RBC Capital Markets Analysts Give Harley-Davidson Inc. (HOG) a $46.00 Price Target
Harley-Davidson Inc. (NYSE:HOG) has been assigned a $46.00 target price by equities research analysts at RBC Capital Markets in a research report issued on Wednesday. The firm presently has a a “sell” rating on the stock. RBC Capital Markets’ price objective would indicate a potential downside of 15.98% from the stock’s current price.
Several other equities research analysts also recently commented on HOG. Wedbush reaffirmed a “hold” rating on shares of Harley-Davidson in a report on Saturday, September 17th. Barclays PLC downgraded shares of Harley-Davidson from an “equal weight” rating to an “underperform” rating and dropped their price objective for the company from $49.00 to $45.00 in a report on Friday, July 29th. Stifel Nicolaus reaffirmed a “hold” rating and set a $50.00 price objective on shares of Harley-Davidson in a report on Friday, October 14th. UBS AG reaffirmed a “hold” rating on shares of Harley-Davidson in a report on Friday, October 14th. Finally, Royal Bank Of Canada upped their price objective on shares of Harley-Davidson from $43.00 to $46.00 and gave the company an “underperform” rating in a report on Wednesday. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $51.47.
Shares of Harley-Davidson (NYSE:HOG) traded up 1.03% during midday trading on Wednesday, hitting $54.75. 5,193,878 shares of the company traded hands. Harley-Davidson has a 52 week low of $36.36 and a 52 week high of $57.33. The stock has a market capitalization of $9.89 billion, a PE ratio of 14.57 and a beta of 1.05. The stock has a 50 day moving average of $51.63 and a 200-day moving average of $49.05.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/19/rbc-capital-markets-increases-harley-davidson-inc-hog-price-target-to-46-00.html
Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Tuesday, October 18th. The company reported $0.64 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.64. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.09 billion. Harley-Davidson had a net margin of 13.23% and a return on equity of 34.33%. The company’s revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 earnings per share. Equities analysts forecast that Harley-Davidson will post $3.87 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Tuesday, September 13th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend was Friday, September 9th. Harley-Davidson’s payout ratio is 36.65%.
In related news, VP Paul J. Jones sold 2,517 shares of the firm’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $54.03, for a total value of $135,993.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lawrence G. Hund sold 12,537 shares of the firm’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of $53.23, for a total value of $667,344.51. Following the completion of the sale, the insider now directly owns 16,922 shares of the company’s stock, valued at approximately $900,758.06. The disclosure for this sale can be found here. 0.99% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in HOG. Everence Capital Management Inc. acquired a new stake in shares of Harley-Davidson during the third quarter worth approximately $226,000. MAI Capital Management raised its stake in shares of Harley-Davidson by 4.5% in the third quarter. MAI Capital Management now owns 19,954 shares of the company’s stock worth $1,049,000 after buying an additional 859 shares during the last quarter. Putnam FL Investment Management Co. acquired a new stake in shares of Harley-Davidson during the third quarter worth approximately $804,000. Charter Trust Co. raised its stake in shares of Harley-Davidson by 20.6% in the third quarter. Charter Trust Co. now owns 7,845 shares of the company’s stock worth $412,000 after buying an additional 1,341 shares during the last quarter. Finally, National Pension Service raised its stake in shares of Harley-Davidson by 9.4% in the third quarter. National Pension Service now owns 173,457 shares of the company’s stock worth $9,122,000 after buying an additional 14,931 shares during the last quarter. 94.88% of the stock is owned by institutional investors.
Harley-Davidson Company Profile
Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road l Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services.
Receive News & Ratings for Harley-Davidson Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harley-Davidson Inc. and related companies with MarketBeat.com's FREE daily email newsletter.