JPMorgan Chase & Co. Increases Harley-Davidson Price Target to $70.00 (HOG)
Analysts at JPMorgan Chase & Co. lifted their target price on shares of Harley-Davidson (NYSE:HOG) from $62.00 to $70.00 in a research report issued to clients and investors on Wednesday, AnalystRatings.Net reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 7.73% from the company’s current price.
Harley-Davidson (NYSE:HOG) opened at 64.98 on Wednesday. Harley-Davidson has a one year low of $40.59 and a one year 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 $14.494 billion and a P/E ratio of 20.96.
Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.59 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis. On average, analysts predict that Harley-Davidson will post $3.26 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on HOG. Analysts at Deutsche Bank raised their price target on shares of Harley-Davidson from $52.00 to $63.00 in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Separately, 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. Finally, 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. One 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 given a strong buy rating to the company’s stock. Harley-Davidson presently has an average rating of “Buy” and a consensus price target of $65.36.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.