Polaris Inc. (NYSE:PII) Given Average Rating of “Hold” by Analysts

Shares of Polaris Inc. (NYSE:PII) have been assigned a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the company, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $73.45.

A number of research firms have recently issued reports on PII. KeyCorp cut shares of Polaris from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, January 8th. Roth Mkm cut their price target on Polaris from $76.00 to $57.00 and set a “neutral” rating on the stock in a report on Friday. StockNews.com lowered Polaris from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Citigroup reduced their price target on shares of Polaris from $73.00 to $57.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. Finally, DA Davidson lowered their price objective on shares of Polaris from $84.00 to $69.00 and set a “buy” rating on the stock in a report on Friday, January 17th.

Polaris Stock Up 4.8 %

Polaris stock opened at $56.39 on Thursday. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 6.05 and a beta of 1.53. Polaris has a 52-week low of $52.62 and a 52-week high of $100.91. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.32 and a current ratio of 1.21. The firm has a 50 day moving average price of $60.42 and a two-hundred day moving average price of $72.68.

Hedge Funds Weigh In On Polaris

Hedge funds and other institutional investors have recently modified their holdings of the stock. National Bank of Canada FI grew its holdings in 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 buying an additional 183 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Polaris by 0.6% during the fourth 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 during the last quarter. Quarry LP grew its stake in Polaris by 187.4% during the third quarter. Quarry LP now owns 388 shares of the company’s stock valued at $32,000 after acquiring an additional 253 shares in the last quarter. Claro Advisors LLC grew its stake in Polaris by 3.3% during the third quarter. Claro Advisors LLC now owns 7,881 shares of the company’s stock valued at $656,000 after acquiring an additional 254 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in Polaris by 7.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 3,601 shares of the company’s stock valued at $208,000 after acquiring an additional 263 shares during the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

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.