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

Polaris Inc. (NYSE:PII) has earned a consensus rating of “Hold” from the thirteen analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $63.14.

PII has been the subject of several research analyst reports. Royal Bank Of Canada cut their target price on shares of Polaris from $75.00 to $72.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 28th. Bank of America reiterated a “neutral” rating on shares of Polaris in a research note on Wednesday, July 29th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Polaris in a research note on Tuesday, October 27th. Citigroup raised their price target on Polaris from $56.00 to $61.00 and gave the company a “neutral” rating in a report on Thursday, October 29th. Finally, UBS Group cut their price objective on Polaris from $67.00 to $61.00 and set a “neutral” rating for the company in a research report on Friday, September 18th.

Polaris Price Performance

NYSE PII opened at $66.63 on Wednesday. Polaris has a fifty-two week low of $47.14 and a fifty-two week high of $77.98. The stock’s 50-day moving average is $56.68 and its two-hundred day moving average is $62.42. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.06 and a quick ratio of 0.39. The firm has a market cap of $3.79 billion, a P/E ratio of -18.06 and a beta of 1.35.

Polaris (NYSE:PII) last released its quarterly earnings results on Tuesday, October 27th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.49. The company 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%. The firm’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.28) EPS. On average, analysts anticipate that Polaris will post 3.62 earnings per share for the current fiscal year.

Polaris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Tuesday, December 1st. Polaris’s dividend payout ratio (DPR) is presently -73.71%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PII. BlackRock Inc. bought a new stake in shares of Polaris during the second quarter worth $501,360,000. Canada Pension Plan Investment Board acquired a new stake in Polaris in the 2nd quarter valued at $77,817,000. Bank of New York Mellon Corp bought a new stake in shares of Polaris during the 2nd quarter worth approximately $43,780,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Polaris in the second quarter valued at $28,278,000. Finally, Allianz Asset Management GmbH lifted its stake in Polaris by 272.7% in the 2nd quarter. Allianz Asset Management GmbH now owns 386,300 shares of the company’s stock valued at $26,438,000 after purchasing an additional 282,651 shares during the last quarter. Institutional investors own 88.06% of the company’s stock.

About Polaris

Polaris Inc. designs, manufactures and markets powersports vehicles and boats. Its products include off-road vehicles such as RANGER utility vehicles, RZR side-by-sides and Sportsman all-terrain vehicles, as well as snowmobiles, Indian Motorcycle motorcycles and Slingshot three-wheel vehicles. Through its marine businesses, Polaris also offers recreational and pontoon boats, including brands such as Bennington, Godfrey and Hurricane. The company sells products and related parts, accessories and apparel through a network of dealers and distributors.