Analysts Set Polaris Inc. (NYSE:PII) Target Price at $77.82

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

A number of equities analysts recently commented on PII shares. StockNews.com downgraded Polaris from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. KeyCorp downgraded Polaris from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, January 8th. Morgan Stanley reiterated an “equal weight” rating and issued a $60.00 price target (down from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. Robert W. Baird cut their target price on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a report on Monday, December 30th. Finally, Royal Bank of Canada cut their target price on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 23rd.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its position in Polaris by 44.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company’s stock worth $46,232,000 after buying an additional 171,366 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in Polaris in the third quarter worth approximately $12,670,000. Weiss Asset Management LP purchased a new position in Polaris during the 3rd quarter worth approximately $10,844,000. Dimensional Fund Advisors LP raised its stake in Polaris by 10.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock valued at $76,994,000 after purchasing an additional 96,194 shares during the period. Finally, Kiltearn Partners LLP raised its stake in Polaris by 147.9% during the 3rd quarter. Kiltearn Partners LLP now owns 154,700 shares of the company’s stock valued at $12,877,000 after purchasing an additional 92,300 shares during the period. Institutional investors and hedge funds own 88.06% of the company’s stock.

Polaris Stock Down 0.8 %

Shares of Polaris stock opened at $53.80 on Thursday. The company has a market capitalization of $3.00 billion, a PE ratio of 15.03, a P/E/G ratio of 6.05 and a beta of 1.53. Polaris has a 1-year low of $52.62 and a 1-year high of $100.91. The business has a 50-day moving average of $60.62 and a 200-day moving average of $72.85. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32.

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.