Harley-Davidson Stock Rating Reaffirmed by Wells Fargo & Co. (HOG)
Harley-Davidson (NYSE:HOG)‘s stock had its “outperform” rating reiterated by equities research analysts at Wells Fargo & Co. in a research note issued to investors on Thursday, AnalystRatings.NET reports. They currently have a $71.00 price objective on the stock. Wells Fargo & Co.’s price target points to a potential upside of 11.06% from the stock’s previous close.
Harley-Davidson (NYSE:HOG) traded up 1.02% on Thursday, hitting $64.58. The stock had a trading volume of 408,102 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 $62.76 and a 200-day moving average of $56.88. The company has a market cap of $14.405 billion and a P/E ratio of 20.64.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.07 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts predict that Harley-Davidson will post $3.29 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Barclays Capital reiterated a “buy” rating on shares of Harley-Davidson in a research note to investors on Friday, October 4th. They now have a $60.00 price target on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Harley-Davidson from $65.00 to $74.00 in a research note to investors on Friday, October 4th. They now have an “outperform” rating on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of Harley-Davidson 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. One analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $62.36.
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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