Harley-Davidson's (NYSE:HOG) Neutral Rating Reaffirmed at Longbow Research

Paterniano Del Favero
Agosto 6, 2017

Several research firms recently issued reports on HOG. Deutsche Bank AG reiterated a "hold" rating and issued a $50.00 price objective (down previously from $52.00) on shares of Harley-Davidson in a report on Thursday, April 20th. Royal Bank Of Canada cut their price objective on Harley-Davidson from $60.00 to $57.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 19th. ValuEngine cut Harley-Davidson from a "buy" rating to a "hold" rating in a research note on Tuesday.

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). Stifel Nicolaus reaffirmed a "hold" rating and set a $63.00 price objective (up from $58.00) on shares of Harley-Davidson in a research report on Friday, April 14th. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have assigned a buy rating to the stock. The company now has an average rating of "Hold" and a consensus target price of $54.83. (NYSE:HOG) traded up 0.73% on Friday, reaching $48.34. During the same period in the previous year, the company earned $1.55 earnings per share. The company has a 50 day moving average price of $52.26 and a 200 day moving average price of $56.05. Harley-Davidson has a 1-year low of $46.00 and a 1-year high of $63.40. The firm has a market capitalization of $8.43 billion, a PE ratio of 14.16 and a beta of 0.84.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, July 18th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.38 by $0.10. The business had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.60 billion. Harley-Davidson had a return on equity of 30.51% and a net margin of 12.30%. The firm's quarterly revenue was down 5.6% on a year-over-year basis. On average, equities analysts forecast that Harley-Davidson, Inc. will post $3.39 EPS for the current year.

Harley-Davidson, Inc. (NYSE:HOG) was downgraded by equities research analysts at Sanford C. Bernstein from an "outperform" rating to a "market perform" rating in a note issued to investors on Wednesday, July 12th, MarketBeat Ratings reports. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & worldwide copyright & trademark laws. The original version of this article can be accessed at https://www.thecerbatgem.com/2017/08/05/harley-davidson-inc-nysehog-receives-neutral-rating-from-longbow-research-updated-updated.html. (NYSE:HOG) by 5.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). Chevy Chase Trust Holdings Inc. raised its stake in shares of Harley-Davidson by 2.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 287,045 shares of the company's stock valued at $15,506,000 after buying an additional 1,702 shares in the last quarter. Annex Advisory Services LLC raised its position in Harley-Davidson by 2.5% in the second quarter. Independent Advisor Alliance now owns 3,336 shares of the company's stock valued at $200,000 after buying an additional 2,772 shares in the last quarter. Finally, Morgan Stanley raised its stake in Harley-Davidson by 10.1% in the first quarter. Pictet Asset Management Ltd. now owns 481,736 shares of the company's stock worth $29,145,000 after buying an additional 10,783 shares in the last quarter. Kentucky Retirement Systems acquired a new stake in shares of Harley-Davidson during the fourth quarter worth about $748,000. Legal & General Group Plc now owns 934,174 shares of the company's stock worth $50,465,000 after buying an additional 54,557 shares during the last quarter. Finally, Olstein Capital Management L.P. bought a new position in shares of Harley-Davidson during the second quarter worth approximately $1,783,000. The institutional investor owned 22,800 shares of the company's stock after buying an additional 790 shares during the period. 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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