Polaris’ (PII) Sector Perform Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reissued their sector perform rating on shares of Polaris (NYSE:PII) in a research note published on Monday,Benzinga reports. The brokerage currently has a $54.00 price objective on the stock.

Several other research analysts also recently commented on the company. Citigroup cut their target price on Polaris from $57.00 to $53.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Robert W. Baird reduced their price objective on shares of Polaris from $64.00 to $56.00 and set an “outperform” rating for the company in a research note on Monday. Morgan Stanley reiterated an “equal weight” rating and issued a $60.00 target price (down from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. UBS Group reduced their price target on shares of Polaris from $67.00 to $48.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Finally, KeyCorp downgraded Polaris from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $61.50.

Polaris Stock Up 3.9 %

Shares of NYSE PII opened at $44.00 on Monday. 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 stock has a market capitalization of $2.47 billion, a PE ratio of 22.45, a P/E/G ratio of 13.95 and a beta of 1.54. Polaris has a one year low of $39.79 and a one year high of $100.91. The business’s fifty day moving average price is $48.34 and its 200-day moving average price is $63.66.

Polaris (NYSE:PII) last issued its earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%. On average, equities research analysts anticipate that Polaris will post 1.11 EPS for the current year.

Polaris Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.09%. This is a boost from Polaris’s previous quarterly dividend of $0.66. The ex-dividend date was Monday, March 3rd. Polaris’s dividend payout ratio (DPR) is currently 136.73%.

Institutional Investors Weigh In On Polaris

A number of hedge funds have recently made changes to their positions in the business. National Bank of Canada FI grew its holdings in shares of Polaris by 19.9% during the 3rd quarter. National Bank of Canada FI now owns 1,101 shares of the company’s stock valued at $92,000 after purchasing an additional 183 shares during the last quarter. Nordea Investment Management AB boosted its position in Polaris by 0.6% during the fourth quarter. Nordea Investment Management AB now owns 28,811 shares of the company’s stock valued at $1,676,000 after buying an additional 183 shares during the period. TD Waterhouse Canada Inc. grew its stake in shares of Polaris by 1.1% during the fourth quarter. TD Waterhouse Canada Inc. now owns 22,484 shares of the company’s stock valued at $1,295,000 after buying an additional 241 shares during the last quarter. Quarry LP increased its holdings in shares of Polaris by 187.4% in the third quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after buying an additional 253 shares during the period. Finally, Claro Advisors LLC lifted its stake in shares of Polaris by 3.3% in the 3rd quarter. Claro Advisors LLC now owns 7,881 shares of the company’s stock valued at $656,000 after acquiring an additional 254 shares during the last quarter. 88.06% of the stock is currently owned by institutional investors.

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.