UBS Group Has Lowered Expectations for Polaris (NYSE:PII) Stock Price

Polaris (NYSE:PII) had its price target cut by equities research analysts at UBS Group from $67.00 to $48.00 in a report released on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price objective indicates a potential upside of 9.81% from the stock’s previous close.

A number of other equities research analysts have also weighed in on PII. DA Davidson lowered their price target on shares of Polaris from $69.00 to $60.00 and set a “buy” rating for the company in a report on Thursday. KeyCorp downgraded Polaris from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, January 8th. BMO Capital Markets cut their price target on Polaris from $60.00 to $50.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 29th. Robert W. Baird reduced their price target on Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a report on Monday, December 30th. Finally, Truist Financial dropped their price objective on Polaris from $60.00 to $55.00 and set a “hold” rating on the stock in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Polaris currently has a consensus rating of “Hold” and a consensus target price of $66.17.

Polaris Stock Down 8.4 %

Shares of PII traded down $3.99 during midday trading on Monday, reaching $43.71. 3,252,499 shares of the company were exchanged, compared to its average volume of 1,755,866. Polaris has a 1-year low of $43.39 and a 1-year high of $100.91. The stock has a 50-day moving average price of $59.03 and a 200-day moving average price of $71.72. 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 company has a market cap of $2.44 billion, a price-to-earnings ratio of 22.25, a P/E/G ratio of 14.51 and a beta of 1.50.

Polaris (NYSE:PII) last announced its earnings results on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. Research analysts expect that Polaris will post 1.11 earnings per share for the current year.

Institutional Investors Weigh In On Polaris

A number of hedge funds have recently added to or reduced their stakes in PII. Alberta Investment Management Corp increased its holdings in shares of Polaris by 122.5% in the 4th quarter. Alberta Investment Management Corp now owns 28,040 shares of the company’s stock worth $1,616,000 after acquiring an additional 15,440 shares during the period. Sanctuary Advisors LLC grew its position in Polaris by 14.7% in the 4th quarter. Sanctuary Advisors LLC now owns 7,504 shares of the company’s stock worth $432,000 after purchasing an additional 963 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of Polaris by 39.6% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 31,883 shares of the company’s stock valued at $1,837,000 after purchasing an additional 9,047 shares during the period. Rhumbline Advisers raised its holdings in shares of Polaris by 0.3% during the fourth quarter. Rhumbline Advisers now owns 143,540 shares of the company’s stock valued at $8,271,000 after buying an additional 391 shares during the last quarter. Finally, Consolidated Planning Corp acquired a new position in shares of Polaris during the fourth quarter worth approximately $235,000. 88.06% of the stock is currently owned by institutional investors.

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.