Investment Analysts’ Weekly Ratings Changes for Harley-Davidson (HOG)

A number of firms have modified their ratings and price targets on shares of Harley-Davidson (NYSE: HOG) recently:

  • 2/6/2018 – Harley-Davidson had its price target lowered by analysts at Citigroup Inc from $57.00 to $55.00. They now have a “buy” rating on the stock.
  • 2/5/2018 – Harley-Davidson was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Harley-Davidson’s earnings and revenues beat the Zacks Consensus Estimate in the fourth-quarter of fiscal 2017. Compared to the year-ago figures, both earnings and revenues were higher. The company is focusing to develop electric motorcycles technologies and aims to launch these motorcycles in the next 18 months. Further, in order to expand its international presence, the company is adding new dealerships and launching new products. However, declined worldwide sales and a waning operating margin is a concern. Moreover, it has provided a weak guidance for fiscal 2018. Also, in the last six months, Harley-Davidson’s shares have underperformed the industry it belongs to.”
  • 2/2/2018 – Harley-Davidson was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $55.00 price target on the stock. According to Zacks, “Harley-Davidson’s earnings and revenues beat the Zacks Consensus Estimate in the fourth-quarter of fiscal 2017. Compared to the year-ago figures, both earnings and revenues were higher. The company is focusing to develop electric motorcycles technologies and aims to launch these motorcycles in the next 18 months. Further, in order to expand its international presence, the company is adding new dealerships and launching new products. In 2017, it added 57 new international dealer points, worldwide. Also, in the last three months, Harley-Davidson’s shares have outperformed the industry it belongs to.”
  • 2/2/2018 – Harley-Davidson was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 2/1/2018 – Harley-Davidson had its price target lowered by analysts at Wells Fargo & Co from $59.00 to $53.00. They now have an “outperform” rating on the stock.
  • 1/31/2018 – Harley-Davidson had its price target lowered by analysts at Stifel Nicolaus from $54.00 to $49.00. They now have a “hold” rating on the stock.
  • 1/22/2018 – Harley-Davidson was upgraded by analysts at Wells Fargo & Co from a “market perform” rating to an “outperform” rating. They now have a $59.00 price target on the stock.
  • 1/17/2018 – Harley-Davidson had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $54.00 price target on the stock, up previously from $49.00.
  • 1/10/2018 – Harley-Davidson had its price target lowered by analysts at Wedbush to $49.00. They now have a “neutral” rating on the stock.
  • 1/4/2018 – Harley-Davidson was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Over the past 60 days, the Zacks Consensus Estimate for Harley-Davidson’s quarterly estimates has gone up. The company is making long-term investments with an aim to expand its product portfolio and market its products. This strategy is expected to drive customer growth for the company. Also, an improved financial position enables it to pay dividends and boost shareholder confidence in Harley-Davidson. However, continuous decline in worldwide retail sales, macroeconomic challenges in some regions as well as higher manufacturing costs are a few concerns for the company. Also, in the last six months, Harley-Davidson’s shares have underperformed the industry it belongs to.”
  • 1/3/2018 – Harley-Davidson was downgraded by analysts at Goldman Sachs Group Inc to a “hold” rating. They now have a $43.00 price target on the stock.
  • 1/3/2018 – Harley-Davidson was downgraded by analysts at Longbow Research from a “neutral” rating to an “underperform” rating.
  • 1/2/2018 – Harley-Davidson was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $57.00 price target on the stock. According to Zacks, “Over the past 60 days, the Zacks Consensus Estimate for Harley-Davidson’s quarterly estimates has been going up of late. The company is making long-term investments with an aim to expand its product portfolio and market its products. This strategy is expected to drive customer growth for the company. Also, an improved financial position enables it to pay dividends and boost shareholder confidence in Harley-Davidson. However, continuous decline in worldwide retail sales, macroeconomic challenges in some regions as well as higher manufacturing costs are a few concerns for the company. Also, in the last six months, Harley-Davidson’s shares have underperformed the industry it belongs to.”

Shares of Harley-Davidson Inc (HOG) opened at $47.83 on Monday. The firm has a market cap of $8,049.56, a P/E ratio of 16.05, a PEG ratio of 1.60 and a beta of 0.84. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 2.49. Harley-Davidson Inc has a 1-year low of $44.52 and a 1-year high of $63.40.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.08. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. Harley-Davidson had a net margin of 10.62% and a return on equity of 31.23%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.27 EPS. research analysts predict that Harley-Davidson Inc will post 3.75 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Wednesday, February 14th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.09%. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.37. The ex-dividend date is Tuesday, February 13th. Harley-Davidson’s payout ratio is presently 48.99%.

In other news, VP Paul J. Jones sold 870 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $47.62, for a total value of $41,429.40. Following the completion of the sale, the vice president now directly owns 3,399 shares in the company, valued at approximately $161,860.38. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.70% of the company’s stock.

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.

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