The Harley-Davidson, Inc. (HOG) Price Target Cut to $58.00 by Analysts at Royal Bank Of Canada

Several other equities analysts also recently commented on HOG. Vetr downgraded shares of Harley-Davidson from a buy rating to a hold rating and set a $ 51.00 price objective for the company. in a research note on Tuesday, October 4th. UBS AG reaffirmed a hold rating on shares of Harley-Davidson in a research note on Friday, October 14th. Stifel Nicolaus reaffirmed a hold rating and set a $ 50.00 price objective on shares of Harley-Davidson in a research note on Friday, October 14th. Wunderlich reaffirmed a hold rating and set a $ 52.00 price objective on shares of Harley-Davidson in a research note on Tuesday, October 18th. Finally, RBC Capital Markets set a $ 46.00 price objective on shares of Harley-Davidson and gave the company a sell rating in a research note on Wednesday, October 19th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have issued a buy rating to the stock. Harley-Davidson presently has a consensus rating of Hold and an average target price of $ 55.05.

Harley-Davidson, Inc. (NYSE:HOG) had its price objective reduced by Royal Bank Of Canada from $ 66.00 to $ 58.00 in a report issued on Wednesday morning. They currently have a sector perform rating on the stock.

Harley-Davidson (NYSE:HOG) traded down 0.42% during trading on Wednesday, reaching $ 56.35. The company’s stock had a trading volume of 1,257,653 shares. The firm has a market cap of $ 10.05 billion, a PE ratio of 15.09 and a beta of 0.88. Harley-Davidson has a one year low of $ 36.97 and a one year high of $ 62.35. The company has a 50-day moving average of $ 58.78 and a 200 day moving average of $ 55.40.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, January 31st. The company reported $ 0.27 EPS for the quarter, missing the consensus estimate of $ 0.31 by $ 0.04. The firm had revenue of $ 1.11 billion for the quarter, compared to the consensus estimate of $ 972.47 million. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The business’s revenue was down 7.4% on a year-over-year basis. During the same period last year, the company posted $ 0.22 earnings per share. Analysts expect that Harley-Davidson will post $ 3.87 EPS for the current fiscal year.

In related news, insider Lawrence G. Hund sold 28,271 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $ 60.00, for a total value of $ 1,696,260.00. Following the sale, the insider now owns 25,438 shares in the company, valued at $ 1,526,280. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Joanne M. Bischmann sold 5,037 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $ 60.00, for a total transaction of $ 302,220.00. Following the completion of the sale, the vice president now owns 6,771 shares in the company, valued at approximately $ 406,260. The disclosure for this sale can be found here. Company insiders own 0.99% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HOG. Bronfman E.L. Rothschild L.P. increased its position in Harley-Davidson by 0.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 1,925 shares of the company’s stock valued at $ 101,000 after buying an additional 5 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in Harley-Davidson by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,740 shares of the company’s stock valued at $ 302,000 after buying an additional 20 shares during the last quarter. Concert Wealth Management Inc. increased its position in Harley-Davidson by 0.6% in the third quarter. Concert Wealth Management Inc. now owns 4,977 shares of the company’s stock valued at $ 261,000 after buying an additional 28 shares during the last quarter. Fulton Bank N.A. increased its position in Harley-Davidson by 0.6% in the third quarter. Fulton Bank N.A. now owns 9,301 shares of the company’s stock valued at $ 489,000 after buying an additional 52 shares during the last quarter. Finally, OLD National Bancorp IN increased its position in Harley-Davidson by 0.8% in the third quarter. OLD National Bancorp IN now owns 7,876 shares of the company’s stock valued at $ 414,000 after buying an additional 63 shares during the last quarter. Institutional investors and hedge funds own 92.61% of the company’s stock.

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 l Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services.

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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.

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