Robert W. Baird Trims Polaris (NYSE:PII) Target Price to $95.00

Polaris (NYSE:PIIGet Free Report) had its price objective dropped by equities researchers at Robert W. Baird from $100.00 to $95.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price objective suggests a potential upside of 25.55% from the company’s previous close.

Other research analysts have also issued reports about the company. Bank of America started coverage on Polaris in a report on Wednesday, April 3rd. They issued a “neutral” rating and a $110.00 price objective on the stock. Royal Bank of Canada lowered their price target on shares of Polaris from $103.00 to $97.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 24th. Citigroup cut their price objective on shares of Polaris from $100.00 to $96.00 and set a “neutral” rating for the company in a report on Wednesday, April 24th. Truist Financial decreased their target price on shares of Polaris from $96.00 to $92.00 and set a “hold” rating on the stock in a research report on Wednesday, April 24th. Finally, Longbow Research upgraded shares of Polaris from a “neutral” rating to a “buy” rating and set a $120.00 price target for the company in a research report on Monday, April 8th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Polaris presently has a consensus rating of “Hold” and an average price target of $99.36.

Get Our Latest Stock Analysis on Polaris

Polaris Stock Performance

NYSE PII opened at $75.67 on Wednesday. The stock has a market cap of $4.28 billion, a PE ratio of 11.10, a P/E/G ratio of 2.62 and a beta of 1.53. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.42 and a current ratio of 1.47. The firm has a 50-day moving average of $81.20 and a 200-day moving average of $88.33. Polaris has a 52-week low of $74.25 and a 52-week high of $138.49.

Polaris (NYSE:PIIGet Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.17. Polaris had a net margin of 4.63% and a return on equity of 31.39%. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same period last year, the business posted $2.05 earnings per share. The business’s revenue for the quarter was down 20.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Polaris will post 8.01 EPS for the current year.

Hedge Funds Weigh In On Polaris

Several hedge funds and other institutional investors have recently modified their holdings of the business. Lantz Financial LLC lifted its position in shares of Polaris by 0.8% during the 1st quarter. Lantz Financial LLC now owns 14,784 shares of the company’s stock worth $1,480,000 after buying an additional 114 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of Polaris by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 23,679 shares of the company’s stock worth $2,466,000 after acquiring an additional 120 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of Polaris by 3.3% in the 1st quarter. Fifth Third Bancorp now owns 3,770 shares of the company’s stock valued at $377,000 after purchasing an additional 122 shares in the last quarter. New York Life Investment Management LLC grew its holdings in shares of Polaris by 2.8% during the 4th quarter. New York Life Investment Management LLC now owns 6,088 shares of the company’s stock valued at $577,000 after purchasing an additional 167 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in Polaris by 14.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,331 shares of the company’s stock worth $133,000 after purchasing an additional 169 shares in the last quarter. Institutional investors own 88.06% of the company’s stock.

About Polaris

(Get Free Report)

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.

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