Polaris (NYSE:PII) Given New $50.00 Price Target at BMO Capital Markets

Polaris (NYSE:PII) had its price objective lowered by BMO Capital Markets from $60.00 to $50.00 in a research note released on Wednesday,Benzinga reports. The firm currently has a market perform rating on the stock.

Several other research firms have also recently weighed in on PII. DA Davidson lowered their price objective on Polaris from $84.00 to $69.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Robert W. Baird reduced their target price on Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a report on Monday, December 30th. KeyCorp lowered Polaris from an “overweight” rating to a “sector weight” rating in a report on Wednesday, January 8th. Roth Mkm reduced their target price on Polaris from $76.00 to $57.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Finally, Truist Financial reduced their target price on Polaris from $60.00 to $55.00 and set a “hold” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Polaris currently has an average rating of “Hold” and a consensus price target of $68.64.

Polaris Stock Down 5.0 %

PII stock opened at $48.79 on Wednesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 6.05 and a beta of 1.53. The business’s fifty day moving average price is $59.80 and its two-hundred day moving average price is $72.30. Polaris has a fifty-two week low of $48.44 and a fifty-two week high of $100.91.

Polaris (NYSE:PII) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 earnings per share 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%. On average, equities analysts anticipate that Polaris will post 3.22 earnings per share for the current year.

Institutional Trading of Polaris

Several large investors have recently bought and sold shares of PII. Venturi Wealth Management LLC boosted its stake in Polaris by 534.5% in the third quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock valued at $29,000 after buying an additional 294 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Polaris by 2,431.3% during the third quarter. Blue Trust Inc. now owns 405 shares of the company’s stock valued at $32,000 after purchasing an additional 389 shares in the last quarter. Quarry LP boosted its stake in shares of Polaris by 187.4% during the third quarter. Quarry LP now owns 388 shares of the company’s stock valued at $32,000 after purchasing an additional 253 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Polaris by 232.6% during the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock valued at $56,000 after purchasing an additional 677 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in shares of Polaris by 19.9% during the third quarter. National Bank of Canada FI now owns 1,101 shares of the company’s stock valued at $92,000 after purchasing an additional 183 shares in the last quarter. 88.06% of the stock is owned by institutional investors and hedge funds.

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.