Polaris (NYSE:PII) Price Target Cut to $61.00 by Analysts at UBS Group

Polaris (NYSE:PII) had its target price reduced by analysts at UBS Group from $67.00 to $61.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price target would suggest a potential upside of 11.41% from the company’s current price.

PII has been the subject of several other research reports. Roth Capital reissued a “neutral” rating on shares of Polaris in a report on Wednesday, July 29th. Bank of America reissued a “neutral” rating on shares of Polaris in a research report on Wednesday, July 29th. Wells Fargo & Company upped their price target on shares of Polaris from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. Zacks Research upgraded shares of Polaris from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Finally, Royal Bank Of Canada increased their target price on Polaris from $65.00 to $75.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $66.67.

Polaris Stock Down 1.7%

Polaris stock opened at $54.75 on Friday. The firm has a 50 day moving average price of $66.56 and a 200-day moving average price of $63.60. The company has a quick ratio of 0.47, a current ratio of 1.20 and a debt-to-equity ratio of 2.28. Polaris has a twelve month low of $47.14 and a twelve month high of $77.98. The company has a market capitalization of $3.12 billion, a P/E ratio of -11.83 and a beta of 1.27.

Polaris (NYSE:PII) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $1.97 EPS for the quarter, beating the consensus estimate of $0.76 by $1.21. Polaris had a positive return on equity of 16.77% and a negative net margin of 3.50%.The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the business earned ($1.39) earnings per share. Polaris’s revenue for the quarter was up 9.2% on a year-over-year basis. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. As a group, equities analysts predict that Polaris will post 3.22 EPS for the current year.

Institutional Investors Weigh In On Polaris

Several large investors have recently added to or reduced their stakes in PII. Auto Owners Insurance Co boosted its stake in shares of Polaris by 6,225.0% during the fourth quarter. Auto Owners Insurance Co now owns 65,463,750 shares of the company’s stock valued at $4,140,582,000 after purchasing an additional 64,428,750 shares during the period. BlackRock Inc. purchased a new stake in Polaris in the 2nd quarter valued at about $501,360,000. Goldman Sachs Group Inc. increased its position in shares of Polaris by 166.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,929,773 shares of the company’s stock worth $122,058,000 after acquiring an additional 1,204,405 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Polaris during the second quarter valued at approximately $77,817,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Polaris in the second quarter valued at approximately $43,780,000. 88.06% of the stock is owned by institutional investors.

About Polaris

Polaris Inc is a powersports manufacturer headquartered in Medina, Minnesota. Founded in 1954 in Roseau, Minnesota, the company initially focused on snowmobiles and has since expanded into a broad range of recreational and utility vehicles.

Polaris develops and sells off-road vehicles, including all-terrain vehicles and side-by-side models for recreational, agricultural, commercial, and government applications. Its product portfolio includes the RZR, Ranger, General, and Sportsman lines, as well as snowmobiles, motorcycles, and three-wheeled roadsters sold under the Indian Motorcycle and Slingshot brands.