Polaris (NYSE:PII) PT Lowered to $82.00 at Truist Financial

Polaris (NYSE:PIIGet Free Report) had its target price cut by equities researchers at Truist Financial from $92.00 to $82.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s price target indicates a potential upside of 11.34% from the stock’s previous close.

PII has been the subject of several other research reports. DA Davidson decreased their price target on shares of Polaris from $80.00 to $75.00 and set a “neutral” rating for the company in a report on Tuesday, July 2nd. Longbow Research upgraded Polaris from a “neutral” rating to a “buy” rating and set a $120.00 price target for the company in a report on Monday, April 8th. Citigroup dropped their price objective on shares of Polaris from $100.00 to $96.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Royal Bank of Canada reduced their target price on shares of Polaris from $103.00 to $97.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 24th. Finally, Bank of America began coverage on Polaris in a research note on Wednesday, April 3rd. They issued a “neutral” rating and a $110.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $98.45.

Get Our Latest Stock Report on PII

Polaris Trading Down 1.7 %

NYSE PII opened at $73.65 on Monday. Polaris has a 12 month low of $73.29 and a 12 month high of $138.49. The stock has a 50-day simple moving average of $80.54 and a 200 day simple moving average of $87.86. The company has a current ratio of 1.47, a quick ratio of 0.42 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $4.16 billion, a PE ratio of 10.80, a P/E/G ratio of 2.56 and a beta of 1.53.

Polaris (NYSE:PIIGet Free Report) last posted its earnings results 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. The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.75 billion. Polaris had a return on equity of 31.39% and a net margin of 4.63%. The company’s revenue for the quarter was down 20.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.05 EPS. Research analysts forecast that Polaris will post 7.73 EPS for the current year.

Hedge Funds Weigh In On Polaris

Several institutional investors and hedge funds have recently modified their holdings of the stock. Confluence Investment Management LLC bought a new stake in shares of Polaris during the 1st quarter worth about $108,890,000. Verity & Verity LLC acquired a new stake in Polaris during the first quarter worth approximately $37,000. LSV Asset Management lifted its position in Polaris by 190.3% during the fourth quarter. LSV Asset Management now owns 261,872 shares of the company’s stock worth $24,818,000 after acquiring an additional 171,672 shares during the last quarter. Capital World Investors boosted its holdings in shares of Polaris by 2.4% during the fourth quarter. Capital World Investors now owns 6,757,911 shares of the company’s stock worth $640,447,000 after acquiring an additional 160,918 shares during the period. Finally, Norges Bank acquired a new position in shares of Polaris in the fourth quarter valued at approximately $12,168,000. 88.06% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Polaris (NYSE:PII)

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