Harley-Davidson (NYSE:HOG) Downgraded by Morgan Stanley to “Equal Weight”

Harley-Davidson (NYSE:HOG) was downgraded by equities research analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research report issued on Tuesday, Marketbeat.com reports. They currently have a $33.00 target price on the stock, down from their prior target price of $40.00. Morgan Stanley’s price target would suggest a potential upside of 13.50% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Bank of America lowered their price objective on Harley-Davidson from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. UBS Group lowered their price target on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Baird R W downgraded Harley-Davidson from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Robert W. Baird decreased their target price on Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, December 31st. Finally, StockNews.com raised shares of Harley-Davidson from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $39.57.

Harley-Davidson Trading Down 1.9 %

Shares of NYSE HOG opened at $29.08 on Tuesday. The firm’s 50 day moving average price is $31.45 and its 200-day moving average price is $34.18. Harley-Davidson has a 52-week low of $27.37 and a 52-week high of $44.16. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.25 and a current ratio of 1.41. The company has a market cap of $3.70 billion, a PE ratio of 6.55, a P/E/G ratio of 0.34 and a beta of 1.48.

Insider Buying and Selling

In other Harley-Davidson news, Director Maryrose Sylvester sold 4,278 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $32.25, for a total transaction of $137,965.50. Following the completion of the sale, the director now owns 17,687 shares of the company’s stock, valued at approximately $570,405.75. The trade was a 19.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.87% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Pacer Advisors Inc. raised its position in shares of Harley-Davidson by 22,680.0% during the 3rd quarter. Pacer Advisors Inc. now owns 4,182,864 shares of the company’s stock valued at $161,166,000 after purchasing an additional 4,164,502 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Harley-Davidson by 559.4% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 394,680 shares of the company’s stock valued at $15,207,000 after acquiring an additional 334,830 shares in the last quarter. Squarepoint Ops LLC boosted its stake in shares of Harley-Davidson by 174.4% in the second quarter. Squarepoint Ops LLC now owns 419,775 shares of the company’s stock worth $14,079,000 after acquiring an additional 266,806 shares during the period. AQR Capital Management LLC boosted its stake in shares of Harley-Davidson by 1,179.1% in the second quarter. AQR Capital Management LLC now owns 270,102 shares of the company’s stock worth $9,048,000 after acquiring an additional 248,986 shares during the period. Finally, Barclays PLC raised its stake in Harley-Davidson by 135.7% during the 3rd quarter. Barclays PLC now owns 282,932 shares of the company’s stock valued at $10,900,000 after purchasing an additional 162,899 shares during the period. 85.10% of the stock is currently owned by institutional investors.

About Harley-Davidson

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.