Analysts at DA Davidson initiated coverage on shares of Harley-Davidson (NYSE:HOG – Get Rating) in a research report issued on Thursday, MarketBeat Ratings reports. The firm set a “neutral” rating and a $35.00 price target on the stock. DA Davidson’s target price would suggest a potential upside of 9.41% from the company’s previous close.
Several other research analysts have also recently weighed in on HOG. Northcoast Research reissued a “neutral” rating on shares of Harley-Davidson in a report on Tuesday, May 17th. Robert W. Baird decreased their target price on shares of Harley-Davidson from $60.00 to $55.00 and set an “outperform” rating on the stock in a research report on Thursday, April 28th. TheStreet upgraded shares of Harley-Davidson from a “c+” rating to a “b” rating in a research report on Wednesday, April 27th. Wolfe Research reiterated a “buy” rating and set a $45.00 price target on shares of Harley-Davidson in a research report on Friday, May 20th. Finally, StockNews.com started coverage on shares of Harley-Davidson in a research report on Thursday, March 31st. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $46.62.
Shares of NYSE HOG opened at $31.99 on Thursday. The firm has a market cap of $4.71 billion, a PE ratio of 8.06, a PEG ratio of 0.88 and a beta of 1.30. The company has a current ratio of 1.34, a quick ratio of 1.12 and a debt-to-equity ratio of 1.78. Harley-Davidson has a 1-year low of $29.80 and a 1-year high of $47.23. The company has a fifty day moving average price of $34.55 and a 200 day moving average price of $37.00.
Harley-Davidson (NYSE:HOG – Get Rating) last issued its quarterly earnings results on Wednesday, April 27th. The company reported $1.45 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.07). Harley-Davidson had a return on equity of 27.07% and a net margin of 11.78%. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the firm earned $1.68 earnings per share. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. Equities research analysts forecast that Harley-Davidson will post 4.18 EPS for the current year.
A number of large investors have recently modified their holdings of the stock. CIBC Asset Management Inc boosted its stake in shares of Harley-Davidson by 4.1% in the 4th quarter. CIBC Asset Management Inc now owns 6,591 shares of the company’s stock valued at $248,000 after purchasing an additional 262 shares in the last quarter. Synovus Financial Corp boosted its stake in shares of Harley-Davidson by 1.4% in the 4th quarter. Synovus Financial Corp now owns 19,603 shares of the company’s stock valued at $743,000 after purchasing an additional 267 shares in the last quarter. Comerica Bank boosted its stake in shares of Harley-Davidson by 0.4% in the 1st quarter. Comerica Bank now owns 71,883 shares of the company’s stock valued at $2,964,000 after purchasing an additional 276 shares in the last quarter. Xponance Inc. boosted its stake in shares of Harley-Davidson by 1.8% in the 1st quarter. Xponance Inc. now owns 17,363 shares of the company’s stock valued at $684,000 after purchasing an additional 313 shares in the last quarter. Finally, Pacific Global Investment Management Co. boosted its stake in shares of Harley-Davidson by 2.5% in the 1st quarter. Pacific Global Investment Management Co. now owns 13,650 shares of the company’s stock valued at $538,000 after purchasing an additional 337 shares in the last quarter. 91.69% of the stock is owned by institutional investors.
Harley-Davidson Company Profile (Get Rating)
Harley-Davidson, Inc manufactures and sells motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, apparel, and related services.
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