KeyCorp Lowers Polaris (NYSE:PII) Price Target to $80.00

Polaris (NYSE:PII) had its target price dropped by investment analysts at KeyCorp from $90.00 to $80.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price objective points to a potential upside of 11.14% from the company’s current price.

PII has been the subject of a number of other research reports. DA Davidson raised shares of Polaris from a “neutral” rating to a “buy” rating and set a $87.00 target price for the company in a report on Thursday, July 25th. Roth Mkm dropped their price objective on shares of Polaris from $92.00 to $79.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Longbow Research reissued a “neutral” rating on shares of Polaris in a research note on Wednesday, July 24th. Royal Bank of Canada dropped their price target on Polaris from $97.00 to $82.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 24th. Finally, BMO Capital Markets reduced their price objective on Polaris from $90.00 to $75.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 24th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $88.18.

Polaris Stock Down 0.3 %

PII stock opened at $71.98 on Wednesday. The stock has a market capitalization of $4.01 billion, a P/E ratio of 12.61, a P/E/G ratio of 7.59 and a beta of 1.51. Polaris has a 52 week low of $71.18 and a 52 week high of $100.91. The firm has a 50-day simple moving average of $82.25 and a 200-day simple moving average of $82.12. The company has a quick ratio of 0.40, a current ratio of 1.42 and a debt-to-equity ratio of 1.56.

Polaris (NYSE:PII) last announced its 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). The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.77 billion. Polaris had a net margin of 3.98% and a return on equity of 26.38%. Polaris’s revenue was down 23.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.71 EPS. Equities analysts forecast that Polaris will post 3.66 earnings per share for the current fiscal year.

Institutional Trading of Polaris

A number of large investors have recently made changes to their positions in the company. New England Capital Financial Advisors LLC purchased a new position in Polaris in the first quarter worth approximately $25,000. Blue Trust Inc. raised its position in shares of Polaris by 2,431.3% during the 3rd quarter. Blue Trust Inc. now owns 405 shares of the company’s stock worth $32,000 after acquiring an additional 389 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Polaris by 174.1% in the 1st quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock valued at $37,000 after buying an additional 235 shares in the last quarter. Signaturefd LLC raised its stake in Polaris by 1,931.3% during the 2nd quarter. Signaturefd LLC now owns 650 shares of the company’s stock worth $51,000 after acquiring an additional 618 shares in the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new position in Polaris in the second quarter valued at $57,000. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

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.