Polaris (NYSE:PII) Given New $54.00 Price Target at Royal Bank of Canada

Polaris (NYSE:PII) had its price target cut by Royal Bank of Canada from $65.00 to $54.00 in a research note released on Wednesday,Benzinga reports. They currently have a sector perform rating on the stock.

PII has been the topic of a number of other reports. BMO Capital Markets lowered their price objective on Polaris from $60.00 to $50.00 and set a “market perform” rating on the stock in a research note on Wednesday. StockNews.com cut Polaris from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Morgan Stanley reiterated an “equal weight” rating and set a $60.00 price target (down from $81.00) on shares of Polaris in a research report on Tuesday, January 21st. Robert W. Baird decreased their price target on Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a research report on Monday, December 30th. Finally, Citigroup decreased their price target on Polaris from $57.00 to $53.00 and set a “neutral” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $68.64.

Polaris Trading Down 5.0 %

Shares of Polaris stock opened at $48.79 on Wednesday. Polaris has a 52-week low of $48.44 and a 52-week high of $100.91. The stock’s 50-day simple moving average is $59.80 and its 200 day simple moving average is $72.30. The stock has a market capitalization of $2.72 billion, a P/E ratio of 13.63, 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 quick ratio of 0.32 and a current ratio of 1.21.

Polaris (NYSE:PII) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Polaris had a return on equity of 17.92% and a net margin of 2.64%. As a group, research analysts anticipate that Polaris will post 3.22 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. National Bank of Canada FI increased its position in shares of Polaris by 19.9% in the third quarter. National Bank of Canada FI now owns 1,101 shares of the company’s stock worth $92,000 after purchasing an additional 183 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Polaris by 0.6% in the fourth quarter. Nordea Investment Management AB now owns 28,811 shares of the company’s stock worth $1,676,000 after purchasing an additional 183 shares during the last quarter. Quarry LP boosted its stake in Polaris by 187.4% in the third quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after buying an additional 253 shares in the last quarter. Claro Advisors LLC boosted its stake in Polaris by 3.3% in the third quarter. Claro Advisors LLC now owns 7,881 shares of the company’s stock worth $656,000 after buying an additional 254 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in Polaris by 7.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 3,601 shares of the company’s stock worth $208,000 after buying an additional 263 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors.

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.