Polaris (NYSE:PII) Stock Rating Upgraded by StockNews.com

Polaris (NYSE:PII) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Several other equities analysts have also recently issued reports on the company. Citigroup decreased their price target on Polaris from $100.00 to $96.00 and set a “neutral” rating on the stock in a report on Wednesday. DA Davidson reiterated a “neutral” rating and issued a $80.00 price target on shares of Polaris in a report on Tuesday, March 5th. Royal Bank of Canada decreased their price target on Polaris from $103.00 to $97.00 and set a “sector perform” rating on the stock in a report on Wednesday. Morgan Stanley upgraded Polaris from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $103.00 to $113.00 in a report on Wednesday, January 17th. Finally, KeyCorp decreased their price target on Polaris from $115.00 to $105.00 and set an “overweight” rating on the stock in a report on Friday, January 12th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $100.27.

Polaris Stock Performance

Shares of NYSE:PII opened at $83.36 on Wednesday. Polaris has a twelve month low of $82.00 and a twelve month high of $138.49. The firm has a market cap of $4.71 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 2.35 and a beta of 1.60. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.46 and a current ratio of 1.47. The business has a fifty day moving average of $92.75 and a 200-day moving average of $91.57.

Polaris (NYSE:PII) last announced its earnings results on Tuesday, April 23rd. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.17. Polaris had a return on equity of 31.39% and a net margin of 4.63%. The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same period last year, the company posted $2.05 earnings per share. The firm’s quarterly revenue was down 20.3% compared to the same quarter last year. On average, equities research analysts predict that Polaris will post 7.97 EPS for the current fiscal year.

Hedge Funds Weigh In On Polaris

Several institutional investors have recently modified their holdings of the business. Lantz Financial LLC lifted its holdings in shares of Polaris by 0.8% during the 1st quarter. Lantz Financial LLC now owns 14,784 shares of the company’s stock valued at $1,480,000 after purchasing an additional 114 shares in the last quarter. Treasurer of the State of North Carolina raised its position in Polaris by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 23,679 shares of the company’s stock valued at $2,466,000 after buying an additional 120 shares during the last quarter. Fifth Third Bancorp raised its position in Polaris by 3.3% in the 1st quarter. Fifth Third Bancorp now owns 3,770 shares of the company’s stock valued at $377,000 after buying an additional 122 shares during the last quarter. Security National Bank of SO Dak raised its position in Polaris by 1.5% in the 3rd quarter. Security National Bank of SO Dak now owns 8,730 shares of the company’s stock valued at $909,000 after buying an additional 130 shares during the last quarter. Finally, Miracle Mile Advisors LLC raised its position in Polaris by 5.4% in the 3rd quarter. Miracle Mile Advisors LLC now owns 2,735 shares of the company’s stock valued at $285,000 after buying an additional 139 shares during the last quarter. Institutional investors own 88.06% of the company’s stock.

About Polaris

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.