Polaris Inc. (NYSE:PII) Receives $66.17 Average Target Price from Analysts

by · The Markets Daily

Polaris Inc. (NYSE:PII – Get Free Report) has been assigned a consensus recommendation of “Hold” from the twelve research firms that are currently covering the stock, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $66.17.

PII has been the subject of several research reports. BMO Capital Markets cut their price target on Polaris from $60.00 to $50.00 and set a “market perform” rating for the company in a research note on Wednesday, January 29th. Royal Bank of Canada dropped their price objective on Polaris from $65.00 to $54.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 29th. UBS Group dropped their price objective on Polaris from $67.00 to $48.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Robert W. Baird dropped their price objective on Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a research report on Monday, December 30th. Finally, StockNews.com cut Polaris from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th.

Check Out Our Latest Research Report on PII

Polaris Trading Up 1.5 %

NYSE:PII opened at $46.56 on Monday. The company has a market capitalization of $2.61 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 14.11 and a beta of 1.50. The company has a quick ratio of 0.39, a current ratio of 1.15 and a debt-to-equity ratio of 1.27. Polaris has a 52-week low of $42.85 and a 52-week high of $100.91. The stock has a fifty day simple moving average of $52.62 and a 200-day simple moving average of $68.14.

Polaris (NYSE:PII – Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. On average, equities research analysts expect that Polaris will post 1.11 earnings per share for the current fiscal year.

Polaris Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.67 dividend. This is a positive change from Polaris’s previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a dividend yield of 5.76%. The ex-dividend date of this dividend is Monday, March 3rd. Polaris’s payout ratio is currently 134.69%.

Hedge Funds Weigh In On Polaris

Several hedge funds and other institutional investors have recently modified their holdings of the company. Capital World Investors lifted its stake in shares of Polaris by 6.7% in the 4th quarter. Capital World Investors now owns 6,156,285 shares of the company’s stock valued at $354,725,000 after purchasing an additional 388,050 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Polaris by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 5,642,463 shares of the company’s stock valued at $325,119,000 after purchasing an additional 39,858 shares in the last quarter. Beutel Goodman & Co Ltd. lifted its stake in shares of Polaris by 2.6% in the 4th quarter. Beutel Goodman & Co Ltd. now owns 2,775,331 shares of the company’s stock valued at $159,914,000 after purchasing an additional 69,766 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Polaris by 0.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 2,284,077 shares of the company’s stock valued at $131,609,000 after purchasing an additional 21,087 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Polaris by 3.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,262,990 shares of the company’s stock valued at $188,371,000 after purchasing an additional 69,844 shares in the last quarter. 88.06% of the stock is owned by institutional investors and hedge funds.

About Polaris

(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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