BMO Capital Markets Increases Harley-Davidson Price Target to $74.00 (HOG)
Investment analysts at BMO Capital Markets raised their price target on shares of Harley-Davidson (NYSE:HOG) to $74.00 in a note issued to investors on Friday, ARN reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 14.78% from the company’s current price.
A number of other firms have also recently commented on HOG. Analysts at Citigroup Inc. raised their price target on shares of Harley-Davidson (NYSE:HOG) from $64.00 to $72.00 in a research note to investors on Monday, September 9th. They now have a “buy” rating on the stock. Separately, analysts at Barclays Capital raised their price target on shares of Harley-Davidson (NYSE:HOG) from $58.00 to $60.00 in a research note to investors on Wednesday, August 21st. They now have an “overweight” rating on the stock. Finally, analysts at Wells Fargo & Co. reiterated an “outperform” rating on shares of Harley-Davidson (NYSE:HOG) in a research note to investors on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Harley-Davidson has an average rating of “Buy” and a consensus target price of $61.69.
Shares of Harley-Davidson (NYSE:HOG) traded up 1.78% on Friday, hitting $65.62. The stock had a trading volume of 431,673 shares. Harley-Davidson has a 52 week low of $41.21 and a 52 week high of $65.86. The stock has a 50-day moving average of $62.08 and a 200-day moving average of $56.55. The company has a market cap of $14.637 billion and a P/E ratio of 20.82.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.18 by $0.03. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the prior year, the company posted $1.07 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. On average, analysts predict that Harley-Davidson will post $3.28 earnings per share for the current fiscal year.
Harley-Davidson, Inc produces heavyweight cruiser and touring motorcycles. HDFS provides wholesale and retail financing and insurance programs primarily to Harley-Davidson dealers and customers.
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