Polaris (NYSE:PII – Get Free Report) had its target price lowered by analysts at Citigroup from $57.00 to $53.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s target price would suggest a potential upside of 3.39% from the company’s current price.
A number of other analysts have also recently weighed in on PII. KeyCorp cut shares of Polaris from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, January 8th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $60.00 target price (down previously from $81.00) on shares of Polaris in a research report on Tuesday, January 21st. Roth Mkm dropped their target price on Polaris from $76.00 to $57.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Truist Financial decreased their price target on Polaris from $76.00 to $60.00 and set a “hold” rating for the company in a report on Tuesday, January 7th. Finally, StockNews.com lowered shares of Polaris from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $73.09.
Read Our Latest Research Report on PII
Polaris Stock Performance
Polaris (NYSE:PII – Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. Polaris had a net margin of 2.64% and a return on equity of 17.92%. As a group, research analysts forecast that Polaris will post 3.22 earnings per share for the current year.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC increased its position in shares of Polaris by 534.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock worth $29,000 after purchasing an additional 294 shares during the last quarter. Blue Trust Inc. grew its stake in Polaris by 2,431.3% in the third quarter. Blue Trust Inc. now owns 405 shares of the company’s stock worth $32,000 after purchasing an additional 389 shares in the last quarter. Quarry LP increased its holdings in Polaris by 187.4% in the third quarter. Quarry LP now owns 388 shares of the company’s stock valued at $32,000 after buying an additional 253 shares during the last quarter. GAMMA Investing LLC raised its stake in Polaris by 232.6% during the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock valued at $56,000 after buying an additional 677 shares in the last quarter. Finally, National Bank of Canada FI lifted its holdings in Polaris by 19.9% during the 3rd quarter. National Bank of Canada FI now owns 1,101 shares of the company’s stock worth $92,000 after buying an additional 183 shares during the last quarter. 88.06% of the stock is currently owned by 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.
Featured Articles
- Five stocks we like better than Polaris
- Stock Market Sectors: What Are They and How Many Are There?
- Why Salesforce Stock Could Be at Fresh Highs by February
- What is the FTSE 100 index?
- Talos Energy: Time to Take a Plunge Ahead of New CEO Appointment?
- Energy and Oil Stocks Explained
- Oklo’s Fuel Partnership Strengthens Bullish Case for Stock
Receive News & Ratings for Polaris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris and related companies with MarketBeat.com's FREE daily email newsletter.