Polaris (NYSE:PII) Downgraded by StockNews.com

Polaris (NYSE:PII) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

A number of other equities analysts also recently commented on PII. BMO Capital Markets decreased their target price on Polaris from $90.00 to $75.00 and set a “market perform” rating for the company in a report on Wednesday, July 24th. Robert W. Baird reduced their price target on shares of Polaris from $85.00 to $84.00 and set an “outperform” rating for the company in a research report on Wednesday. Bank of America reduced their target price on Polaris from $86.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Roth Mkm decreased their target price on Polaris from $92.00 to $79.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Finally, Royal Bank of Canada dropped their price target on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $87.36.

Polaris Price Performance

NYSE:PII traded down $2.54 during trading hours on Wednesday, hitting $69.68. The stock had a trading volume of 1,497,154 shares, compared to its average volume of 731,341. The company has a 50 day simple moving average of $82.04 and a two-hundred day simple moving average of $82.04. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 10.22, a P/E/G ratio of 7.59 and a beta of 1.51. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.42 and a quick ratio of 0.40. Polaris has a one year low of $69.36 and a one year high of $100.91.

Polaris (NYSE:PII) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.15). The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Polaris had a net margin of 3.98% and a return on equity of 26.38%. The business’s revenue was down 23.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.71 EPS. Research analysts forecast that Polaris will post 3.66 earnings per share for the current fiscal year.

Institutional Trading of Polaris

Large investors have recently modified their holdings of the stock. Ballentine Partners LLC lifted its holdings in Polaris by 22.3% in the third quarter. Ballentine Partners LLC now owns 3,664 shares of the company’s stock valued at $305,000 after acquiring an additional 668 shares during the period. Hennion & Walsh Asset Management Inc. purchased a new position in Polaris in the 3rd quarter worth approximately $279,000. International Assets Investment Management LLC increased its position in shares of Polaris by 1,309.5% during the third quarter. International Assets Investment Management LLC now owns 14,151 shares of the company’s stock worth $1,178,000 after acquiring an additional 13,147 shares during the last quarter. Calton & Associates Inc. acquired a new stake in Polaris in the third quarter valued at $366,000. Finally, Blue Trust Inc. raised its stake in 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 buying an additional 389 shares in the last quarter. Hedge funds and other 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.