Polaris (NYSE:PII) Price Target Cut to $57.00 by Analysts at Roth Mkm

Polaris (NYSE:PII) had its price objective lowered by analysts at Roth Mkm from $76.00 to $57.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Roth Mkm’s target price indicates a potential upside of 4.60% from the company’s current price.

Other research analysts have also issued reports about the stock. Robert W. Baird dropped their price target on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a research report on Monday, December 30th. KeyCorp lowered shares of Polaris from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, January 8th. Citigroup lowered their price objective on shares of Polaris from $73.00 to $57.00 and set a “neutral” rating on the stock in a research report on Thursday. Truist Financial lowered their price objective on shares of Polaris from $76.00 to $60.00 and set a “hold” rating on the stock in a research report on Tuesday, January 7th. Finally, DA Davidson lowered their price objective on shares of Polaris from $84.00 to $69.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $73.45.

Polaris Stock Up 0.5 %

Shares of NYSE PII traded up $0.27 during mid-day trading on Friday, reaching $54.50. 350,669 shares of the company’s stock traded hands, compared to its average volume of 1,133,043. The stock has a market cap of $3.04 billion, a P/E ratio of 15.22, a PEG ratio of 6.05 and a beta of 1.53. The business has a 50-day simple moving average of $60.88 and a 200 day simple moving average of $73.01. Polaris has a 1-year low of $52.62 and a 1-year high of $100.91. 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 released its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). Polaris had a net margin of 2.64% and a return on equity of 17.92%. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the previous year, the business earned $2.71 earnings per share. The firm’s revenue for the quarter was down 23.4% on a year-over-year basis. On average, analysts expect that Polaris will post 3.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Polaris

Several hedge funds have recently bought and sold shares of PII. Charles Schwab Investment Management Inc. grew its stake in Polaris by 44.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company’s stock valued at $46,232,000 after acquiring an additional 171,366 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Polaris in the 3rd quarter worth approximately $12,670,000. Weiss Asset Management LP bought a new stake in shares of Polaris in the 3rd quarter worth approximately $10,844,000. Dimensional Fund Advisors LP lifted its holdings in shares of Polaris by 10.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock worth $76,994,000 after acquiring an additional 96,194 shares during the last quarter. Finally, Kiltearn Partners LLP lifted its holdings in shares of 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 acquiring an additional 92,300 shares during the last quarter. 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.