Polaris (NYSE:PII) Downgraded by Citigroup to Sell

Polaris (NYSE:PII) was downgraded by research analysts at Citigroup from a “neutral” rating to a “sell” rating in a note issued to investors on Thursday, Marketbeat Ratings reports. They currently have a $33.00 price objective on the stock, down from their previous price objective of $49.00. Citigroup’s price target would suggest a potential downside of 22.46% from the stock’s previous close.

A number of other brokerages have also recently weighed in on PII. Truist Financial dropped their target price on shares of Polaris from $60.00 to $55.00 and set a “hold” rating on the stock in a report on Wednesday, January 29th. KeyCorp cut shares of Polaris from an “overweight” rating to a “sector weight” rating in a report on Wednesday, January 8th. Bank of America dropped their price objective on shares of Polaris from $55.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday. Roth Mkm dropped their price objective on shares of Polaris from $76.00 to $57.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Finally, UBS Group dropped their price objective on shares of Polaris from $67.00 to $48.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $59.83.

Polaris Stock Down 0.1 %

Shares of NYSE:PII opened at $42.56 on Thursday. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 21.71, a price-to-earnings-growth ratio of 13.95 and a beta of 1.54. Polaris has a 1-year low of $39.79 and a 1-year high of $100.91. The company’s fifty day moving average is $47.77 and its two-hundred day moving average is $63.22. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15.

Polaris (NYSE:PII) last issued 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 net margin of 1.54% and a return on equity of 13.78%. Equities analysts anticipate that Polaris will post 1.11 EPS for the current year.

Hedge Funds Weigh In On Polaris

A number of institutional investors and hedge funds have recently bought and sold shares of PII. Larson Financial Group LLC grew its position in Polaris by 386.5% in the 4th quarter. Larson Financial Group LLC now owns 506 shares of the company’s stock valued at $29,000 after buying an additional 402 shares in the last quarter. Twin Tree Management LP bought a new position in shares of Polaris during the 4th quarter valued at about $29,000. Lindbrook Capital LLC boosted its position in shares of Polaris by 295.4% during the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock valued at $30,000 after purchasing an additional 387 shares in the last quarter. Quarry LP boosted its position in shares of Polaris by 187.4% during the 3rd 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. Finally, GAMMA Investing LLC boosted its position in shares of Polaris by 232.6% during the 4th quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock valued at $56,000 after purchasing an additional 677 shares in the last quarter. Institutional investors own 88.06% of the company’s stock.

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.