Harley-Davidson Inc (HOG) Rating Increased to Market Perform at DA Davidson

Harley-Davidson Inc (NYSE:HOG) was upgraded by stock analysts at DA Davidson from an “underperform” rating to a “market perform” rating in a note issued to investors on Wednesday.

Several other equities analysts have also recently weighed in on the company. Jefferies Group LLC reiterated a “hold” rating and set a $ 49.00 price objective on shares of Harley-Davidson in a report on Thursday, April 6th. Royal Bank of Canada lifted their price objective on Harley-Davidson from $ 58.00 to $ 60.00 and gave the company a “sector perform” rating in a report on Wednesday, April 5th. Wedbush lifted their price objective on Harley-Davidson from $ 53.00 to $ 55.00 and gave the company a “neutral” rating in a report on Monday, April 3rd. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a research note on Friday, March 17th. Finally, Longbow Research upgraded Harley-Davidson from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 15th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $ 56.12.

Analyst Recommendations for Harley-Davidson (NYSE:HOG)

Shares of Harley-Davidson (NYSE:HOG) opened at 57.88 on Wednesday. Harley-Davidson has a 52 week low of $ 41.63 and a 52 week high of $ 63.40. The firm has a market cap of $ 10.19 billion, a PE ratio of 16.50 and a beta of 0.88. The company has a 50 day moving average of $ 59.93 and a 200 day moving average of $ 58.30.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Tuesday, April 18th. The company reported $ 1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $ 1.02 by $ 0.03. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The business had revenue of $ 1.33 billion for the quarter, compared to analysts’ expectations of $ 1.35 billion. During the same quarter in the previous year, the business posted $ 1.36 EPS. Harley-Davidson’s revenue for the quarter was down 15.7% on a year-over-year basis. On average, equities research analysts anticipate that Harley-Davidson will post $ 3.77 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Harley-Davidson Inc (HOG) Rating Increased to Market Perform at DA Davidson” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another website, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/04/27/harley-davidson-inc-hog-upgraded-to-market-perform-by-da-davidson-updated.html.

In related news, VP Joanne M. Bischmann sold 911 shares of the business’s stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $ 57.00, for a total transaction of $ 51,927.00. Following the transaction, the vice president now directly 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 hyperlink. Also, Director Donald A. James sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $ 56.88, for a total value of $ 5,688,000.00. Following the transaction, the director now directly owns 5,523 shares in the company, valued at $ 314,148.24. The disclosure for this sale can be found here. Insiders have sold a total of 103,960 shares of company stock worth $ 5,912,378 over the last three months. 0.99% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Dodge & Cox acquired a new position in Harley-Davidson during the fourth quarter worth $ 517,798,000. Independent Franchise Partners LLP raised its position in Harley-Davidson by 1.5% in the third quarter. Independent Franchise Partners LLP now owns 8,745,188 shares of the company’s stock worth $ 459,909,000 after buying an additional 127,052 shares during the last quarter. State Street Corp raised its position in shares of Harley-Davidson by 1.1% in the fourth quarter. State Street Corp now owns 7,983,530 shares of the company’s stock worth $ 465,771,000 after buying an additional 89,330 shares in the last quarter. BlackRock Fund Advisors raised its position in shares of Harley-Davidson by 2.2% in the third quarter. BlackRock Fund Advisors now owns 2,857,606 shares of the company’s stock worth $ 150,281,000 after buying an additional 60,156 shares in the last quarter. Finally, Kiltearn Partners LLP raised its position in shares of Harley-Davidson by 7.4% in the fourth quarter. Kiltearn Partners LLP now owns 2,658,900 shares of the company’s stock worth $ 155,120,000 after buying an additional 183,300 shares in the last quarter. 89.54% of the stock is currently owned by institutional investors and hedge funds.

Harley-Davidson Company Profile

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 & Stock 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 stocks with our 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 *