Polaris stock falls after Citi downgrade

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Polaris Inc Stock Fair Value – Polaris ($NYSE:PII) stock fell in early trading on Wednesday after Citi downgraded the stock to a Neutral rating from Buy. The downgrade was based on channel checks conducted by the firm with off-road vehicle dealers, which indicated that the retail environment is “substantially worse” than previously anticipated. “Some cracks have begun to appear in powersports end-demand as they have throughout most consumer discretionary sectors,” noted Citi analyst James Hardiman.

“Polaris is not immune to these trends.” Hardiman said that while Polaris remains a well-positioned company with a strong portfolio of products, the near-term challenges facing the powersports industry are significant.

Stock Price

On Wednesday, shares of Polaris Inc. fell 5.2% after Citigroup downgraded the stock from “buy” to “neutral.” At the time of this writing, most news sentiment surrounding Polaris is negative. In addition to the Citigroup downgrade, Polaris is also facing headwinds from the ongoing trade war between the United States and China. Polaris is a U.S.-based manufacturer of motorcycles, all-terrain vehicles, and snowmobiles.

Despite the challenges, Polaris remains a strong company with a solid lineup of products. It is possible that the stock could rebound if the trade war ends and Citigroup changes its rating back to “buy.”

VI Analysis – Polaris Inc Stock Fair Value Calculator

Polaris Inc. designs, engineers, and manufactures off-road vehicles, including all-terrain vehicles , snowmobiles, and motorcycles. The company operates through three segments: Off-Road Vehicles, Motorcycles, and Boat Holdings. The Off-Road Vehicles segment provides ATVs, side-by-side vehicles, and full-size and youth recreational, utility, and sport vehicles. The Motorcycles segment offers cruiser, touring, and sport bikes, as well as heavyweight motorcycles.

The Boat Holdings segment comprises pontoon, deck, cruiser, sport fish, and fish-and-ski boats. The company sells its products to powersports distributors and retailers through its sales force and independent representatives in the United States and Canada, Europe, Asia Pacific, Latin America, and South Africa.

Summary

Polaris Inc. is an American manufacturer of snowmobiles, all-terrain vehicles, motorcycles and neighborhood electric vehicles. Polaris is based in Minnesota. Polaris is a publicly traded company, and its stock is listed on the New York Stock Exchange.

Investing in Polaris can be a good way to gain exposure to the Powersports industry. The company has a strong brand and a long history of growth.