Robert W. Baird Cuts Polaris (NYSE:PII) Price Target to $56.00

Polaris (NYSE:PII) had its price target cut by stock analysts at Robert W. Baird from $64.00 to $56.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price objective points to a potential upside of 32.01% from the company’s previous close.

A number of other equities research analysts have also issued reports on the company. Truist Financial cut their target price on Polaris from $60.00 to $55.00 and set a “hold” rating on the stock in a research report on Wednesday, January 29th. Morgan Stanley reiterated an “equal weight” rating and issued a $60.00 target price (down from $81.00) on shares of Polaris in a report on Tuesday, January 21st. StockNews.com downgraded shares of Polaris from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Citigroup cut their target price on shares of Polaris from $57.00 to $53.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Finally, UBS Group decreased their target price on Polaris from $67.00 to $48.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $64.83.

Polaris Trading Up 0.5 %

Shares of NYSE:PII opened at $42.42 on Monday. The company has a 50 day moving average of $48.63 and a 200-day moving average of $63.94. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27. The firm has a market cap of $2.38 billion, a P/E ratio of 21.64, a P/E/G ratio of 13.95 and a beta of 1.54. Polaris has a twelve month low of $39.79 and a twelve month high of $100.91.

Polaris (NYSE:PII) last released its earnings results on Tuesday, January 28th. The company reported $0.92 EPS 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%. As a group, analysts anticipate that Polaris will post 1.11 earnings per share for the current fiscal year.

Institutional Trading of Polaris

Institutional investors and hedge funds have recently modified their holdings of the company. Larson Financial Group LLC grew its position in Polaris by 386.5% during the fourth quarter. Larson Financial Group LLC now owns 506 shares of the company’s stock worth $29,000 after buying an additional 402 shares in the last quarter. Twin Tree Management LP bought a new stake in shares of Polaris in the 4th quarter worth approximately $29,000. Lindbrook Capital LLC grew its holdings in shares of Polaris by 295.4% during the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock worth $30,000 after purchasing an additional 387 shares in the last quarter. Quarry LP increased its position in shares of Polaris by 187.4% during the third quarter. Quarry LP now owns 388 shares of the company’s stock valued at $32,000 after purchasing an additional 253 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of 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 purchasing an additional 677 shares during the period. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Polaris Company Profile

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.