The recommendation that Northcoast Research has given for Polaris (NYSE: PII) has been changed from “buy” to “neutral” in a report that was published this past Friday. The Fly was the source from which I obtained this information.
In recent times, PII has received feedback from a wide variety of additional professionals working in the equity industry. StockNews.com shifted their recommendation for Polaris from “hold” to “buy” on January 6, 2019, marking the day of the change. In a report made available to the public on October 26, DA Davidson announced that the price objective they had set for Polaris had been decreased from $101.00 to $90.00. This change was made in response to recent market conditions. In a research report released on Wednesday, October 26, Raymond James recommended a “strong buy” for the company but lowered their price objective on Polaris from $137.00 to $123.00. The report was about the company’s stock. The findings of the study were made accessible to the general public. Jefferies Financial Group increased their price objective for Polaris from $100.00 to $106.00, moving it up from the previous level of $100.00, in a report distributed on Monday, December 5. MKM Partners stated that they would be covering Polaris in a report made public on November 29. This is the final and most important point. They assigned the business the rating of “neutral” and decided the price target should be $117.00. There have been nine equity research analysts who have recommended holding onto the stock, three different analysts who rated the stock as a buy, and one analyst who strongly recommended buying the stock. The information from Bloomberg.com indicates that the current rating for Polaris is “Hold” and that the price target has been established at $114.00.
NYSE PII began trading at $107.29 on Friday. The stock has a market value of $6.22 billion, its price-to-earnings ratio is 19.30, and its beta value is 1.54. The company’s beta value is 1.54, and its price-to-earnings ratio is 1.28, which is the value that is assigned to the current ratio; 0.41 is the value that is assigned to the quick ratio; and 1.55 is the value that is assigned to the debt-to-equity ratio. The stock has been trading at $107.69 on average over the past two hundred days, while its moving average price over the past fifty days is $106.77. Polaris reached an all-time high of $127.37 during the last 52 weeks, while the stock dropped to a 52-week low of $91.86 during the same period.
On October 25, the most recent quarterly earnings report for Polaris (NYSE: PII) was made public for the company. The company reported earnings of $3.25 per share for the quarter, which is $0.40 more than the consensus estimate of $2.85 per share that the market had expected. The actual quarterly sales for the company came in at $2.34 billion, which was significantly higher than the projections made by analysts, which were only $2.19 billion. The net margin that Polaris could generate was 3.97%, and the company’s return on equity was 50.01%. According to analysts who follow the stock market, Polaris is expected to generate earnings of 10.2 cents per share throughout the current fiscal year.
Several hedge funds and other institutional investors have been active buyers and sellers of PII shares throughout the most recent period. During the first three months of 2018, Capital World Investors saw a 33.2% increase in the amount of Polaris stock it held. After purchasing 922,101 additional shares during the most recent quarter, Capital World Investors now directly owns 3,698,573 shares of the company’s stock, which have a combined value of $389,534,000. This brings the total number of shares directly owned by the firm to 3,698,573. The State Street Corporation increased the percentage of Polaris stock owned by 14.8% during the first three months of 2018. State Street Corp. now has 4,136,582 shares of the company’s stock following purchasing an additional 532,947 shares during the preceding quarter. These shares are currently valued at a combined total of $435,665,000. During the first three months of the year, Royal London Asset Management Ltd. spent approximately $19,887,000 purchasing additional shares of Polaris, for a total expenditure of about the same amount. During the first quarter, First Trust Advisors LP expanded its holdings by purchasing an additional 39.5% of Polaris stock. First Trust Advisors LP now holds a total of 322,336 shares of the company’s stock, which are worth a combined $33,948,000 after the investment firm made an additional purchase of 91,256 shares during the most recent fiscal quarter. And finally, during the third quarter, Vanguard Group Inc. raised the amount of Polaris stock owned by 1.5 percent, making it the company’s largest single holding. Following the acquisition of 89,717 additional shares during the most recent fiscal quarter, Vanguard Group Inc. now holds 5,885,506 shares of the company’s stock in its portfolio. The current value of the company’s stock on the market is calculated to be $562,950,000. Institutional investors hold a total ownership stake in the company that amounts to 86.57% of its total shares.
Power sports vehicles are designed, engineered, manufactured, and distributed worldwide by Polaris Inc., which is responsible for the distribution of these vehicles. It conducts its operations under the auspices of three separate divisions, which are referred to as off-road, on-road, and marine, respectively. Off-road vehicles (ORVs), such as all-terrain and side-by-side vehicles, are easily accessible, as are motorbikes, low-emission vehicles, light-duty transport vehicles, passenger vehicles, and industrial vehicles. Also easily accessible are off-road vehicles (ORVs), such as all-terrain and side-by-side vehicles.