Harley-Davidson, Inc. (HOG) Given a $45.00 Price Target at Wedbush

Harley-Davidson, Inc. (NYSE:HOG) received a $45.00 price target from Wedbush in a note issued to investors on Sunday, October 8th. The brokerage presently has a “hold” rating on the stock. Wedbush’s price objective suggests a potential downside of 9.09% from the company’s current price.

Other analysts have also issued research reports about the company. Zacks Investment Research upgraded Harley-Davidson from a “sell” rating to a “hold” rating in a report on Friday, July 7th. BidaskClub lowered Harley-Davidson from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Sandler O’Neill lowered Harley-Davidson from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $62.00 to $55.00 in a research note on Wednesday, July 12th. ValuEngine upgraded Harley-Davidson from a “hold” rating to a “buy” rating in a research note on Friday, July 7th. Finally, Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a research note on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $52.50.

Harley-Davidson (NYSE HOG) opened at 49.50 on Friday. The firm has a market capitalization of $8.63 billion, a price-to-earnings ratio of 14.49 and a beta of 0.87. The firm’s 50-day moving average is $47.75 and its 200 day moving average is $51.58. Harley-Davidson has a 12 month low of $45.53 and a 12 month high of $63.40.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, October 17th. The company reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. Harley-Davidson had a return on equity of 28.69% and a net margin of 11.68%. The firm had revenue of $962.10 million during the quarter, compared to analyst estimates of $959.41 million. During the same quarter in the prior year, the business posted $0.64 EPS. The business’s revenue for the quarter was down 11.9% compared to the same quarter last year. Equities analysts predict that Harley-Davidson will post $3.43 earnings per share for the current year.

WARNING: “Harley-Davidson, Inc. (HOG) Given a $45.00 Price Target at Wedbush” was first published by BBNS and is the property of of BBNS. If you are viewing this news story on another site, it was stolen and reposted in violation of international trademark & copyright law. The original version of this news story can be read at https://baseballnewssource.com/markets/wedbush-analysts-give-harley-davidson-inc-hog-a-45-00-price-target/1703650.html.

In other news, insider Lawrence G. Hund sold 15,013 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $47.18, for a total transaction of $708,313.34. Following the sale, the insider now directly owns 23,673 shares in the company, valued at approximately $1,116,892.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John A. Olin sold 28,760 shares of the firm’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $48.03, for a total value of $1,381,342.80. Following the sale, the chief financial officer now owns 65,722 shares in the company, valued at $3,156,627.66. The disclosure for this sale can be found here. 0.70% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the company. Matrix Asset Advisors Inc. NY lifted its stake in Harley-Davidson by 8.0% in the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 187,682 shares of the company’s stock valued at $10,139,000 after buying an additional 13,897 shares in the last quarter. Edgestream Partners L.P. purchased a new position in Harley-Davidson in the 1st quarter valued at about $257,000. Thompson Investment Management Inc. lifted its stake in Harley-Davidson by 0.9% in the 2nd quarter. Thompson Investment Management Inc. now owns 78,459 shares of the company’s stock valued at $4,238,000 after buying an additional 686 shares in the last quarter. BlueMountain Capital Management LLC purchased a new position in Harley-Davidson in the 2nd quarter valued at about $3,059,000. Finally, Intact Investment Management Inc. purchased a new position in Harley-Davidson in the 2nd quarter valued at about $1,388,000. Hedge funds and other institutional investors own 91.05% of the company’s stock.

About Harley-Davidson

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.

Analyst Recommendations for Harley-Davidson (NYSE:HOG)

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 our FREE daily email newsletter.

 


Latest News

Alex Cora Becomes New Manager for Boston Red Sox
Alex Cora Becomes New Manager for Boston Red Sox
Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston Astros Relying on Justin Verlander to Save Their Season
Houston Astros Relying on Justin Verlander to Save Their Season
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Aaron Judge and Gary Sanchez Have Break Out Games
Aaron Judge and Gary Sanchez Have Break Out Games
Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends


Leave a Reply

 
© 2006-2017 BBNS.