Polaris (NYSE:PII) Downgraded by Zacks Investment Research to Sell

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Polaris stock has undergone multiple analysts rating changes in the recent past.  Polaris Downgraded by Zacks Investment Research on 10/30/2021. In a note to investors, the firm issued a new rating of Sell. The analysts previously had rating of Hold.

Shares of Polaris traded down -$0.32 on Friday, reaching $114.95. 1121637 shares of the stock traded hands, compared to its average volume of 807120. Shares of Polaris were trading at $114.95 on Friday. The firm’s 50 day moving average is $122.34 and its 200 day moving average is $128.88.Polaris has a 12 month low of $113.96 and a 12 month high of $147.73. While on yearly highs and lows, Polaris’s today has traded high as $116.87 and has touched $113.96 on the downward trend. See More Analyst Rating at: RATING

Polaris Earnings and What to expect: 

Polaris last released its earnings data on October 26th, 2021. The reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.02. The firm earned $1.96 billion during the quarter, compared to the consensus estimate of $2.13 billion. Its quarterly revenue was up .3% compared to the same quarter last year. Polaris has generated $7.74 earnings per share over the last year ($10.44 diluted earnings per share) and currently has a price-to-earnings ratio of 11.0. Earnings for Polaris are expected to grow by 7.61% in the coming year, from $9.59 to $10.32 per share. Polaris has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, January 25th, 2022 based off prior year’s report dates.

Earnings for Polaris are expected to grow by 7.61% in the coming year, from $9.59 to $10.32 per share. The P/E ratio of Polaris is 11.01, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 13.79. The P/E ratio of Polaris is 11.01, which means that it is trading at a less expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 19.01. Polaris has a P/B Ratio of 6.20. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Polaris (NYSE:PII) Moving Average Technical Analysis

5 day Moving Average is $117.99 And 5 day price change is -$11.18 (-8.86%)  with average volume for 5 day average is 1,358,460. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $124.45 and 20 day price change is -$6.30 (-5.20%) and average 20 day moving volume is 846,810. 50 day moving average is $122.34  and 50 day price change is -$8.55 ( -6.92%)  and with average volume for 50 days is : 751,664. 200 day moving average is $128.88  and 200 day price change is $8.07 (7.55%)  and with average volume for 200 days is : 782,205.

Other owners latest trading in Polaris :

  • On 10/29/2021 shares held by Goelzer Investment Management Inc. were 63,346 which equates to market value of $7.58M and appx 0.70% owners of Polaris
  • On 10/29/2021 shares held by Amalgamated Bank were 42,354 which equates to market value of $5.07M and appx 0.00% owners of Polaris
  • On 10/29/2021 shares held by GWM Advisors LLC were 5,234 which equates to market value of $0.63M and appx 0.00% owners of Polaris
  • In total Institutional ownership equates to Institutional Ownership Percentage: 83.65% for Polaris

See More Analyst Rating at: RATING