Harley-Davidson (NYSE:HOG) Stock Price Expected to Rise, Citigroup Analyst Says

Harley-Davidson (NYSE:HOG) had its price target increased by stock analysts at Citigroup from $24.00 to $27.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s price objective indicates a potential upside of 15.19% from the company’s previous close.

HOG has been the topic of several other reports. Robert W. Baird boosted their price objective on shares of Harley-Davidson from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, May 14th. DA Davidson reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Harley-Davidson in a research report on Wednesday, April 9th. Finally, UBS Group cut their price objective on shares of Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Six analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $30.00.

Harley-Davidson Price Performance

HOG opened at $23.44 on Monday. Harley-Davidson has a one year low of $20.45 and a one year high of $39.93. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.56 and a quick ratio of 1.36. The company’s 50 day simple moving average is $23.83 and its 200-day simple moving average is $26.37. The stock has a market capitalization of $2.85 billion, a P/E ratio of 8.75, a price-to-earnings-growth ratio of 0.49 and a beta of 1.32.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Thursday, May 1st. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.80 by $0.27. Harley-Davidson had a net margin of 7.82% and a return on equity of 10.72%. The business had revenue of $315.24 million for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the prior year, the firm earned $1.72 earnings per share. Harley-Davidson’s revenue was down 23.2% compared to the same quarter last year. Sell-side analysts anticipate that Harley-Davidson will post 3.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Harley-Davidson

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Venturi Wealth Management LLC increased its stake in Harley-Davidson by 172.0% in the 4th quarter. Venturi Wealth Management LLC now owns 876 shares of the company’s stock valued at $26,000 after buying an additional 554 shares during the last quarter. Covestor Ltd increased its stake in Harley-Davidson by 18.8% in the 4th quarter. Covestor Ltd now owns 4,163 shares of the company’s stock valued at $125,000 after buying an additional 658 shares during the last quarter. Assetmark Inc. increased its stake in Harley-Davidson by 209.7% in the 1st quarter. Assetmark Inc. now owns 1,053 shares of the company’s stock valued at $27,000 after buying an additional 713 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Harley-Davidson by 52.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,110 shares of the company’s stock valued at $53,000 after buying an additional 725 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in Harley-Davidson by 153.6% in the 1st quarter. UMB Bank n.a. now owns 1,306 shares of the company’s stock valued at $33,000 after buying an additional 791 shares during the last quarter. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Harley-Davidson Company Profile

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.