Wells Fargo & Company Forecasts Strong Price Appreciation for Polaris (NYSE:PII) Stock

Polaris (NYSE:PII) had its price objective boosted by stock analysts at Wells Fargo & Company from $60.00 to $65.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential downside of 1.33% from the stock’s previous close.

Several other equities research analysts have also commented on the company. Roth Capital restated a “neutral” rating on shares of Polaris in a research note on Wednesday, April 29th. Weiss Ratings restated a “sell (d)” rating on shares of Polaris in a research report on Tuesday. Zacks Research cut Polaris from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Robert W. Baird boosted their price objective on Polaris from $67.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Polaris in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $65.00.

Polaris Stock Performance

Shares of NYSE PII opened at $65.88 on Friday. The firm has a 50 day moving average of $67.49 and a 200 day moving average of $63.78. The company has a current ratio of 1.21, a quick ratio of 0.48 and a debt-to-equity ratio of 2.72. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of -8.40 and a beta of 1.25. Polaris has a 12-month low of $46.03 and a 12-month high of $75.25.

Polaris (NYSE:PII) last released its quarterly earnings results on Monday, April 27th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of ($0.43) by $0.56. Polaris had a negative net margin of 6.13% and a positive return on equity of 5.91%. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same period last year, the firm earned ($0.90) earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. On average, research analysts anticipate that Polaris will post 1.76 earnings per share for the current year.

Institutional Trading of Polaris

Several institutional investors and hedge funds have recently added to or reduced their stakes in PII. Kemnay Advisory Services Inc. purchased a new position in Polaris in the 4th quarter worth approximately $27,000. Danske Bank A S grew its holdings in Polaris by 150.0% during the 4th quarter. Danske Bank A S now owns 500 shares of the company’s stock valued at $32,000 after buying an additional 300 shares in the last quarter. Elevation Wealth Partners LLC raised its position in shares of Polaris by 471.0% during the second quarter. Elevation Wealth Partners LLC now owns 571 shares of the company’s stock valued at $39,000 after buying an additional 471 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Polaris in the fourth quarter worth $40,000. Finally, Bard Associates Inc. purchased a new position in shares of Polaris in the fourth quarter worth $46,000. Institutional investors own 88.06% of the company’s stock.

About Polaris

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.