Polaris Inc. (NYSE:PII) Given Average Rating of “Hold” by Analysts

Shares of Polaris Inc. (NYSE:PII) have earned a consensus recommendation of “Hold” from the eleven analysts that are currently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $89.18.

A number of research firms have recently weighed in on PII. Royal Bank of Canada cut their price target on Polaris from $97.00 to $82.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 24th. Bank of America cut their price objective on Polaris from $86.00 to $85.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Robert W. Baird reduced their target price on Polaris from $95.00 to $85.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. BMO Capital Markets reduced their target price on Polaris from $90.00 to $75.00 and set a “market perform” rating for the company in a report on Wednesday, July 24th. Finally, DA Davidson upgraded Polaris from a “neutral” rating to a “buy” rating and set a $87.00 target price for the company in a report on Thursday, July 25th.

Polaris Stock Up 4.5 %

Shares of Polaris stock opened at $86.51 on Monday. Polaris has a 1 year low of $71.90 and a 1 year high of $114.50. The stock has a 50-day moving average price of $79.74 and a 200 day moving average price of $85.48. The company has a current ratio of 1.42, a quick ratio of 0.40 and a debt-to-equity ratio of 1.56. The company has a market cap of $4.89 billion, a P/E ratio of 12.68, a P/E/G ratio of 7.35 and a beta of 1.53.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $1.38 earnings per share for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.89). Polaris had a return on equity of 26.38% and a net margin of 3.98%. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same period last year, the business earned $2.42 earnings per share. The firm’s revenue for the quarter was down 11.5% on a year-over-year basis. As a group, analysts expect that Polaris will post 3.79 EPS for the current fiscal year.

Polaris Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 3.05%. The ex-dividend date is Tuesday, September 3rd. Polaris’s dividend payout ratio is currently 38.71%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PII. New England Capital Financial Advisors LLC bought a new stake in shares of Polaris during the first quarter valued at approximately $25,000. Creekmur Asset Management LLC bought a new stake in shares of Polaris during the fourth quarter valued at approximately $27,000. Verity & Verity LLC bought a new stake in shares of Polaris during the first quarter valued at approximately $37,000. Bessemer Group Inc. increased its position in shares of Polaris by 174.1% during the first quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock valued at $37,000 after purchasing an additional 235 shares during the period. Finally, First United Bank & Trust bought a new stake in shares of Polaris during the fourth quarter valued at approximately $40,000. 88.06% of the stock is owned by institutional investors.

About Polaris

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.