StockNews.com Downgrades Polaris (NYSE:PII) to Sell

Polaris (NYSE:PII) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

A number of other research firms also recently weighed in on PII. Longbow Research reiterated a “neutral” rating on shares of Polaris in a research note on Wednesday, July 24th. Robert W. Baird dropped their price target on shares of Polaris from $85.00 to $84.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Bank of America cut their price target on shares of Polaris from $86.00 to $85.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. DA Davidson lowered their price objective on Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Finally, KeyCorp cut their target price on Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $87.09.

Polaris Stock Performance

NYSE:PII opened at $65.81 on Wednesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.32 and a current ratio of 1.21. The firm’s 50-day moving average is $76.96 and its 200-day moving average is $79.54. Polaris has a 52-week low of $65.57 and a 52-week high of $100.91. The company has a market cap of $3.67 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 6.98 and a beta of 1.52.

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

Institutional Investors Weigh In On Polaris

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PII. Vanguard Group Inc. grew its stake in shares of Polaris by 1.6% during the first quarter. Vanguard Group Inc. now owns 5,902,162 shares of the company’s stock valued at $590,924,000 after purchasing an additional 94,680 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Polaris by 174.1% during the first quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock worth $37,000 after acquiring an additional 235 shares during the last quarter. Capital International Inc. CA lifted its stake in shares of Polaris by 25.8% during the first quarter. Capital International Inc. CA now owns 7,878 shares of the company’s stock valued at $789,000 after acquiring an additional 1,615 shares during the period. Toronto Dominion Bank lifted its stake in shares of Polaris by 12.5% during the first quarter. Toronto Dominion Bank now owns 16,794 shares of the company’s stock valued at $1,681,000 after acquiring an additional 1,861 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in Polaris by 3.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 31,452 shares of the company’s stock worth $3,149,000 after purchasing an additional 929 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.