Polaris Inc. (NYSE:PII) Receives Average Recommendation of “Hold” from Brokerages

by · The Cerbat Gem

Polaris Inc. (NYSE:PII – Get Free Report) has received a consensus recommendation of “Hold” from the eleven brokerages that are covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $86.00.

PII has been the topic of a number of research analyst reports. DA Davidson lowered their price target on Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. StockNews.com raised shares of Polaris from a “sell” rating to a “hold” rating in a research note on Monday, December 30th. KeyCorp reduced their price target on shares of Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Royal Bank of Canada lowered their price objective on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 23rd. Finally, Robert W. Baird cut their target price on Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a research report on Monday, December 30th.

View Our Latest Stock Analysis on PII

Polaris Price Performance

NYSE PII opened at $57.86 on Friday. The company has a 50-day moving average price of $64.92 and a two-hundred day moving average price of $75.08. Polaris has a 52 week low of $55.55 and a 52 week high of $100.91. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 16.16, a price-to-earnings-growth ratio of 6.59 and a beta of 1.51. The company has a current ratio of 1.21, a quick ratio of 0.32 and a debt-to-equity ratio of 1.28.

Polaris (NYSE:PII – Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.77 billion. Polaris had a return on equity of 17.92% and a net margin of 2.64%. The business’s quarterly revenue was down 23.4% compared to the same quarter last year. During the same period last year, the company earned $2.71 earnings per share. Analysts forecast that Polaris will post 3.22 EPS for the current year.

Polaris Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a $0.66 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.56%. Polaris’s dividend payout ratio (DPR) is 73.74%.

Institutional Trading of Polaris

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. increased its position in shares of Polaris by 8.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 15,358 shares of the company’s stock worth $1,203,000 after acquiring an additional 1,186 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Polaris by 12.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,201 shares of the company’s stock valued at $955,000 after purchasing an additional 1,366 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Polaris in the second quarter worth $587,000. Signaturefd LLC grew its holdings in shares of Polaris by 1,931.3% during the second quarter. Signaturefd LLC now owns 650 shares of the company’s stock valued at $51,000 after buying an additional 618 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Polaris during the second quarter valued at $79,000. Institutional investors and hedge funds own 88.06% of the company’s stock.

Polaris Company Profile

(Get Free Report

Polaris Inc designs, engineers, manufactures, and markets powersports vehicles in the United States, Canada, and internationally. It operates through three segments: Off-Road, On-Road, and Marine. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; military and commercial ORVs; snowmobiles; motorcycles; and moto-roadsters, quadricycles, and boats.

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