On Oct 24, 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 maintains the target price at $81.
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 a quarter where earnings per share fell short of forecasts due to diminished consumer confidence and retail sales, expectations have been set for a decline in Q4 revenue, anticipating a year-over-year drop of 27%. This forecast is partly based on the projection that Polaris will deliver fewer units than retail demand, as an effort to reduce dealer inventory levels. Further, long-term earnings projections through to 2025 have been adjusted downwards, factoring in an ongoing dip in retail sales for the first half, inventory management efforts by dealers, and the extended time required for Polaris to modify its production plans.
Polaris reported Q3 results that fell short of expectations and reduced its 2024 guidance. Despite the buyside possibly anticipating unfavorable results, the preliminary and directional commentary on 2025 was more conservative than what was generally expected, contributing to the 10% decline in Polaris' share price. It is noted that a significant change in the recent trends is not anticipated in the upcoming months and quarters.
The firm observes that Polaris reported misses on both revenue and earnings, with the softer outcomes and reduced guidance largely aligning with investor expectations. However, the unfavorable market response is tied to management's anticipation of a stagnant retail landscape through FY25, suggesting to investors to consider flat earnings year-over-year for FY25 as an initial outlook.
Polaris experienced an EPS shortfall and has reduced its revenue/EPS guidance while focusing on a 15-20% decrease in dealer inventory by the end of 2024.
Here are the latest investment ratings and price targets for $Polaris (PII.US)$ from 4 analysts:
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美东时间10月24日，多家华尔街大行更新了$北极星 (PII.US)$的评级，目标价介于76美元至84美元。
摩根士丹利分析师Megan Alexander维持买入评级，维持目标价81美元。
贝雅分析师Craig Kennison维持买入评级，并将目标价从85美元下调至84美元。
KeyBanc分析师Noah Zatzkin维持买入评级。
储亿银行分析师Michael Swartz维持持有评级，并将目标价从82美元下调至76美元。
此外，综合报道，$北极星 (PII.US)$近期主要分析师观点如下：
在上一个季度，由于消费者信心和零售销售疲软，每股收益未达预期，预计第四季度营业收入将下降，预计同比下降27%。这一预测部分基于Polaris公司交付的单位数量将少于零售需求，以减少经销商库存水平的努力。此外，2025年长期盈利预测已调低，考虑了零售销售在上半年的持续下滑、经销商的库存管理努力，以及Polaris调整生产计划所需的时间延长。
Polaris公司报告的Q3结果未达预期，降低了2024年的指导。尽管买方可能预期不利结果，但对2025年的初步和方向性评论比一般预期更保守，导致Polaris股价下跌了10%。值得注意的是，近期趋势的重大变化预计在接下来的几个月和季度中不会发生。
该公司观察到Polaris的营收和盈利均未达预期，软弱的结果和降低的指引与投资者预期基本一致。然而，不利的市场反应与管理层预计FY25零售行业景气平稳有关，向投资者建议考虑FY25盈利持平作为初始展望。
Polaris的每股收益不足，并降低了其营收/每股收益指引，同时专注于到2024年底减少经销商库存15-20%。
以下为今日4位分析师对$北极星 (PII.US)$的最新投资评级及目标价：
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