Harley-Davidson, Inc. (HOG) Price Target Cut to $55.00
Harley-Davidson, Inc. (NYSE:HOG) had its price objective cut by equities researchers at Stifel Nicolaus from $61.00 to $55.00 in a research note issued on Friday, MarketBeat Ratings reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 12.36% from the stock’s previous close.
A number of other research firms also recently weighed in on HOG. Royal Bank Of Canada raised their target price on shares of Harley-Davidson from $58.00 to $60.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 5th. Deutsche Bank AG reissued a “hold” rating and issued a $50.00 price objective (down previously from $52.00) on shares of Harley-Davidson in a research report on Thursday, April 20th. Robert W. Baird reissued a “neutral” rating and issued a $62.00 price objective on shares of Harley-Davidson in a research report on Wednesday, June 7th. BidaskClub raised shares of Harley-Davidson from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Finally, DA Davidson raised shares of Harley-Davidson from an “underperform” rating to a “market perform” rating in a research report on Wednesday, April 12th. One analyst has rated the stock with a sell rating, twenty have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $55.50.
Shares of Harley-Davidson (HOG) traded down 5.87% during midday trading on Friday, reaching $48.95. 21,066,273 shares of the company were exchanged. Harley-Davidson has a 52-week low of $46.00 and a 52-week high of $63.40. The stock has a 50-day moving average price of $53.81 and a 200 day moving average price of $57.40. The company has a market capitalization of $8.62 billion, a P/E ratio of 13.96 and a beta of 0.86. Harley-Davidson also was the target of some unusual options trading activity on Monday. Stock traders acquired 26,268 put options on the company. This is an increase of approximately 573% compared to the average daily volume of 3,906 put options.
Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, July 18th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.10. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.60 billion. Harley-Davidson had a net margin of 12.50% and a return on equity of 31.69%. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.55 earnings per share. Equities research analysts expect that Harley-Davidson will post $3.74 EPS for the current fiscal year.
TRADEMARK VIOLATION WARNING: “Harley-Davidson, Inc. (HOG) Price Target Cut to $55.00” was reported by Watch List News and is owned by of Watch List News. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.watchlistnews.com/harley-davidson-inc-hog-price-target-cut-to-55-00/1450084.html.
Hedge funds have recently modified their holdings of the company. Wayne Hummer Investments L.L.C. acquired a new stake in shares of Harley-Davidson during the first quarter valued at $200,000. Stokes & Hubbell Capital Management LLC acquired a new stake in shares of Harley-Davidson during the first quarter valued at $201,000. Independent Advisor Alliance boosted its stake in shares of Harley-Davidson by 491.5% in the first quarter. Independent Advisor Alliance now owns 3,336 shares of the company’s stock valued at $200,000 after buying an additional 2,772 shares during the period. Appleton Group LLC acquired a new stake in shares of Harley-Davidson during the first quarter valued at $210,000. Finally, Putnam Investments LLC acquired a new stake in shares of Harley-Davidson during the fourth quarter valued at $204,000. Institutional investors and hedge funds own 84.94% of the company’s stock.
Harley-Davidson Company Profile
Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.
Receive News & Ratings for Harley-Davidson Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harley-Davidson Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.