BMO Capital Markets Reiterates “Market Perform” Rating for Polaris (NYSE:PII)

Polaris (NYSE:PII)‘s stock had its “market perform” rating restated by equities research analysts at BMO Capital Markets in a note issued to investors on Wednesday, Marketbeat reports. They presently have a $52.00 target price on the stock, up from their previous target price of $33.00. BMO Capital Markets’ price objective suggests a potential downside of 1.68% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Royal Bank Of Canada upped their price target on Polaris from $34.00 to $56.00 and gave the stock a “sector perform” rating in a report on Wednesday. Citigroup reiterated a “sell” rating and set a $27.00 target price (up from $23.00) on shares of Polaris in a research report on Monday, June 16th. Wall Street Zen cut Polaris from a “hold” rating to a “sell” rating in a research report on Thursday, May 8th. Robert W. Baird lifted their price target on Polaris from $46.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Baird R W cut shares of Polaris from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $48.33.

Polaris Stock Performance

NYSE:PII opened at $52.89 on Wednesday. The firm’s fifty day simple moving average is $44.31 and its 200-day simple moving average is $42.79. The company has a quick ratio of 0.37, a current ratio of 1.04 and a debt-to-equity ratio of 1.17. The stock has a market cap of $2.97 billion, a PE ratio of -28.13 and a beta of 1.05. Polaris has a fifty-two week low of $30.92 and a fifty-two week high of $87.83.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.35. Polaris had a negative net margin of 1.57% and a positive return on equity of 5.16%. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the firm earned $1.38 earnings per share. The firm’s revenue was down 5.5% on a year-over-year basis. Analysts expect that Polaris will post 1.11 earnings per share for the current fiscal year.

Institutional Trading of Polaris

Hedge funds have recently bought and sold shares of the company. UMB Bank n.a. increased its stake in shares of Polaris by 114.1% during the 1st quarter. UMB Bank n.a. now owns 805 shares of the company’s stock valued at $33,000 after acquiring an additional 429 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in Polaris in the first quarter valued at approximately $35,000. Fifth Third Bancorp grew its holdings in Polaris by 46.9% in the first quarter. Fifth Third Bancorp now owns 996 shares of the company’s stock valued at $41,000 after purchasing an additional 318 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in Polaris by 191.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,214 shares of the company’s stock worth $50,000 after purchasing an additional 797 shares during the last quarter. Finally, Allworth Financial LP raised its stake in Polaris by 7,462.5% during the first quarter. Allworth Financial LP now owns 1,210 shares of the company’s stock worth $50,000 after purchasing an additional 1,194 shares during the period. 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.