Bank of America Issues Pessimistic Forecast for Polaris (NYSE:PII) Stock Price

Polaris (NYSE:PII) had its target price cut by equities researchers at Bank of America from $55.00 to $45.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Bank of America‘s price objective would indicate a potential upside of 5.73% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. UBS Group lowered their price objective on Polaris from $67.00 to $48.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Royal Bank of Canada lowered their price target on Polaris from $65.00 to $54.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 29th. Robert W. Baird dropped their price target on Polaris from $64.00 to $56.00 and set an “outperform” rating for the company in a research report on Monday. Roth Mkm decreased their price objective 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. Finally, BMO Capital Markets dropped their target price on shares of Polaris from $60.00 to $50.00 and set a “market perform” rating for the company in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $61.50.

Polaris Stock Down 3.3 %

Shares of NYSE PII opened at $42.56 on Monday. The business has a 50-day simple moving average of $48.03 and a two-hundred day simple moving average of $63.37. Polaris has a 52 week low of $39.79 and a 52 week high of $100.91. The company has a market cap of $2.39 billion, a P/E ratio of 21.71, a P/E/G ratio of 13.95 and a beta of 1.54. The company has a quick ratio of 0.39, a current ratio of 1.15 and a debt-to-equity ratio of 1.27.

Polaris (NYSE:PII) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%. Research analysts anticipate that Polaris will post 1.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Polaris

Several institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP lifted its stake in Polaris by 187.4% in the third quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after purchasing an additional 253 shares during the last quarter. Twin Tree Management LP bought a new stake in shares of Polaris in the 4th quarter valued at about $29,000. Larson Financial Group LLC lifted its stake in shares of Polaris by 386.5% in the 4th quarter. Larson Financial Group LLC now owns 506 shares of the company’s stock valued at $29,000 after acquiring an additional 402 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in Polaris by 295.4% during the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock valued at $30,000 after acquiring an additional 387 shares during the period. Finally, GAMMA Investing LLC grew its position in Polaris by 232.6% during the 4th quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock worth $56,000 after acquiring an additional 677 shares during the last quarter. Institutional investors 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.