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

Shares of Polaris Inc. (NYSE:PII) have received a consensus recommendation of “Hold” from the eleven research firms that are covering the stock, Marketbeat.com reports. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $77.82.

A number of research firms have issued reports on PII. KeyCorp lowered Polaris from an “overweight” rating to a “sector weight” rating in a report on Wednesday, January 8th. Robert W. Baird cut their price target on Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a report on Monday, December 30th. DA Davidson cut their target price on Polaris from $84.00 to $69.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. StockNews.com cut shares of Polaris from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $60.00 price target (down previously from $81.00) on shares of Polaris in a research report on Tuesday.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PII. Envestnet Asset Management Inc. increased its position in Polaris by 0.9% during the second quarter. Envestnet Asset Management Inc. now owns 91,612 shares of the company’s stock worth $7,174,000 after acquiring an additional 831 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Polaris by 10.8% in the second quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock worth $76,994,000 after purchasing an additional 96,194 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in Polaris by 67.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,657 shares of the company’s stock worth $365,000 after purchasing an additional 1,881 shares during the period. Hsbc Holdings PLC acquired a new stake in Polaris during the second quarter worth about $1,211,000. Finally, Sei Investments Co. increased its holdings in Polaris by 31.0% in the 2nd quarter. Sei Investments Co. now owns 3,601 shares of the company’s stock valued at $282,000 after buying an additional 853 shares during the period. 88.06% of the stock is owned by institutional investors and hedge funds.

Polaris Stock Performance

Shares of PII opened at $53.74 on Thursday. Polaris has a one year low of $52.77 and a one year high of $100.91. The company has a 50-day moving average of $61.14 and a two-hundred day moving average of $73.14. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 5.30 and a beta of 1.53.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.15). The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.77 billion. Polaris had a net margin of 2.64% and a return on equity of 17.92%. The firm’s quarterly revenue was down 23.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.71 earnings per share. On average, equities research analysts expect that Polaris will post 3.22 earnings per share for the current year.

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.