Polaris Inc. (NYSE:PII) Receives Average Recommendation of “Hold” from Brokerages

Shares of Polaris Inc. (NYSE:PII) have earned an average rating of “Hold” from the eleven brokerages that are covering the firm, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $73.45.

A number of brokerages recently weighed in on PII. Robert W. Baird cut their price objective on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a research note on Monday, December 30th. Royal Bank of Canada reduced their price target on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 23rd. Citigroup lowered their price objective on shares of Polaris from $73.00 to $57.00 and set a “neutral” rating on the stock in a research note on Thursday, January 23rd. KeyCorp downgraded Polaris from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, January 8th. Finally, StockNews.com cut Polaris from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th.

Institutional Investors Weigh In On Polaris

Hedge funds and other institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. grew its stake in shares of Polaris by 0.9% during the second quarter. Envestnet Asset Management Inc. now owns 91,612 shares of the company’s stock worth $7,174,000 after buying an additional 831 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Polaris by 10.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock worth $76,994,000 after purchasing an additional 96,194 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Polaris by 67.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,657 shares of the company’s stock valued at $365,000 after purchasing an additional 1,881 shares during the last quarter. Hsbc Holdings PLC bought a new stake in shares of Polaris during the second quarter worth about $1,211,000. Finally, Sei Investments Co. increased its stake in shares of Polaris by 31.0% in the second quarter. Sei Investments Co. now owns 3,601 shares of the company’s stock valued at $282,000 after buying an additional 853 shares during the period. Institutional investors and hedge funds own 88.06% of the company’s stock.

Polaris Stock Up 4.8 %

Shares of Polaris stock opened at $56.39 on Thursday. Polaris has a twelve month low of $52.62 and a twelve month high of $100.91. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 6.05 and a beta of 1.53. The company has a current ratio of 1.21, a quick ratio of 0.32 and a debt-to-equity ratio of 1.28. The business’s 50 day simple moving average is $60.42 and its 200-day simple moving average is $72.68.

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.