Polaris (NYSE:PII) Given New $53.00 Price Target at Citigroup

Polaris (NYSE:PII) had its price target trimmed by Citigroup from $57.00 to $53.00 in a research report report published on Wednesday,Benzinga reports. The firm currently has a neutral rating on the stock.

PII has been the subject of several other research reports. Roth Mkm lowered their price target on shares of Polaris from $76.00 to $57.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. DA Davidson dropped their target price on shares of Polaris from $84.00 to $69.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Royal Bank of Canada decreased their price objective on Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 23rd. Morgan Stanley reissued an “equal weight” rating and issued a $60.00 target price (down previously from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. Finally, Truist Financial reduced their price objective on shares of Polaris from $76.00 to $60.00 and set a “hold” rating on the stock in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Polaris presently has a consensus rating of “Hold” and an average price target of $68.64.

Polaris Stock Performance

PII stock opened at $48.79 on Wednesday. The company has a 50 day moving average price of $59.80 and a 200 day moving average price of $72.30. Polaris has a fifty-two week low of $48.44 and a fifty-two week high of $100.91. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32. The stock has a market capitalization of $2.72 billion, a PE ratio of 13.63, a price-to-earnings-growth ratio of 6.05 and a beta of 1.53.

Polaris (NYSE:PII) last released its earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Polaris had a return on equity of 17.92% and a net margin of 2.64%. Analysts forecast that Polaris will post 3.22 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Venturi Wealth Management LLC lifted its stake in Polaris by 534.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock valued at $29,000 after acquiring an additional 294 shares in the last quarter. Blue Trust Inc. lifted its position in shares of 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 grew its position 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 purchasing an additional 253 shares in the last quarter. GAMMA Investing LLC increased its stake in Polaris by 232.6% in the 4th quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock valued at $56,000 after buying an additional 677 shares during the last quarter. Finally, National Bank of Canada FI lifted its position 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 in the last quarter. 88.06% of the stock is owned by institutional investors and hedge funds.

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.