Polaris Inc. (NYSE:PII) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Polaris Inc. (NYSE:PII) have been given an average recommendation of “Hold” by the twelve brokerages that are covering the stock, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $66.17.

Several research analysts recently weighed in on PII shares. Robert W. Baird cut their target price on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a research note on Monday, December 30th. BMO Capital Markets lowered their price target on Polaris from $60.00 to $50.00 and set a “market perform” rating for the company in a report on Wednesday, January 29th. Citigroup lowered their price target on Polaris from $57.00 to $53.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Morgan Stanley restated an “equal weight” rating and issued a $60.00 price target (down previously from $81.00) on shares of Polaris in a report on Tuesday, January 21st. Finally, UBS Group lowered their price target on Polaris from $67.00 to $48.00 and set a “neutral” rating for the company in a report on Monday, February 3rd.

Polaris Trading Down 4.9 %

Shares of PII stock opened at $42.25 on Friday. The firm has a 50-day moving average price of $49.22 and a 200 day moving average price of $64.70. Polaris has a twelve month low of $39.79 and a twelve month high of $100.91. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 13.95 and a beta of 1.54. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27.

Polaris (NYSE:PII) last announced its 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 net margin of 1.54% and a return on equity of 13.78%. Research analysts forecast that Polaris will post 1.11 earnings per share for the current fiscal year.

Polaris Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.67 per share. The ex-dividend date is Monday, March 3rd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.34%. This is a boost from Polaris’s previous quarterly dividend of $0.66. Polaris’s payout ratio is presently 136.73%.

Institutional Trading of Polaris

Institutional investors have recently modified their holdings of the company. National Bank of Canada FI lifted its position in Polaris by 19.9% during the 3rd quarter. National Bank of Canada FI now owns 1,101 shares of the company’s stock worth $92,000 after acquiring an additional 183 shares in the last quarter. Nordea Investment Management AB lifted its position in Polaris by 0.6% during the 4th quarter. Nordea Investment Management AB now owns 28,811 shares of the company’s stock worth $1,676,000 after acquiring an additional 183 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in Polaris by 1.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 22,484 shares of the company’s stock worth $1,295,000 after acquiring an additional 241 shares in the last quarter. Quarry LP lifted its position in Polaris by 187.4% during the 3rd quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after acquiring an additional 253 shares in the last quarter. Finally, Claro Advisors LLC lifted 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 acquiring an additional 254 shares in the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

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.