Harley-Davidson Given New $63.00 Price Target at Barclays (HOG)
Equities research analysts at Barclays lifted their price target on shares of Harley-Davidson (NYSE:HOG) from $60.00 to $63.00 in a research note issued to investors on Wednesday, Analyst Ratings News reports. The firm currently has an “overweight” rating on the stock. Barclays’ price objective points to a potential downside of 2.64% from the company’s current price.
A number of other firms have also recently commented on HOG. Analysts at Zacks reiterated a “neutral” rating on shares of Harley-Davidson in a research note to investors on Wednesday. They now have a $68.00 price target on the stock. Separately, analysts at BMO Capital Markets cut their price target on shares of Harley-Davidson from $74.00 to $72.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Finally, analysts at Ned Davis Research downgraded shares of Harley-Davidson from a “buy” rating to a “neutral” rating in a research note to investors on Monday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $63.86.
Shares of Harley-Davidson (NYSE:HOG) traded down 1.03% on Wednesday, hitting $64.045. The stock had a trading volume of 869,749 shares. Harley-Davidson has a 52 week low of $40.59 and a 52 week high of $63.74. The stock’s 50-day moving average is $59.51 and its 200-day moving average is $55.48. The company has a market cap of $14.285 billion and a price-to-earnings ratio of 20.89.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.73. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, analysts predict that Harley-Davidson will post $3.30 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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