Recent Changes in Research Analyst Ratings for Polaris (PII)


Polaris (NYSE:PII) recently received a number of rating updates from brokerages and research firms:

  • 05/04/2022 – Polaris is now covered by DA Davidson analysts. They set a “neutral” rating and a price target of $99.00 on the stock.
  • 04/29/2022 – Polaris has been downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Polaris Inc. designs, engineers, and manufactures off-road and on-road vehicles. The Company’s operating segment includes ORV/snowmobiles, motorcycles, global adjacent markets, aftermarket and boats. It markets its products under the brands RZR, RANGER, GENERAL, Sportsman, Polaris ACE, RANGER CREW, RZR XP, RZR RS1, Polaris Engineered Accessories, Polaris INDY EVO, 850 Patriot, Timbersled, FTR, GEM, Goupil, Aixam and Taylor- Dunn. , DAGOR, Sportsman MV, MRZR, Pro Comp, Smittybilt, Rubicon Express, Poison Spyder, Trail Master, LRG, G2 Axle & Gear, Kolpin, Pro Armor, Klim, 509, Trail Tech, Bennington, Godfrey, Hurricane, Rinker, Larson and Striper brands. Polaris Inc., formerly known as Polaris Industries Inc., is based in Medina, Minnesota. “
  • 04/27/2022 – Polaris has had its price target lowered by BMO Capital Markets analysts from $165.00 to $138.00.
  • 04/27/2022 – Polaris has had its price target lowered by analysts Raymond James from $149.00 to $131.00.
  • 04/27/2022 – Polaris has had its price target lowered by Robert W. Baird analysts from $150.00 to $135.00.
  • 04/19/2022 – Polaris has had its price target lowered by Citigroup Inc. analysts from $145.00 to $139.00. They now have a “buy” rating on the stock.
  • 4/7/2022 – Polaris has had its price target lowered by Citigroup Inc. analysts from $157.00 to $145.00.
  • 03/31/2022 – Polaris is now covered by StockNews.com analysts. They have placed a “holding” rating on the stock.
  • 03/30/2022 – Polaris has been downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Polaris Inc. designs, engineers, and manufactures off-road and on-road vehicles. The Company’s operating segment includes ORV/snowmobiles, motorcycles, global adjacent markets, aftermarket and boats. It markets its products under the brands RZR, RANGER, GENERAL, Sportsman, Polaris ACE, RANGER CREW, RZR XP, RZR RS1, Polaris Engineered Accessories, Polaris INDY EVO, 850 Patriot, Timbersled, FTR, GEM, Goupil, Aixam and Taylor- Dunn. , DAGOR, Sportsman MV, MRZR, Pro Comp, Smittybilt, Rubicon Express, Poison Spyder, Trail Master, LRG, G2 Axle & Gear, Kolpin, Pro Armor, Klim, 509, Trail Tech, Bennington, Godfrey, Hurricane, Rinker, Larson and Striper brands. Polaris Inc., formerly known as Polaris Industries Inc., is based in Medina, Minnesota. “

Shares of PII traded at $8.75 at midday Wednesday, hitting $103.13. The stock had a trading volume of 40,581 shares, compared to an average volume of 882,306. The company has a 50-day simple moving average of $105.69 and a 200-day simple moving average of 112.09 $. Polaris Inc. has a one-year low of $94.24 and a one-year high of $139.79. The company has a market capitalization of $6.14 billion, a PE ratio of 14.95 and a beta of 1.59. The company has a current ratio of 1.18, a quick ratio of 0.34 and a debt ratio of 1.24.

Polaris (NYSE:PII – Get Rating) last reported quarterly earnings data on Tuesday, April 26. The company reported EPS of $1.29 for the quarter, missing analyst consensus estimates of $1.76 per ($0.47). The company posted revenue of $1.96 billion in the quarter, versus a consensus estimate of $2.11 billion. Polaris had a net margin of 5.24% and a return on equity of 43.24%. The company’s revenue increased 0.3% year-over-year. During the same period last year, the company achieved EPS of $2.30. As a group, research analysts expect Polaris Inc. to post EPS of 10.14 for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 15. Shareholders of record on Wednesday, June 1 will receive a dividend of $0.64. This represents an annualized dividend of $2.56 and a yield of 2.48%. The ex-dividend date is Tuesday, May 31. Polaris’ dividend payout ratio (DPR) is 37.10%.

Several large investors have recently changed their stake in the company. Capital World Investors increased its holdings of Polaris shares by 147.6% during the 4th quarter. Capital World Investors now owns 2,776,472 shares of the company valued at $305,162,000 after purchasing an additional 1,655,218 shares in the last quarter. River Road Asset Management LLC purchased a new stake in Polaris stock during Q1 worth approximately $88,949,000. State Street Corp increased its holdings of Polaris shares by 14.8% during the 1st quarter. State Street Corp now owns 4,136,582 shares of the company valued at $435,665,000 after purchasing an additional 532,947 shares in the last quarter. Norges Bank purchased a new stake in Polaris stock during Q4, valued at approximately $55,198,000. Finally, Epoch Investment Partners Inc. purchased a new equity stake in Polaris during Q4 valued at approximately $37,614,000. Institutional investors hold 86.50% of the company’s shares.

Polaris Inc designs, engineers, manufactures and markets powersports vehicles worldwide. It operates through six segments: ORV, Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; conversion kit systems for snowmobiles and snowmobiles; motorcycles; and low-emission light-duty, passenger and industrial vehicles.

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