Polaris (NYSE:PII) Given New $138.00 Price Target at BMO Capital Markets

Polaris (NYSE:PIIGet Rating) had its price target reduced by research analysts at BMO Capital Markets from $165.00 to $138.00 in a report released on Wednesday, The Fly reports. BMO Capital Markets’ target price suggests a potential upside of 40.12% from the stock’s previous close.

A number of other equities analysts have also weighed in on the stock. Raymond James decreased their price target on shares of Polaris from $149.00 to $131.00 in a report on Wednesday. Truist Financial reduced their target price on shares of Polaris from $125.00 to $120.00 in a report on Wednesday, January 26th. StockNews.com started coverage on shares of Polaris in a report on Thursday, March 31st. They set a “hold” rating on the stock. Citigroup reduced their target price on shares of Polaris from $145.00 to $139.00 and set a “buy” rating on the stock in a report on Tuesday, April 19th. Finally, Morgan Stanley reduced their target price on shares of Polaris from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday, January 26th. Two analysts have rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Polaris has a consensus rating of “Hold” and an average target price of $132.38.

Shares of PII opened at $98.49 on Wednesday. The firm has a market cap of $5.86 billion, a PE ratio of 12.51 and a beta of 1.63. The company’s fifty day moving average is $110.36 and its two-hundred day moving average is $114.33. Polaris has a fifty-two week low of $96.30 and a fifty-two week high of $145.79. The company has a quick ratio of 0.41, a current ratio of 1.15 and a debt-to-equity ratio of 1.02.

Polaris (NYSE:PIIGet Rating) last announced its quarterly earnings results on Tuesday, April 26th. The company reported $1.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.77 by ($0.48). The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $2.11 billion. Polaris had a net margin of 6.02% and a return on equity of 49.54%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter last year, the business earned $2.30 EPS. As a group, equities research analysts anticipate that Polaris will post 10.27 earnings per share for the current year.

In other news, SVP Dougherty Lucy Clark sold 4,257 shares of the business’s stock in a transaction dated Wednesday, February 16th. The shares were sold at an average price of $125.00, for a total value of $532,125.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.20% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PII. Dimensional Fund Advisors LP grew its position in shares of Polaris by 4.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 545,190 shares of the company’s stock valued at $65,251,000 after buying an additional 21,401 shares during the last quarter. Bank of New Hampshire grew its position in shares of Polaris by 58.2% during the 4th quarter. Bank of New Hampshire now owns 15,034 shares of the company’s stock valued at $1,653,000 after buying an additional 5,530 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of Polaris during the 4th quarter valued at about $1,255,000. Oppenheimer & Co. Inc. grew its position in shares of Polaris by 9.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 2,583 shares of the company’s stock valued at $284,000 after buying an additional 228 shares during the last quarter. Finally, National Bank of Canada FI bought a new stake in shares of Polaris during the 4th quarter valued at about $77,000. 85.77% of the stock is owned by institutional investors.

About Polaris (Get Rating)

Polaris Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates through six segments: ORV, Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bikes conversion kit systems; motorcycles; and low emission, light duty hauling, passenger, and industrial vehicles.

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