Polaris (NYSE:PII) Stock Rating Upgraded by Zacks Research

Polaris (NYSE:PII) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other research analysts have also recently weighed in on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Polaris in a research report on Tuesday, July 7th. Wells Fargo & Company raised their price target on shares of Polaris from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Friday, July 10th. Roth Capital reissued a “neutral” rating on shares of Polaris in a report on Wednesday, April 29th. Morgan Stanley lowered their target price on shares of Polaris from $74.00 to $69.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 19th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Polaris in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Polaris currently has a consensus rating of “Hold” and an average price target of $65.00.

Polaris Trading Up 1.0%

Shares of PII stock opened at $74.10 on Tuesday. Polaris has a 12-month low of $47.14 and a 12-month high of $75.25. The company has a market capitalization of $4.22 billion, a PE ratio of -9.45 and a beta of 1.25. The firm has a 50 day moving average price of $68.36 and a two-hundred day moving average price of $64.15. The company has a quick ratio of 0.48, a current ratio of 1.21 and a debt-to-equity ratio of 2.72.

Polaris (NYSE:PII) last posted its earnings results on Monday, April 27th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of ($0.43) by $0.56. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.63 billion. Polaris had a positive return on equity of 5.91% and a negative net margin of 6.13%.The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.90) earnings per share. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. As a group, analysts predict that Polaris will post 1.76 earnings per share for the current year.

Institutional Investors Weigh In On Polaris

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ritholtz Wealth Management acquired a new position in shares of Polaris in the fourth quarter valued at approximately $1,172,000. Jefferies Financial Group Inc. bought a new stake in Polaris during the 4th quarter worth approximately $10,778,000. Strs Ohio increased its position in Polaris by 17,000.0% in the 4th quarter. Strs Ohio now owns 51,300 shares of the company’s stock valued at $3,245,000 after acquiring an additional 51,000 shares during the period. Comerica Bank raised its stake in shares of Polaris by 173.4% during the fourth quarter. Comerica Bank now owns 41,939 shares of the company’s stock valued at $2,653,000 after acquiring an additional 26,601 shares during the last quarter. Finally, Auto Owners Insurance Co lifted its holdings 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 worth $4,140,582,000 after purchasing an additional 64,428,750 shares during the period. 88.06% of the stock is currently owned by institutional investors.

Polaris Company Profile

Polaris Inc, founded in 1954 and headquartered in Medina, Minnesota, is a diversified manufacturer of powersports vehicles and related products. Initially gaining prominence with its snowmobiles, Polaris expanded its portfolio over the decades to include all-terrain vehicles (ATVs), side-by-side off-road vehicles, and motorcycles. The company’s legacy in recreational and utility vehicle innovation stems from early engineering breakthroughs that established Polaris as a leading name in off-road mobility.

Today, Polaris offers a broad range of products under well-known brands such as Polaris RANGER and POLARIS SPORTSMAN for utility and recreation markets, Slingshot three-wheel roadsters for on-road enthusiasts, and the Indian Motorcycle brand for premium two-wheeled touring and cruiser segments.