Harley-Davidson, Inc. (HOG) Given Neutral Rating at Goldman Sachs Group, Inc. (The)
Harley-Davidson, Inc. (NYSE:HOG)‘s stock had its “neutral” rating reissued by investment analysts at Goldman Sachs Group, Inc. (The) in a research report issued to clients and investors on Thursday. They presently have a $51.00 price target on the stock, down from their previous price target of $53.00. Goldman Sachs Group, Inc. (The)’s price target points to a potential upside of 1.29% from the company’s current price.
Several other equities analysts have also commented on HOG. Royal Bank Of Canada increased 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 report on Wednesday, April 5th. Deutsche Bank AG reiterated a “hold” rating and set a $50.00 price objective (down previously from $52.00) on shares of Harley-Davidson in a research report on Thursday, April 20th. Stifel Nicolaus reiterated a “hold” rating and set a $63.00 price objective (up previously from $58.00) on shares of Harley-Davidson in a research report on Friday, April 14th. Robert W. Baird reissued a “neutral” rating and issued a $62.00 target price on shares of Harley-Davidson in a research note on Wednesday, June 7th. Finally, BidaskClub raised shares of Harley-Davidson from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, twenty have assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $55.94.
Shares of Harley-Davidson (HOG) opened at 50.35 on Thursday. The firm has a market capitalization of $8.86 billion, a P/E ratio of 14.36 and a beta of 0.86. The company has a 50-day moving average price of $53.81 and a 200-day moving average price of $57.40. Harley-Davidson has a 12-month low of $47.03 and a 12-month high of $63.40.
Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, April 18th. The company reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.03. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Harley-Davidson had a net margin of 12.50% and a return on equity of 31.69%. The firm’s revenue was down 15.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.36 earnings per share. Equities analysts predict that Harley-Davidson will post $3.75 EPS for the current year.
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Institutional investors have recently bought and sold shares of the stock. Manning & Napier Advisors LLC raised its position in Harley-Davidson by 14.0% in the first quarter. Manning & Napier Advisors LLC now owns 32,778 shares of the company’s stock valued at $1,982,000 after buying an additional 4,014 shares during the period. Chevy Chase Trust Holdings Inc. raised its position in Harley-Davidson by 2.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 152,097 shares of the company’s stock valued at $9,202,000 after buying an additional 4,305 shares during the period. F&V Capital Management LLC raised its position in Harley-Davidson by 6.5% in the first quarter. F&V Capital Management LLC now owns 93,140 shares of the company’s stock valued at $5,635,000 after buying an additional 5,700 shares during the period. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Harley-Davidson during the fourth quarter valued at $334,000. Finally, Kentucky Retirement Systems purchased a new position in Harley-Davidson during the fourth quarter valued at $748,000. 84.95% of the stock is owned by hedge funds and other institutional investors.
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.
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