Harley-Davidson Price Target Raised to $63.00 at Deutsche Bank (HOG)
Analysts at Deutsche Bank increased their price target on shares of Harley-Davidson (NYSE:HOG) from $52.00 to $63.00 in a research report issued to clients and investors on Wednesday, American Banking and Market News reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price target would suggest a potential downside of 2.64% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of Harley-Davidson from $60.00 to $63.00 in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $63.86.
Harley-Davidson (NYSE:HOG) traded down 1.03% during mid-day trading 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 has a 50-day moving average of $59.51 and a 200-day moving average of $55.48. The company has a market cap of $14.285 billion and a P/E 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 for the quarter, meeting the analysts’ 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 last year, the company posted $0.59 earnings per share. Harley-Davidson’s revenue was up 8.4% compared to the same quarter last year. 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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