Harley-Davidson Rating Reiterated by Citigroup Inc. (HOG)
Harley-Davidson (NYSE:HOG)‘s stock had its “buy” rating restated by analysts at Citigroup Inc. in a research report issued to clients and investors on Monday. They currently have a $77.00 price objective on the stock, down from their previous price objective of $85.00. Citigroup Inc.’s target price suggests a potential upside of 22.34% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at BMO Capital Markets cut their price target on shares of Harley-Davidson from $80.00 to $73.00 in a research note on Wednesday, July 23rd. They now have an “outperform” rating on the stock. Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of Harley-Davidson in a research note on Wednesday, July 23rd. They now have a $72.00 price target on the stock, down previously from $74.00. Finally, analysts at Barclays cut their price target on shares of Harley-Davidson from $70.00 to $66.00 in a research note on Wednesday, July 23rd. They now have an “equal weight” rating on the stock. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Harley-Davidson currently has an average rating of “Hold” and a consensus price target of $73.50.
Harley-Davidson (NYSE:HOG) traded down 1.58% on Monday, hitting $62.94. 1,709,305 shares of the company’s stock traded hands. Harley-Davidson has a 52-week low of $55.00 and a 52-week high of $74.13. The stock’s 50-day moving average is $68.62 and its 200-day moving average is $68.15. The company has a market cap of $13.706 billion and a P/E ratio of 16.47.
Harley-Davidson (NYSE:HOG) last released its earnings data on Tuesday, July 22nd. The company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.16. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the company posted $1.21 earnings per share. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, analysts predict that Harley-Davidson will post $3.81 earnings per share for the current fiscal year.
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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