Robert W. Baird Has Lowered Expectations for Polaris (NYSE:PII) Stock Price

Polaris (NYSE:PII) had its price target lowered by stock analysts at Robert W. Baird from $84.00 to $72.00 in a report released on Monday,Briefing.com Automated Import reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s target price suggests a potential upside of 25.37% from the stock’s current price.

Other research analysts have also issued reports about the company. Royal Bank of Canada decreased their price objective on Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 23rd. KeyCorp decreased their price target on shares of Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. StockNews.com cut shares of Polaris from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Finally, DA Davidson decreased their target price on shares of Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $86.00.

Polaris Stock Performance

NYSE PII opened at $57.43 on Monday. The stock has a market cap of $3.20 billion, a PE ratio of 16.04, a P/E/G ratio of 6.59 and a beta of 1.51. 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 firm has a 50-day moving average of $66.47 and a 200-day moving average of $75.78. Polaris has a 52-week low of $55.55 and a 52-week high of $100.91.

Polaris (NYSE:PII) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.15). Polaris had a return on equity of 17.92% and a net margin of 2.64%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the business earned $2.71 earnings per share. The company’s revenue was down 23.4% on a year-over-year basis. On average, sell-side analysts anticipate that Polaris will post 3.22 EPS for the current year.

Hedge Funds Weigh In On Polaris

Institutional investors have recently modified their holdings of the business. Franklin Resources Inc. raised its stake in Polaris by 12.2% during the third quarter. Franklin Resources Inc. now owns 169,004 shares of the company’s stock worth $13,745,000 after acquiring an additional 18,418 shares in the last quarter. Virtu Financial LLC acquired a new position in Polaris during the 3rd quarter worth approximately $535,000. Toronto Dominion Bank lifted its stake in Polaris by 2.9% in the 3rd quarter. Toronto Dominion Bank now owns 16,484 shares of the company’s stock valued at $1,372,000 after purchasing an additional 465 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in Polaris in the third quarter valued at approximately $516,000. Finally, M&T Bank Corp grew its stake in shares of Polaris by 10.9% during the third quarter. M&T Bank Corp now owns 3,141 shares of the company’s stock worth $261,000 after buying an additional 309 shares during the last quarter. Institutional investors and hedge funds 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.