How to Buy Polaris Stock
Polaris Inc
Polaris is a recreational vehicle company located in Minnesota, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker PII on the NYSE exchange.
Polaris stock last closed at $84.11, down 0.86% from the previous day, and has decreased 20.4% in one year. It has underperformed other stocks in the Recreational Vehicles industry by 0.03 percentage points. Polaris stock is currently +2.57% from its 52-week low of $82.00, and -39.27% from its 52-week high of $138.49.
As of May 7, 2024, there are 56.51M shares of PII outstanding. The market cap of PII is $4.75B. In the past 24 hours, 529,230 PII shares were traded.
How to Buy Polaris Stock
Wondering how to invest in Polaris stock? Here's how.
- Choose where to buy Polaris stock: You need to pick an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you figure out where to buy Polaris stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Select your method of payment and add your details.
- Evaluate Polaris stock: The Polaris ticker symbol is PII. Is Polaris stock a good investment? Should you buy shares of PII? How do PII's underlying business fundamentals look? Do top analysts think Polaris is a good buy? Why has PII's stock price moved recently? (Hint: Our stock research website can help you evaluate if PII is a good stock to buy).
- Execute your PII trade: Decide if you will purchase PII shares at the current market price or use a limit order to purchase PII stock at a particular price.
- Keep tabs on your investment in PII: Create a watchlist to key updates about your new investment in Polaris shares.
Step 1: Choose where to buy Polaris stock
You will need an online brokerage account to access the NYSE market and buy PII stock.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked your brokerage, it's time to fill out some personal details so you can invest in PII stock today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to create a new trading account.
- Send your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you have filled out your info on the highest rated app to buy and sell stocks, you can securely and quickly fund your account:
Check out the tutorial below if you need help depositing money into your brokerage account.
Step 4: Evaluate Polaris stock
Once you have figured out the best place to buy Polaris stock, it's absolutely critical to research their stock before you buy, so you actually comprehend the risk as well as the opportunity.
Polaris Metrics
Polaris Fundamentals
WallStreetZen was designed to help average investors do more in-depth fundamental analysis.
You can view all of the due diligence checks on PII's stock page.
Is PII stock overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge PII's intrinsic value.
Using relative valuations measures:
- PII could be undervalued based on its P/E ratio of 12.19x, relative to Recreational Vehicles industry P/E ratio of 14.73x
- PII could be overvalued based on its P/B ratio of 3.45x, relative to Recreational Vehicles industry P/B ratio of 2.07x
- PII could be undervalued based on its PEG ratio of 0.24x
You can access additional valuation analysis on PII's stock here.
PII Financials at a glance
Positive Health Checks:
- There are more short-term assets than long-term liabilities on the PII balance sheet.
- Total PII debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the PII balance sheet.
- PII's operating cash flow of $696.20M allows it to safely service it's debt of $2.07B.
Negative Health Checks:
- PII has a relatively high debt to equity ratio of 3.03.
- PII profit margin has gone down from 5.5% to 4.6% in the past year.
- PII earnings of $611.70M is not sufficient to cover its interest payments.
Is Polaris stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 11 Wall Street analysts who give ratings on PII, the consensus analyst rating on Polaris is a Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
Latest PII Analyst Upgrades/Downgrades
Alexander Perry, a bottom 5% analyst from Bank of America initiates coverage on PII with a hold rating and announces their PII price target of $110.00, on Apr 3, 2024.
Brandon Rolle, a bottom 23% analyst from DA Davidson reiterates PII with a hold rating and maintains their PII price target from $80.00 to $80.00, on Mar 5, 2024.
Tristan Thomas-Martin, a top 42% analyst from BMO Capital maintains PII with a hold rating and lowers their PII price target from $100.00 to $95.00, on Jan 31, 2024.
Sabahat Khan, a top 31% analyst from RBC Capital maintains PII with a hold rating and raises their PII price target from $100.00 to $103.00, on Jan 31, 2024.
Megan Alexander, a bottom 12% analyst from Morgan Stanley upgrades PII to a strong buy rating and announces their PII price target of $113.00, on Jan 17, 2024.
You can dig deeper into what analysts are projecting on the Polaris stock forecast page.
PII Trading Indicators
Is PII Growing Revenue?
Last year, PII earnings were $393.20M. During the last five year, PII's earnings have grown by 5.54% per year. This was slower than the Recreational Vehicles industry average of 11.22%.
Last year, PII revenue was $8.49B. During the past 5 year, PII's revenue has gone up by 6.23% per year. This was slower than the Recreational Vehicles industry average of 7.77%.
Learn more about PII's earnings and revenue performance here.
Are PII executives and large shareholders buying or selling the stock?
In the past 12 months, executives and large shareholders at PII have sold more shares than they have bought.
Robert Paul MacK, CFO EVP - Finance Corp Dev of PII, was the latest PII insider to sell. They sold $21,971.28 worth of PII shares on Apr 30, 2024.
Dig into more about who owns PII stock here.
Does PII provide a stable income stream?
Polaris pays a dividend of 3.1%, compared to the Recreational Vehicles industry's average dividend yield of 2.54%. If you owned $1,000 of PII stock, you would have been paid $31.03 in the past 12 months.
Polaris dividend payments have consistently grown over the past decade and have remained stable.
Find more analysis about Polaris dividend yield and history here.
PII Social Trading Data
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Execute your PII trade
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly fine. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a given price limit, place a limit order.
Click the Open button and eToro will execute your order.
If you want additional info about buying stocks on eToro, click the helpful video below:
Step 6: Keep tabs on your investment in PII
Now that you own some PII stock, you'll want to keep up with your new investment.
Add PII to a watchlist to track your PII stock.
PII Feed
How to Buy Stock in Polaris
To reiterate, here are the 6 steps for buying Polaris stock:
- Choose where to buy Polaris stock
- Sign up for your brokerage account
- Deposit funds into your investment account
- Evaluate Polaris stock
- Execute your PII trade
- Keep tabs on your investment in PII
If you require a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to keep tabs on your investment in Polaris, hit the button below to create your watchlist.
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