Roth Capital Issues Positive Forecast for Polaris (NYSE:PII) Stock Price

Polaris (NYSE:PII) had its target price lifted by stock analysts at Roth Capital from $54.00 to $57.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Roth Capital’s target price suggests a potential downside of 13.27% from the company’s previous close.

Several other equities analysts have also commented on PII. Weiss Ratings reissued a “sell (d+)” rating on shares of Polaris in a report on Wednesday, October 8th. BMO Capital Markets reaffirmed a “market perform” rating and set a $70.00 price target on shares of Polaris in a report on Wednesday, October 29th. Robert W. Baird lifted their price target on shares of Polaris from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, October 6th. UBS Group lifted their price target on shares of Polaris from $45.00 to $58.00 and gave the company a “neutral” rating in a report on Monday, September 8th. Finally, Citigroup lifted their price target on shares of Polaris from $60.00 to $71.00 and gave the company a “neutral” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Polaris currently has a consensus rating of “Hold” and a consensus price target of $54.91.

Polaris Price Performance

PII stock traded down $0.38 during mid-day trading on Monday, hitting $65.72. The stock had a trading volume of 203,930 shares, compared to its average volume of 1,624,018. The company has a current ratio of 1.02, a quick ratio of 0.37 and a debt-to-equity ratio of 1.13. Polaris has a 52 week low of $30.92 and a 52 week high of $75.25. The firm has a market capitalization of $3.70 billion, a P/E ratio of -24.78 and a beta of 1.08. The firm has a fifty day simple moving average of $61.29 and a 200 day simple moving average of $49.88.

Polaris (NYSE:PII) last released its earnings results on Tuesday, October 28th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.37 by $0.04. Polaris had a negative net margin of 2.17% and a positive return on equity of 3.89%. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period last year, the firm earned $0.73 EPS. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. Polaris has set its FY 2025 guidance at -0.050–0.050 EPS. Q4 2025 guidance at 0.050-0.050 EPS. As a group, research analysts forecast that Polaris will post 1.11 EPS for the current year.

Institutional Trading of Polaris

Several institutional investors have recently made changes to their positions in the company. State Street Corp grew its stake in shares of Polaris by 15.7% in the 2nd quarter. State Street Corp now owns 3,137,866 shares of the company’s stock worth $127,554,000 after acquiring an additional 426,482 shares in the last quarter. RWWM Inc. grew its position in Polaris by 0.3% during the second quarter. RWWM Inc. now owns 2,401,477 shares of the company’s stock valued at $97,620,000 after buying an additional 6,428 shares during the period. AQR Capital Management LLC grew its position in Polaris by 564.8% during the second quarter. AQR Capital Management LLC now owns 1,752,801 shares of the company’s stock valued at $70,673,000 after buying an additional 1,489,157 shares during the period. Select Equity Group L.P. grew its position in Polaris by 142.1% during the first quarter. Select Equity Group L.P. now owns 1,620,565 shares of the company’s stock valued at $66,346,000 after buying an additional 951,195 shares during the period. Finally, Geode Capital Management LLC grew its position in Polaris by 44.5% during the second quarter. Geode Capital Management LLC now owns 1,311,659 shares of the company’s stock valued at $53,326,000 after buying an additional 404,178 shares during the period. 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.