Polaris (NYSE:PII) Stock Rating Upgraded by StockNews.com

Polaris (NYSE:PII) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Wednesday.

Several other equities analysts have also weighed in on the stock. Royal Bank of Canada dropped their price objective on shares of Polaris from $97.00 to $82.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 24th. Longbow Research reiterated a “neutral” rating on shares of Polaris in a report on Wednesday, July 24th. Roth Mkm decreased their price objective on Polaris from $92.00 to $79.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. KeyCorp decreased their price target on shares of Polaris from $105.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Finally, Citigroup dropped their price objective on shares of Polaris from $86.00 to $83.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $89.18.

Polaris Stock Performance

Shares of PII opened at $82.12 on Wednesday. The firm’s fifty day simple moving average is $79.05 and its two-hundred day simple moving average is $85.81. Polaris has a 12 month low of $71.90 and a 12 month high of $121.33. The company has a current ratio of 1.42, a quick ratio of 0.40 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $4.64 billion, a P/E ratio of 12.04, a price-to-earnings-growth ratio of 7.09 and a beta of 1.53.

Polaris (NYSE:PII) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.27 by ($0.89). The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $2.18 billion. Polaris had a net margin of 3.98% and a return on equity of 26.38%. Polaris’s quarterly revenue was down 11.5% compared to the same quarter last year. During the same period last year, the firm posted $2.42 earnings per share. As a group, analysts predict that Polaris will post 3.79 EPS for the current year.

Hedge Funds Weigh In On Polaris

Several hedge funds have recently modified their holdings of PII. New England Capital Financial Advisors LLC bought a new position in shares of Polaris in the first quarter valued at approximately $25,000. Creekmur Asset Management LLC purchased a new stake in shares of Polaris during the 4th quarter valued at $27,000. Verity & Verity LLC bought a new stake in shares of Polaris during the 1st quarter worth $37,000. Bessemer Group Inc. boosted its holdings in shares of Polaris by 174.1% in the 1st quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock worth $37,000 after buying an additional 235 shares during the last quarter. Finally, First United Bank & Trust bought a new position in Polaris during the fourth quarter valued at about $40,000. 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.