Polaris (NYSE:PII) Given New $57.00 Price Target at Citigroup

Polaris (NYSE:PII) had its price objective cut by Citigroup from $73.00 to $57.00 in a research note published on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

PII has been the topic of a number of other research reports. 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. Royal Bank of Canada lowered their price objective on Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 23rd. Truist Financial cut their target price on Polaris from $76.00 to $60.00 and set a “hold” rating for the company in a research report on Tuesday, January 7th. StockNews.com cut Polaris from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Finally, KeyCorp cut Polaris from an “overweight” rating to a “sector weight” rating in a report on Wednesday, January 8th. One research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $73.45.

Polaris Stock Down 0.8 %

PII opened at $53.80 on Thursday. Polaris has a fifty-two week low of $52.62 and a fifty-two week high of $100.91. The company has a market capitalization of $3.00 billion, a P/E ratio of 15.03, a P/E/G ratio of 6.05 and a beta of 1.53. 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 firm’s fifty day moving average price is $60.62 and its two-hundred day moving average price is $72.85.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kiltearn Partners LLP raised its stake in shares of Polaris by 147.9% in the third quarter. Kiltearn Partners LLP now owns 154,700 shares of the company’s stock worth $12,877,000 after acquiring an additional 92,300 shares during the last quarter. FMR LLC raised its position in Polaris by 22.0% in the 3rd quarter. FMR LLC now owns 133,665 shares of the company’s stock worth $11,126,000 after purchasing an additional 24,103 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in Polaris by 545.1% during the 3rd quarter. Quantinno Capital Management LP now owns 26,803 shares of the company’s stock worth $2,231,000 after buying an additional 22,648 shares in the last quarter. Victory Capital Management Inc. boosted its position in Polaris by 167.1% in the 3rd quarter. Victory Capital Management Inc. now owns 43,762 shares of the company’s stock valued at $3,643,000 after buying an additional 27,375 shares during the last quarter. Finally, Benjamin Edwards Inc. increased its stake in shares of Polaris by 8,867.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 63,938 shares of the company’s stock valued at $5,322,000 after buying an additional 63,225 shares during the period. Institutional investors and hedge funds own 88.06% of the company’s stock.

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.