Harley-Davidson Inc (NYSE:HOG)‘s stock had its “neutral” rating reiterated by analysts at Goldman Sachs Group Inc in a research note issued on Tuesday. They presently have a $54.00 price objective on the stock. Goldman Sachs Group Inc’s target price suggests a potential downside of 9.09% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Citigroup Inc cut their price objective on shares of Harley-Davidson from $73.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday, March 6th. Morgan Stanley restated an “overweight” rating and set a $59.00 price objective (down from $61.00) on shares of Harley-Davidson in a research note on Wednesday, February 1st. Wedbush restated a “hold” rating and set a $53.00 price objective (up from $48.00) on shares of Harley-Davidson in a research note on Friday, January 13th. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a research note on Friday, March 17th. Finally, Royal Bank of Canada lifted their price objective on shares of Harley-Davidson from $58.00 to $60.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 5th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $56.41.

Analyst Recommendations for Harley-Davidson (NYSE:HOG)

Shares of Harley-Davidson (NYSE:HOG) traded down 4.28% during midday trading on Tuesday, reaching $56.86. 5,819,080 shares of the company were exchanged. Harley-Davidson has a 52-week low of $41.63 and a 52-week high of $63.40. The firm’s 50 day moving average is $60.15 and its 200-day moving average is $58.06. The company has a market capitalization of $9.93 billion, a PE ratio of 14.85 and a beta of 0.88. Harley-Davidson also saw some unusual options trading on Monday. Traders purchased 4,888 put options on the company. This represents an increase of 482% compared to the average volume of 840 put options.

Harley-Davidson (NYSE:HOG) last posted its earnings results on Tuesday, April 18th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The firm’s quarterly revenue was down 15.7% compared to the same quarter last year. During the same period last year, the business posted $1.36 earnings per share. On average, equities analysts forecast that Harley-Davidson will post $3.85 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This news story was first published by Daily Political and is the property of of Daily Political. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at https://www.dailypolitical.com/2017/04/18/harley-davidson-inc-hog-given-neutral-rating-at-goldman-sachs-group-inc.html.

In related news, SVP Michelle Kumbier sold 3,049 shares of Harley-Davidson stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $56.56, for a total value of $172,451.44. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 value of $51,927.00. Following the completion of the transaction, the vice president now directly owns 2,195 shares in the company, valued at approximately $125,115. The disclosure for this sale can be found here. Insiders sold a total of 103,960 shares of company stock worth $5,912,378 in the last three months. 0.99% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of HOG. Dodge & Cox bought a new position in shares of Harley-Davidson during the fourth quarter worth $517,798,000. Independent Franchise Partners LLP boosted its position in shares of 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 in the last quarter. State Street Corp boosted 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 boosted 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 boosted 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 hedge funds and other institutional investors.

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.