Polaris Inc. (NYSE:PII) Receives Average Rating of “Hold” from Analysts

Shares of Polaris Inc. (NYSE:PII) have been assigned a consensus rating of “Hold” from the eleven analysts that are currently covering the stock, MarketBeat.com reports. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $68.64.

PII has been the subject of several research reports. Royal Bank of Canada dropped their price objective on shares of Polaris from $65.00 to $54.00 and set a “sector perform” rating for the company in a research note on Wednesday. StockNews.com cut Polaris from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. KeyCorp lowered Polaris from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, January 8th. Citigroup cut their target price on Polaris from $57.00 to $53.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Truist Financial lowered their price target on shares of Polaris from $60.00 to $55.00 and set a “hold” rating on the stock in a research report on Wednesday.

Institutional Investors Weigh In On Polaris

A number of institutional investors and hedge funds have recently made changes to their positions in PII. National Bank of Canada FI boosted its holdings in shares of Polaris by 19.9% in the third quarter. National Bank of Canada FI now owns 1,101 shares of the company’s stock valued at $92,000 after acquiring an additional 183 shares during the period. Nordea Investment Management AB raised its position in Polaris by 0.6% in the 4th quarter. Nordea Investment Management AB now owns 28,811 shares of the company’s stock valued at $1,676,000 after purchasing an additional 183 shares during the last quarter. Quarry LP boosted its stake in Polaris by 187.4% during the 3rd quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after purchasing an additional 253 shares during the period. Claro Advisors LLC grew its position in Polaris by 3.3% during the 3rd quarter. Claro Advisors LLC now owns 7,881 shares of the company’s stock worth $656,000 after purchasing an additional 254 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in Polaris by 7.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 3,601 shares of the company’s stock valued at $208,000 after purchasing an additional 263 shares during the period. 88.06% of the stock is owned by hedge funds and other institutional investors.

Polaris Price Performance

Shares of Polaris stock opened at $48.79 on Thursday. The stock has a market capitalization of $2.72 billion, a P/E ratio of 13.63, a PEG ratio of 6.05 and a beta of 1.53. The business has a 50 day simple moving average of $59.80 and a two-hundred day simple moving average of $72.30. Polaris has a 12 month low of $48.44 and a 12 month high of $100.91. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32.

Polaris (NYSE:PII) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Polaris had a return on equity of 17.92% and a net margin of 2.64%. As a group, analysts predict that Polaris will post 3.22 EPS for the current fiscal year.

Polaris Company Profile

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.