On Oct 23, major Wall Street analysts update their ratings for $Polaris (PII.US)$, with price targets ranging from $76 to $84.
Morgan Stanley analyst Megan Alexander maintains with a buy rating, and adjusts the target price from $84 to $81.
Citi analyst James Hardiman maintains with a hold rating, and maintains the target price at $83.
Baird analyst Craig Kennison maintains with a buy rating, and adjusts the target price from $85 to $84.
KeyBanc analyst Noah Zatzkin maintains with a buy rating.
Truist Financial analyst Michael Swartz maintains with a hold rating, and adjusts the target price from $82 to $76.
Furthermore, according to the comprehensive report, the opinions of $Polaris (PII.US)$'s main analysts recently are as follows:
Following the release of Q3 earnings that missed projections, due to waning consumer confidence and retail sales, expectations for the company's Q4 revenue have been revised, anticipating a 27% decline compared to the previous year. This outlook is shaped by the projection that the company will likely ship less than retail demand, in an effort to reduce dealer inventory levels. Furthermore, forecasts for the year 2025 earnings per share have been adjusted, taking into account the anticipated continued downturn in retail through the first half, dealer inventory management, and the extended time required for the company to modify its production plans.
Polaris reported third-quarter results that fell short of expectations, coupled with a reduction in its 2024 guidance. Despite the buyside likely anticipating a less-than-favorable report, early indicators for 2025 appear more cautious than the consensus estimates, which has led to a significant decline in the company's share price. It is believed that the recent trends may not see a substantial improvement in the near future.
Polaris has reported results that fell short on both top and bottom lines, aligning closely with what investors anticipated. Despite this, the subsequent decline in stock value can be ascribed to the anticipation of a retail landscape that shows no signs of improvement until FY25. This outlook suggests a steady earnings profile for FY25 as a baseline scenario.
The analyst noted that Polaris reported an EPS shortfall and revised their revenue/EPS guidance downward, emphasizing the company's commitment to decreasing dealer inventory by 15-20% by the end of 2024.
Here are the latest investment ratings and price targets for $Polaris (PII.US)$ from 5 analysts:
Note:
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