Polaris Inc. (NYSE:PII) Stock Has Consensus Price Target of $63.14 According to Analysts

Key Points

• Analysts rate Polaris “Hold” overall: Of 13 analysts, 11 recommend holding, one recommends buying, and one recommends selling. Their average 12-month price target is $63.14.
• Quarterly results beat expectations: Polaris reported EPS of $1.08 versus estimates of $0.59 and revenue of $2.04 billion versus $1.90 billion expected; revenue rose 10.9% year over year.
• Polaris declared a $0.68 quarterly dividend, equivalent to $2.72 annually and a stated yield of 4.3%.

Polaris Inc. (NYSE:PII - Get Free Report) has been given a consensus rating of "Hold" by the thirteen analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $63.14.

Several brokerages have recently weighed in on PII. Zacks Research cut Polaris from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 5th. Citigroup lifted their price objective on Polaris from $56.00 to $61.00 and gave the stock a "neutral" rating in a research note on Thursday, October 29th. UBS Group cut their price objective on Polaris from $67.00 to $61.00 and set a "neutral" rating on the stock in a research note on Friday, September 18th. Royal Bank Of Canada reduced their target price on Polaris from $75.00 to $72.00 and set a "sector perform" rating on the stock in a report on Wednesday, October 28th. Finally, Bank of America reissued a "neutral" rating on shares of Polaris in a research report on Wednesday, July 29th.

Institutional Investors Weigh In On Polaris

A number of institutional investors have recently modified their holdings of PII. Elevation Wealth Partners LLC raised its stake in Polaris by 471.0% during the second quarter. Elevation Wealth Partners LLC now owns 571 shares of the company's stock worth $39,000 after buying an additional 471 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Polaris by 128.1% in the second quarter. Versant Capital Management Inc now owns 949 shares of the company's stock valued at $65,000 after buying an additional 533 shares during the period. Sterling Capital Management LLC boosted its position in Polaris by 841.1% during the third quarter. Sterling Capital Management LLC now owns 1,807 shares of the company's stock valued at $94,000 after acquiring an additional 1,615 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Polaris during the first quarter valued at $96,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in Polaris during the second quarter valued at $123,000. 88.06% of the stock is owned by institutional investors.

Polaris Stock Performance

Shares of Polaris stock opened at $62.91 on Wednesday. The company has a quick ratio of 0.39, a current ratio of 1.06 and a debt-to-equity ratio of 1.88. Polaris has a twelve month low of $47.14 and a twelve month high of $77.98. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of -17.05 and a beta of 1.35. The company's fifty day moving average is $56.49 and its 200 day moving average is $62.53.

Polaris (NYSE:PII - Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The company reported $1.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.49. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.90 billion. Polaris had a positive return on equity of 23.19% and a negative net margin of 2.70%. Polaris's quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.28) earnings per share. Sell-side analysts forecast that Polaris will post 3.53 EPS for the current year.

Polaris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be given a $0.68 dividend. The ex-dividend date is Tuesday, December 1st. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.3%. Polaris's payout ratio is -73.71%.

Polaris Company Profile

Polaris Inc is a manufacturer of powersports products headquartered in Medina, Minnesota. Founded in 1954, the company began as a snowmobile manufacturer and has expanded into a diversified portfolio of off-road vehicles, motorcycles, snowmobiles and boats.

Its off-road vehicle lineup includes utility and recreational models sold under brands such as RANGER, RZR, Sportsman and GENERAL. Polaris also manufactures snowmobiles under the Polaris brand and motorcycles through Indian Motorcycle and Slingshot.

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