Harley-Davidson, Inc. (NYSE:HOG) Receives Buy Rating from Tigress Financial
Harley-Davidson, Inc. (NYSE:HOG)‘s stock had its “buy” rating restated by investment analysts at Tigress Financial in a research note issued to investors on Friday.
A number of other research firms also recently issued reports on HOG. DA Davidson upgraded Harley-Davidson from an “underperform” rating to a “market perform” rating in a research note on Wednesday, April 12th. Raymond James Financial, Inc. upgraded Harley-Davidson from an “underperform” rating to a “market perform” rating in a research note on Wednesday, April 12th. Royal Bank Of Canada lifted their price target on Harley-Davidson from $58.00 to $60.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 5th. Jefferies Group LLC reiterated a “hold” rating and set a $49.00 price target on shares of Harley-Davidson in a research note on Thursday, April 6th. Finally, Wedbush lifted their price target on Harley-Davidson from $53.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday, April 3rd. Two research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $54.83.
Harley-Davidson (HOG) traded down 1.05% on Friday, hitting $48.26. The stock had a trading volume of 2,747,881 shares. The stock has a market capitalization of $8.49 billion, a price-to-earnings ratio of 13.76 and a beta of 0.86. Harley-Davidson has a 52 week low of $46.00 and a 52 week high of $63.40. The company has a 50-day moving average price of $53.21 and a 200-day moving average price of $56.65.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, July 18th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.10. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.60 billion. Harley-Davidson had a return on equity of 30.51% and a net margin of 12.30%. The company’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.55 EPS. Equities research analysts anticipate that Harley-Davidson will post $3.46 earnings per share for the current fiscal year.
TRADEMARK VIOLATION WARNING: This piece of content was first published by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another site, it was stolen and reposted in violation of US & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/07/21/harley-davidson-inc-nysehog-receives-buy-rating-from-tigress-financial.html.
Several large investors have recently bought and sold shares of the company. Independent Advisor Alliance boosted its stake in Harley-Davidson by 491.5% in the first quarter. Independent Advisor Alliance now owns 3,336 shares of the company’s stock worth $200,000 after buying an additional 2,772 shares during the period. Wayne Hummer Investments L.L.C. bought a new stake in Harley-Davidson during the first quarter worth approximately $200,000. Stokes & Hubbell Capital Management LLC bought a new stake in Harley-Davidson during the first quarter worth approximately $201,000. Putnam Investments LLC bought a new stake in Harley-Davidson during the fourth quarter worth approximately $204,000. Finally, Appleton Group LLC bought a new stake in Harley-Davidson during the first quarter worth approximately $210,000. 84.94% of the stock is currently 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 Harley-Davidson motorcycles, as well as 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.