Analysts Set Polaris Inc. (NYSE:PII) Target Price at $147.07

Shares of Polaris Inc. (NYSE:PII) have been assigned an average rating of “Hold” from the eighteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $146.69.

Several equities analysts have weighed in on PII shares. Truist Securities reduced their price objective on Polaris from $150.00 to $145.00 and set a “hold” rating for the company in a report on Wednesday, July 28th. Raymond James dropped their target price on Polaris from $169.00 to $158.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, July 28th. Zacks Investment Research upgraded Polaris from a “hold” rating to a “buy” rating and set a $141.00 price objective on the stock in a research report on Thursday. Truist lowered their price objective on Polaris from $150.00 to $145.00 and set a “hold” rating on the stock in a research report on Wednesday, July 28th. They noted that the move was a valuation call. Finally, Longbow Research downgraded Polaris from a “buy” rating to a “neutral” rating in a research report on Thursday, July 1st.

Institutional investors and hedge funds have recently modified their holdings of the business. Sound Income Strategies LLC lifted its holdings in Polaris by 144.9% in the second quarter. Sound Income Strategies LLC now owns 191 shares of the company’s stock worth $26,000 after buying an additional 113 shares during the period. Strategic Blueprint LLC purchased a new stake in Polaris in the second quarter worth about $30,000. Parisi Gray Wealth Management purchased a new stake in Polaris in the second quarter worth about $31,000. Jacobi Capital Management LLC purchased a new stake in Polaris in the second quarter worth about $46,000. Finally, Northern Oak Wealth Management Inc. purchased a new stake in Polaris in the second quarter worth about $48,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

NYSE:PII opened at $125.76 on Monday. The firm has a market capitalization of $7.62 billion, a price-to-earnings ratio of 12.05 and a beta of 1.95. The company has a current ratio of 1.17, a quick ratio of 0.34 and a debt-to-equity ratio of 1.14. The business’s 50-day moving average price is $123.70 and its two-hundred day moving average price is $130.88. Polaris has a 1-year low of $88.68 and a 1-year high of $147.73.

Polaris (NYSE:PII) last released its quarterly earnings results on Tuesday, July 27th. The company reported $2.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.17 by $0.53. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Polaris had a return on equity of 65.96% and a net margin of 8.05%. The firm’s revenue for the quarter was up 40.2% compared to the same quarter last year. During the same period last year, the firm posted $1.30 EPS. Sell-side analysts predict that Polaris will post 9.59 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 15th. Investors of record on Wednesday, September 1st were paid a $0.63 dividend. The ex-dividend date of this dividend was Tuesday, August 31st. This represents a $2.52 annualized dividend and a dividend yield of 2.00%. Polaris’s payout ratio is presently 32.56%.

Polaris Company Profile

Polaris Inc engages in designing, engineering, and manufacturing power sports vehicles. It operates through the following segments ORV, Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company was founded by Allen Hetteen, Edgar E. Hetteen, and David Johnson in 1954 and is headquartered in Medina, MN.

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Analyst Recommendations for Polaris (NYSE:PII)

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