Polaris (NYSE:PII) Lowered to Sector Weight Rating by KeyCorp

Polaris (NYSE:PII) was downgraded by KeyCorp from an “overweight” rating to a “sector weight” rating in a research note issued to investors on Wednesday,Briefing.com Automated Import reports.

PII has been the subject of several other reports. Robert W. Baird lowered their price target on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a research note on Monday, December 30th. Royal Bank of Canada lowered their price objective on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 23rd. Truist Financial lowered their price objective on shares of Polaris from $76.00 to $60.00 and set a “hold” rating for the company in a research note on Tuesday. DA Davidson lowered their price objective on shares of Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Finally, StockNews.com raised shares of Polaris from a “sell” rating to a “hold” rating in a research note on Monday, December 30th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Polaris presently has a consensus rating of “Hold” and an average target price of $84.00.

Polaris Stock Performance

Polaris stock opened at $58.07 on Wednesday. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $3.24 billion, a PE ratio of 16.22, a P/E/G ratio of 6.59 and a beta of 1.53. The firm has a fifty day simple moving average of $64.29 and a two-hundred day simple moving average of $74.78. Polaris has a twelve month low of $55.55 and a twelve month high of $100.91.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.15). The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.77 billion. Polaris had a return on equity of 17.92% and a net margin of 2.64%. The business’s revenue for the quarter was down 23.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.71 earnings per share. Research analysts expect that Polaris will post 3.22 EPS for the current year.

Institutional Investors Weigh In On Polaris

Institutional investors have recently made changes to their positions in the company. Venturi Wealth Management LLC grew its holdings in shares of Polaris by 534.5% during the third quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock valued at $29,000 after buying an additional 294 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Polaris by 2,431.3% during the third quarter. Blue Trust Inc. now owns 405 shares of the company’s stock valued at $32,000 after buying an additional 389 shares during the last quarter. Quarry LP grew its holdings 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 buying an additional 253 shares during the last quarter. GAMMA Investing LLC grew its holdings 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 buying an additional 677 shares during the last quarter. Finally, Abich Financial Wealth Management LLC purchased a new stake in shares of Polaris during the second quarter valued at approximately $57,000. Hedge funds and other 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.