Brokerages Set Polaris Inc. (NYSE:PII) Price Target at $102.44

Shares of Polaris Inc. (NYSE:PIIGet Free Report) have received a consensus recommendation of “Hold” from the eleven ratings firms that are covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $102.44.

A number of equities research analysts have issued reports on PII shares. BMO Capital Markets cut their price target on shares of Polaris from $100.00 to $95.00 and set a “market perform” rating on the stock in a report on Wednesday, January 31st. Royal Bank of Canada raised their price target on shares of Polaris from $100.00 to $103.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 31st. Truist Financial cut their price target on shares of Polaris from $100.00 to $96.00 and set a “hold” rating on the stock in a report on Wednesday, January 31st. Morgan Stanley raised shares of Polaris from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $103.00 to $113.00 in a research note on Wednesday, January 17th. Finally, KeyCorp lowered their price target on shares of Polaris from $115.00 to $105.00 and set an “overweight” rating for the company in a research report on Friday, January 12th.

Get Our Latest Analysis on Polaris

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its position in Polaris by 71.2% during the second quarter. Farther Finance Advisors LLC now owns 250 shares of the company’s stock valued at $30,000 after buying an additional 104 shares during the period. Creekmur Asset Management LLC purchased a new stake in shares of Polaris in the fourth quarter valued at $27,000. Money Concepts Capital Corp raised its stake in shares of Polaris by 89.1% in the fourth quarter. Money Concepts Capital Corp now owns 312 shares of the company’s stock valued at $32,000 after acquiring an additional 147 shares during the period. Huntington National Bank raised its stake in shares of Polaris by 526.0% in the second quarter. Huntington National Bank now owns 313 shares of the company’s stock valued at $38,000 after acquiring an additional 263 shares during the period. Finally, Quarry LP raised its stake in shares of Polaris by 150.8% in the fourth quarter. Quarry LP now owns 321 shares of the company’s stock valued at $30,000 after acquiring an additional 193 shares during the period. 88.06% of the stock is owned by hedge funds and other institutional investors.

Polaris Price Performance

Shares of NYSE:PII opened at $100.12 on Friday. The company’s fifty day moving average price is $92.44 and its 200-day moving average price is $92.90. The firm has a market capitalization of $5.65 billion, a price-to-earnings ratio of 11.51 and a beta of 1.59. Polaris has a one year low of $82.00 and a one year high of $138.49. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.39 and a quick ratio of 0.46.

Polaris (NYSE:PIIGet Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.69). Polaris had a net margin of 5.63% and a return on equity of 40.98%. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same period last year, the company posted $3.46 EPS. Polaris’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, equities research analysts anticipate that Polaris will post 7.98 earnings per share for the current fiscal year.

Polaris Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 2.64%. This is a boost from Polaris’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Thursday, February 29th. Polaris’s payout ratio is presently 30.34%.

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.

Further Reading

Analyst Recommendations for Polaris (NYSE:PII)

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