Polaris Inc. (NYSE:PII – Get Free Report) has been assigned a consensus rating of “Hold” from the twelve research firms that are currently covering the stock, Marketbeat.com reports. Ten analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $66.17.
PII has been the subject of several analyst reports. Truist Financial reduced their price target on Polaris from $60.00 to $55.00 and set a “hold” rating for the company in a report on Wednesday, January 29th. Robert W. Baird dropped their price objective on Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a research report on Monday, December 30th. KeyCorp cut Polaris from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, January 8th. BMO Capital Markets dropped their price objective on Polaris from $60.00 to $50.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 29th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $60.00 price objective (down from $81.00) on shares of Polaris in a research report on Tuesday, January 21st.
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Polaris Price Performance
Shares of NYSE:PII opened at $42.42 on Friday. Polaris has a 1-year low of $39.79 and a 1-year high of $100.91. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39. The business has a fifty day moving average price of $48.63 and a 200-day moving average price of $63.94. The company has a market capitalization of $2.38 billion, a PE ratio of 21.64, a PEG ratio of 13.95 and a beta of 1.54.
Polaris (NYSE:PII – Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, beating 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%. As a group, equities analysts expect that Polaris will post 1.11 EPS for the current fiscal year.
Polaris Increases Dividend
The business 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. The ex-dividend date is Monday, March 3rd. This represents a $2.68 annualized dividend and a dividend yield of 6.32%. This is an increase from Polaris’s previous quarterly dividend of $0.66. Polaris’s dividend payout ratio (DPR) is 136.73%.
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.
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