Polaris (NYSE:PII) Downgraded to “Sell” Rating by StockNews.com

Polaris (NYSE:PII) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

Several other equities analysts have also issued reports on PII. DA Davidson decreased their price target on shares of Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Royal Bank of Canada decreased their target price on Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 23rd. KeyCorp cut their price objective on Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Longbow Research restated a “neutral” rating on shares of Polaris in a report on Wednesday, July 24th. Finally, Roth Mkm reduced their price target on shares of Polaris from $92.00 to $79.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Polaris currently has an average rating of “Hold” and a consensus target price of $87.09.

Polaris Stock Down 1.3 %

Shares of Polaris stock opened at $65.81 on Wednesday. The business has a fifty day simple moving average of $76.96 and a 200 day simple moving average of $79.54. The stock has a market cap of $3.67 billion, a PE ratio of 18.38, a price-to-earnings-growth ratio of 6.98 and a beta of 1.52. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28. Polaris has a 12 month low of $65.57 and a 12 month high of $100.91.

Polaris (NYSE:PII) last announced 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). The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.77 billion. Polaris had a net margin of 2.64% and a return on equity of 17.92%. The business’s revenue was down 23.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.71 earnings per share. Research analysts predict that Polaris will post 3.22 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. grew its stake in shares of Polaris by 311.6% in the second quarter. American Century Companies Inc. now owns 387,012 shares of the company’s stock valued at $30,307,000 after buying an additional 292,992 shares in the last quarter. Eubel Brady & Suttman Asset Management Inc. acquired a new position in shares of Polaris during the 2nd quarter worth about $15,363,000. RWWM Inc. raised its holdings in shares of Polaris by 192.3% in the 2nd quarter. RWWM Inc. now owns 272,452 shares of the company’s stock valued at $21,334,000 after purchasing an additional 179,244 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Polaris by 44.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company’s stock valued at $46,232,000 after purchasing an additional 171,366 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in Polaris during the third quarter worth about $12,670,000. 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.