Shares of Harley-Davidson Inc (NYSE:HOG) have received a consensus rating of “Hold” from the eighteen ratings firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $43.69.
HOG has been the topic of several analyst reports. Royal Bank of Canada reduced their price objective on Harley-Davidson from $45.00 to $43.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 17th. ValuEngine cut Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Tuesday, October 16th. Robert W. Baird reduced their price objective on Harley-Davidson from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Thursday, December 13th. Zacks Investment Research cut Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Monday, January 21st. Finally, Argus reduced their price objective on Harley-Davidson from $50.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday, October 24th.
A number of institutional investors have recently bought and sold shares of HOG. Raymond James & Associates raised its stake in Harley-Davidson by 87.9% in the second quarter. Raymond James & Associates now owns 19,246 shares of the company’s stock valued at $810,000 after buying an additional 9,006 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Harley-Davidson by 9.9% in the second quarter. Advisors Asset Management Inc. now owns 18,502 shares of the company’s stock valued at $779,000 after buying an additional 1,661 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Harley-Davidson by 62.7% in the third quarter. State of Alaska Department of Revenue now owns 55,192 shares of the company’s stock valued at $2,498,000 after buying an additional 21,271 shares in the last quarter. Bank of Montreal Can raised its stake in Harley-Davidson by 44.8% in the third quarter. Bank of Montreal Can now owns 109,934 shares of the company’s stock valued at $4,980,000 after buying an additional 34,016 shares in the last quarter. Finally, Essex Investment Management Co. LLC acquired a new stake in Harley-Davidson in the third quarter valued at $1,040,000. Institutional investors own 88.60% of the company’s stock.
Shares of HOG traded up $0.52 during midday trading on Tuesday, hitting $36.21. 27,515 shares of the stock were exchanged, compared to its average volume of 2,497,561. Harley-Davidson has a 52-week low of $31.36 and a 52-week high of $48.76. The firm has a market cap of $5.82 billion, a P/E ratio of 9.56, a P/E/G ratio of 1.27 and a beta of 1.17. The company has a quick ratio of 1.09, a current ratio of 1.25 and a debt-to-equity ratio of 2.76.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, January 29th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.16). The company had revenue of $955.63 billion during the quarter, compared to analyst estimates of $1.05 billion. Harley-Davidson had a net margin of 9.30% and a return on equity of 30.76%. The firm’s revenue was up 91173.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.05 earnings per share. Sell-side analysts expect that Harley-Davidson will post 3.48 earnings per share for the current year.
Harley-Davidson, Inc primarily manufactures and sells cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products, and Financial Services. The Motorcycles & Related Products segment 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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