Polaris (NYSE:PII) Earns “Sell” Rating from Citigroup

Polaris (NYSE:PII)‘s stock had its “sell” rating reissued by stock analysts at Citigroup in a note issued to investors on Monday, MarketBeat Ratings reports. They presently have a $27.00 price objective on the stock, up from their previous price objective of $23.00. Citigroup’s price objective would indicate a potential downside of 32.64% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Robert W. Baird upped their price objective on Polaris from $33.00 to $38.00 and gave the stock a “neutral” rating in a research note on Thursday, May 22nd. Morgan Stanley decreased their price target on shares of Polaris from $31.00 to $29.00 and set an “equal weight” rating for the company in a research report on Thursday, May 1st. Roth Capital restated a “neutral” rating on shares of Polaris in a report on Tuesday, April 22nd. Wall Street Zen downgraded shares of Polaris from a “hold” rating to a “sell” rating in a research report on Thursday, May 8th. Finally, Bank of America decreased their target price on shares of Polaris from $55.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $45.27.

Polaris Stock Up 0.1%

Shares of Polaris stock opened at $40.08 on Monday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.12 and a quick ratio of 0.37. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 55.67 and a beta of 1.04. The firm’s 50-day moving average is $37.32 and its two-hundred day moving average is $45.60. Polaris has a 1 year low of $30.92 and a 1 year high of $88.00.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, April 29th. The company reported ($0.90) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.91) by $0.01. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. Polaris had a net margin of 0.58% and a return on equity of 9.26%. The company’s quarterly revenue was down 11.6% on a year-over-year basis. During the same period last year, the firm earned $0.23 earnings per share. As a group, research analysts expect that Polaris will post 1.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Polaris

Large investors have recently made changes to their positions in the stock. Capital World Investors raised its stake in Polaris by 6.7% in the 4th quarter. Capital World Investors now owns 6,156,285 shares of the company’s stock worth $354,725,000 after acquiring an additional 388,050 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Polaris by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 5,642,463 shares of the company’s stock worth $325,119,000 after purchasing an additional 39,858 shares during the last quarter. Beutel Goodman & Co Ltd. lifted its holdings in shares of Polaris by 2.6% during the fourth quarter. Beutel Goodman & Co Ltd. now owns 2,775,331 shares of the company’s stock worth $159,914,000 after purchasing an additional 69,766 shares during the period. RWWM Inc. lifted its holdings in shares of Polaris by 169.2% during the first quarter. RWWM Inc. now owns 2,395,049 shares of the company’s stock worth $98,053,000 after purchasing an additional 1,505,351 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in Polaris by 0.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 2,284,077 shares of the company’s stock valued at $131,609,000 after buying an additional 21,087 shares during the last quarter. 88.06% of the stock is owned by hedge funds and other 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.