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Harley-Davidson (NYSE:HOG) was downgraded by stock analysts at Citigroup Inc. from a “buy” rating to a “hold” rating in a report issued on Wednesday, TheFlyOnTheWall.com reports.

Shares of Harley-Davidson (NYSE:HOG) opened at 70.66 on Wednesday. Harley-Davidson has a 52-week low of $50.54 and a 52-week high of $74.13. The stock’s 50-day moving average is $71.39 and its 200-day moving average is $68.31. The company has a market cap of $15.473 billion and a P/E ratio of 20.43.

Harley-Davidson (NYSE:HOG) last released its earnings data on Tuesday, April 22nd. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.13. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, analysts predict that Harley-Davidson will post $3.95 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at KeyCorp downgraded shares of Harley-Davidson from a “buy” rating to a “hold” rating in a research note on Wednesday. Separately, analysts at RBC Capital initiated coverage on shares of Harley-Davidson in a research note on Tuesday. They set a “sector perform” rating and a $74.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Harley-Davidson in a research note on Friday, June 6th. They now have a $75.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $73.59.

Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (NYSE:HOG) and Harley-Davidson Financial Services (HDFS).

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