Robert W. Baird Trims Polaris (NYSE:PII) Target Price to $85.00

Polaris (NYSE:PII) had its target price lowered by equities research analysts at Robert W. Baird from $95.00 to $85.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s target price would indicate a potential upside of 13.90% from the company’s current price.

Several other equities analysts also recently weighed in on the stock. DA Davidson reduced their target price on shares of Polaris from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. Roth Mkm lowered their target price on shares of Polaris from $92.00 to $79.00 and set a “neutral” rating on the stock in a report on Wednesday. StockNews.com downgraded Polaris from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Citigroup decreased their price objective on Polaris from $96.00 to $86.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 16th. Finally, BMO Capital Markets cut their target price on Polaris from $90.00 to $75.00 and set a “market perform” rating for the company in a research note on Wednesday. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $89.73.

Polaris Stock Performance

Shares of NYSE:PII traded down $3.55 during mid-day trading on Wednesday, reaching $74.63. The company had a trading volume of 777,710 shares, compared to its average volume of 767,604. Polaris has a one year low of $73.26 and a one year high of $138.49. The company has a current ratio of 1.47, a quick ratio of 0.42 and a debt-to-equity ratio of 1.46. The company’s 50-day moving average price is $79.73 and its 200-day moving average price is $87.02. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of 11.00, a PEG ratio of 3.68 and a beta of 1.53.

Polaris (NYSE:PII) last released its earnings results on Tuesday, July 23rd. The company reported $1.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.89). Polaris had a return on equity of 31.39% and a net margin of 4.63%. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same period in the prior year, the business earned $2.42 earnings per share. The business’s quarterly revenue was down 11.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Polaris will post 7.51 EPS for the current fiscal year.

Hedge Funds Weigh In On Polaris

A number of hedge funds and other institutional investors have recently bought and sold shares of PII. New England Capital Financial Advisors LLC purchased a new stake in shares of Polaris during the 1st quarter valued at $25,000. Creekmur Asset Management LLC bought a new position in Polaris in the fourth quarter valued at $27,000. Verity & Verity LLC purchased a new stake in Polaris during the first quarter valued at about $37,000. Bessemer Group Inc. lifted its stake in Polaris by 174.1% during the first quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock worth $37,000 after purchasing an additional 235 shares during the last quarter. Finally, First United Bank & Trust purchased a new position in shares of Polaris in the 4th quarter worth about $40,000. Hedge funds and other institutional investors 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.