaris Stock Performance

NYSE:PII opened at $48.95 on Wednesday. The stock’s 50-day moving average is $59.44 and its 200-day moving average is $72.14. The stock has a market cap of $2.73 billion, a P/E ratio of 13.67, a price-to-earnings-growth ratio of 6.05 and a beta of 1.53. Polaris has a 1-year low of $48.44 and a 1-year high of $100.91. The company has a current ratio of 1.21, a quick ratio of 0.32 and a debt-to-equity ratio of 1.28.

Polaris (NYSE:PII) last announced 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 17.92% and a net margin of 2.64%. Equities research analysts anticipate that Polaris will post 3.22 earnings per share for the current year.

Institutional Trading of Polaris

Hedge funds have recently made changes to their positions in the company. National Bank of Canada FI lifted its holdings in Polaris by 19.9% in the third quarter. National Bank of Canada FI now owns 1,101 shares of the company’s stock worth $92,000 after buying an additional 183 shares during the period. Nordea Investment Management AB raised its position in shares of Polaris by 0.6% in the 4th quarter. Nordea Investment Management AB now owns 28,811 shares of the company’s stock worth $1,676,000 after acquiring an additional 183 shares in the last quarter. Quarry LP raised its position in shares of Polaris by 187.4% in the 3rd quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after acquiring an additional 253 shares in the last quarter. Claro Advisors LLC lifted its stake in shares of Polaris by 3.3% in the 3rd quarter. Claro Advisors LLC now owns 7,881 shares of the company’s stock valued at $656,000 after purchasing an additional 254 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in shares of Polaris by 7.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 3,601 shares of the company’s stock valued at $208,000 after purchasing an additional 263 shares in the last quarter. 88.06% of the stock is currently 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.