Polaris (NYSE:PII) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Polaris (NYSE:PII) had its price target hoisted by stock analysts at Morgan Stanley from $72.00 to $81.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 15.85% from the stock’s previous close.

Other analysts have also issued research reports about the stock. BMO Capital Markets reiterated a “market perform” rating and issued a $70.00 price objective on shares of Polaris in a research note on Wednesday, October 29th. Zacks Research downgraded Polaris from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. Royal Bank Of Canada boosted their price objective on Polaris from $56.00 to $67.00 and gave the company a “sector perform” rating in a report on Wednesday, October 29th. Robert W. Baird raised their target price on Polaris from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Finally, Roth Capital lifted their price target on Polaris from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $59.58.

Polaris Stock Down 1.2%

Shares of PII stock opened at $69.92 on Friday. Polaris has a fifty-two week low of $30.92 and a fifty-two week high of $75.25. The firm has a market capitalization of $3.93 billion, a PE ratio of -26.38, a P/E/G ratio of 2.29 and a beta of 1.14. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.36 and a current ratio of 1.02. The stock’s 50-day simple moving average is $66.87 and its 200-day simple moving average is $60.75.

Polaris (NYSE:PII) last issued its earnings results on Monday, October 27th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. Polaris had a positive return on equity of 3.89% and a negative net margin of 2.17%.The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the prior year, the firm earned $0.73 earnings per share. Polaris’s revenue for the quarter was up 6.9% on a year-over-year basis. Equities analysts expect that Polaris will post 1.11 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP James P. Williams sold 4,554 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $67.53, for a total value of $307,531.62. Following the completion of the sale, the senior vice president directly owned 43,878 shares in the company, valued at $2,963,081.34. The trade was a 9.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.12% of the company’s stock.

Institutional Investors Weigh In On Polaris

A number of institutional investors have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. acquired a new position in Polaris during the third quarter worth $26,000. Quent Capital LLC purchased a new stake in shares of Polaris during the third quarter worth about $37,000. Parkside Financial Bank & Trust increased its stake in shares of Polaris by 371.4% during the second quarter. Parkside Financial Bank & Trust now owns 693 shares of the company’s stock worth $28,000 after purchasing an additional 546 shares in the last quarter. EMC Capital Management acquired a new position in shares of Polaris during the 2nd quarter worth about $36,000. Finally, Geneos Wealth Management Inc. lifted its stake in Polaris by 213.5% in the 3rd quarter. Geneos Wealth Management Inc. now owns 928 shares of the company’s stock valued at $54,000 after buying an additional 632 shares in the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.

Polaris Company Profile

Polaris Inc, founded in 1954 and headquartered in Medina, Minnesota, is a diversified manufacturer of powersports vehicles and related products. Initially gaining prominence with its snowmobiles, Polaris expanded its portfolio over the decades to include all-terrain vehicles (ATVs), side-by-side off-road vehicles, and motorcycles. The company’s legacy in recreational and utility vehicle innovation stems from early engineering breakthroughs that established Polaris as a leading name in off-road mobility.

Today, Polaris offers a broad range of products under well-known brands such as Polaris RANGER and POLARIS SPORTSMAN for utility and recreation markets, Slingshot three-wheel roadsters for on-road enthusiasts, and the Indian Motorcycle brand for premium two-wheeled touring and cruiser segments.