Polaris Industries (PII) Receives $115.69 Average Target Price from Analysts

Polaris Industries (NYSE:PII) has earned an average recommendation of “Hold” from the twenty-one ratings firms that are presently covering the firm, MarketBeat Ratings reports. Fifteen research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $115.69.

PII has been the topic of a number of research reports. Longbow Research upgraded Polaris Industries from an “underperform” rating to a “neutral” rating in a report on Wednesday, January 17th. Stephens set a $133.00 target price on Polaris Industries and gave the stock a “hold” rating in a report on Friday, January 19th. Zacks Investment Research upgraded Polaris Industries from a “hold” rating to a “buy” rating and set a $148.00 target price on the stock in a report on Saturday, January 20th. Royal Bank of Canada upgraded Polaris Industries from an “underperform” rating to a “sector perform” rating and set a $127.00 target price on the stock in a report on Monday, January 22nd. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $144.00 target price (up previously from $121.00) on shares of Polaris Industries in a report on Monday, January 29th.

Shares of Polaris Industries traded up $0.89, reaching $110.77, during trading on Thursday, MarketBeat Ratings reports. The stock had a trading volume of 610,982 shares, compared to its average volume of 724,844. The firm has a market cap of $6.81 billion, a price-to-earnings ratio of 22.84, a price-to-earnings-growth ratio of 1.17 and a beta of 1.19. Polaris Industries has a 52 week low of $107.65 and a 52 week high of $109.08. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.24 and a quick ratio of 0.41.

Polaris Industries (NYSE:PII) last issued its quarterly earnings results on Tuesday, April 24th. The company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.19. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.22 billion. Polaris Industries had a return on equity of 36.32% and a net margin of 4.15%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 earnings per share. equities analysts expect that Polaris Industries will post 6.15 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Thursday, May 31st. Polaris Industries’s dividend payout ratio (DPR) is presently 49.48%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Calton & Associates Inc. acquired a new position in Polaris Industries during the fourth quarter worth approximately $112,000. Gradient Investments LLC acquired a new position in Polaris Industries during the fourth quarter worth approximately $113,000. Delpha Capital Management LLC acquired a new position in Polaris Industries during the fourth quarter worth approximately $120,000. NuWave Investment Management LLC acquired a new position in Polaris Industries during the fourth quarter worth approximately $123,000. Finally, Well Done LLC acquired a new position in Polaris Industries during the first quarter worth approximately $128,000. 85.22% of the stock is currently owned by hedge funds and other institutional investors.

About Polaris Industries

Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. The company operates through four segments: Off-Road Vehicles (ORVs)/Snowmobiles, Motorcycles, Global Adjacent Markets, and Aftermarket. It offers ORVs, including all-terrain vehicles and side-by-side vehicles for recreational and utility use; snowmobiles; motorcycles; and low emission, light duty hauling, passenger, commercial, and industrial vehicles, as well as snow bike conversion kit systems.

Analyst Recommendations for Polaris Industries (NYSE:PII)

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