Somewhat Positive Media Coverage Unlikely to Affect Harley-Davidson (HOG) Stock Price

News headlines about Harley-Davidson (NYSE:HOG) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Harley-Davidson earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 29 out of 100, meaning that recent news coverage is unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the media stories that may have effected Accern’s rankings:

A number of equities analysts have recently commented on the stock. Jefferies Group LLC restated a “hold” rating and issued a $ 49.00 price objective on shares of Harley-Davidson in a research report on Tuesday. BidaskClub lowered shares of Harley-Davidson from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. UBS AG reiterated a “neutral” rating and set a $ 57.00 target price on shares of Harley-Davidson in a research report on Monday, June 26th. Zacks Investment Research downgraded shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $ 53.00 price target on shares of Harley-Davidson in a research note on Sunday, June 18th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $ 56.53.

Harley-Davidson (NYSE HOG) traded down 1.64% during midday trading on Wednesday, hitting $ 53.93. 2,144,028 shares of the stock traded hands. The stock has a market cap of $ 9.49 billion, a PE ratio of 15.38 and a beta of 0.86. Harley-Davidson has a 12 month low of $ 45.34 and a 12 month high of $ 63.40. The company has a 50-day moving average of $ 53.81 and a 200-day moving average of $ 57.40.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Tuesday, April 18th. The company reported $ 1.05 EPS for the quarter, beating analysts’ consensus estimates of $ 1.02 by $ 0.03. Harley-Davidson had a return on equity of 31.69% and a net margin of 12.50%. The business had revenue of $ 1.33 billion for the quarter, compared to the consensus estimate of $ 1.35 billion. During the same quarter in the prior year, the business posted $ 1.36 EPS. The business’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 $ 3.75 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Thursday, May 25th were given a $ 0.365 dividend. The ex-dividend date of this dividend was Tuesday, May 23rd. This represents a $ 1.46 dividend on an annualized basis and a dividend yield of 2.71%. Harley-Davidson’s dividend payout ratio (DPR) is presently 41.60%.

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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.

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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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