DA Davidson Has Lowered Expectations for Polaris (NYSE:PII) Stock Price

Polaris (NYSE:PII) had its target price dropped by investment analysts at DA Davidson from $84.00 to $69.00 in a report released on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s price objective would indicate a potential upside of 24.38% from the company’s previous close.

PII has been the topic of a number of other reports. KeyCorp downgraded shares of Polaris from an “overweight” rating to a “sector weight” rating in a report on Wednesday, January 8th. Robert W. Baird dropped their target price on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a report on Monday, December 30th. StockNews.com downgraded shares of Polaris from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. Royal Bank of Canada dropped their target price on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 23rd. Finally, Truist Financial dropped their target price on shares of Polaris from $76.00 to $60.00 and set a “hold” rating on the stock in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $82.64.

Polaris Price Performance

Shares of PII stock traded down $1.77 during midday trading on Friday, reaching $55.48. 962,513 shares of the company were exchanged, compared to its average volume of 1,027,416. Polaris has a 12 month low of $52.77 and a 12 month high of $100.91. The company has a market cap of $3.09 billion, a P/E ratio of 15.51, a PEG ratio of 4.84 and a beta of 1.53. The company’s 50 day moving average price is $62.17 and its two-hundred day moving average price is $73.72. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.32 and a current ratio of 1.21.

Polaris (NYSE:PII) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). Polaris had a return on equity of 17.92% and a net margin of 2.64%. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the firm posted $2.71 earnings per share. The firm’s quarterly revenue was down 23.4% compared to the same quarter last year. On average, sell-side analysts expect that Polaris will post 3.22 earnings per share for the current year.

Institutional Trading of Polaris

Several large investors have recently added to or reduced their stakes in PII. Janney Montgomery Scott LLC grew its holdings in shares of Polaris by 7.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 3,601 shares of the company’s stock worth $208,000 after purchasing an additional 263 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Polaris in the 4th quarter worth about $300,000. Mitchell & Pahl Private Wealth LLC grew its holdings in shares of Polaris by 10.6% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 10,359 shares of the company’s stock worth $597,000 after purchasing an additional 989 shares during the last quarter. Gateway Investment Advisers LLC grew its holdings in shares of Polaris by 7.6% in the 4th quarter. Gateway Investment Advisers LLC now owns 8,351 shares of the company’s stock worth $481,000 after purchasing an additional 588 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of Polaris by 25.9% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,212 shares of the company’s stock worth $243,000 after purchasing an additional 866 shares during the last quarter. 88.06% of the stock is owned by institutional investors.

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.