Harley-Davidson Inc (HOG) Given Buy Rating at Tigress Financial

Harley-Davidson Inc (NYSE:HOG)‘s stock had its “buy” rating reissued by equities researchers at Tigress Financial in a research note issued to investors on Friday.

Other equities analysts have also recently issued reports about the company. Argus restated a “hold” rating on shares of Harley-Davidson in a research note on Friday, February 3rd. Barclays PLC restated an “underweight” rating and set a $ 53.00 price objective (up from $ 45.00) on shares of Harley-Davidson in a research note on Wednesday, February 1st. Zacks Investment Research cut Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Wednesday, December 21st. Longbow Research upgraded Harley-Davidson from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 15th. Finally, Royal Bank of Canada dropped their price objective on Harley-Davidson from $ 66.00 to $ 58.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 1st. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have given a buy rating to the stock. Harley-Davidson has a consensus rating of “Hold” and a consensus price target of $ 55.65.

Analyst Recommendations for Harley-Davidson (NYSE:HOG)

Shares of Harley-Davidson (NYSE:HOG) opened at 60.02 on Friday. Harley-Davidson has a 12 month low of $ 41.63 and a 12 month high of $ 63.40. The stock’s 50 day moving average is $ 59.40 and its 200 day moving average is $ 57.52. The firm has a market cap of $ 10.48 billion, a PE ratio of 15.67 and a beta of 0.88.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, January 31st. The company reported $ 0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $ 0.31 by $ 0.04. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The firm earned $ 1.11 billion during the quarter, compared to the consensus estimate of $ 972.47 million. During the same quarter in the prior year, the business earned $ 0.22 earnings per share. Harley-Davidson’s revenue for the quarter was down 7.4% on a year-over-year basis. Analysts forecast that Harley-Davidson will post $ 3.85 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this news story on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark legislation. The correct version of this news story can be read at https://www.chaffeybreeze.com/2017/04/06/harley-davidsons-hog-buy-rating-reiterated-at-tigress-financial-updated-updated.html.

In other Harley-Davidson news, VP Joanne M. Bischmann sold 911 shares of Harley-Davidson stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $ 57.00, for a total transaction of $ 51,927.00. Following the completion of the transaction, the vice president now owns 2,195 shares of the company’s stock, valued at approximately $ 125,115. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Michelle Kumbier sold 3,049 shares of Harley-Davidson stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $ 56.56, for a total value of $ 172,451.44. The disclosure for this sale can be found here. Insiders have sold a total of 103,960 shares of company stock valued at $ 5,912,378 in the last ninety days. Insiders own 0.99% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Dodge & Cox acquired a new stake in shares of Harley-Davidson during the fourth quarter worth about $ 517,798,000. Norges Bank acquired a new stake in shares of Harley-Davidson during the fourth quarter worth about $ 115,866,000. Schroder Investment Management Group increased its stake in shares of Harley-Davidson by 489.7% in the third quarter. Schroder Investment Management Group now owns 1,338,814 shares of the company’s stock worth $ 70,408,000 after buying an additional 1,111,788 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of Harley-Davidson by 7,447.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 466,887 shares of the company’s stock worth $ 24,553,000 after buying an additional 460,701 shares during the period. Finally, FMR LLC increased its stake in shares of Harley-Davidson by 233.2% in the fourth quarter. FMR LLC now owns 575,566 shares of the company’s stock worth $ 33,578,000 after buying an additional 402,811 shares during the period. Hedge funds and other institutional investors own 89.54% 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.

5 Day Chart for 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 MarketBeat.com’s FREE daily email newsletter.

Let’s block ads! (Why?)

Google Alert – harley davidson news

Craig Ballantyne

I love anything to do with Harley Davidson and have two beautiful children and a beautiful partner. In my spare time i like building websites and love anything to do with the internet.

Leave a Reply

Your email address will not be published. Required fields are marked *