Harley-Davidson (NYSE:HOG) Price Target Cut to $45.00

Harley-Davidson (NYSE:HOG) had its price target cut by BMO Capital Markets from $50.00 to $45.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 29.50% from the stock’s current price.

Several other research firms also recently commented on HOG. UBS Group boosted their target price on shares of Harley-Davidson from $29.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. Citigroup boosted their target price on shares of Harley-Davidson from $36.00 to $37.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. Bank of America boosted their target price on shares of Harley-Davidson from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Morgan Stanley started coverage on Harley-Davidson in a research report on Tuesday, April 23rd. They set an “overweight” rating and a $50.00 target price for the company. Finally, DA Davidson raised their target price on shares of Harley-Davidson from $42.00 to $49.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Harley-Davidson presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.43.

Harley-Davidson Price Performance

NYSE HOG opened at $34.75 on Friday. Harley-Davidson has a 12 month low of $25.43 and a 12 month high of $44.16. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 7.72, a PEG ratio of 2.16 and a beta of 1.43. The company’s 50 day moving average is $39.81 and its two-hundred day moving average is $34.96. The company has a current ratio of 1.54, a quick ratio of 1.25 and a debt-to-equity ratio of 1.50.

Harley-Davidson (NYSE:HOG) last released its earnings results on Thursday, April 25th. The company reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.24. Harley-Davidson had a net margin of 11.03% and a return on equity of 19.48%. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.42 billion. As a group, research analysts anticipate that Harley-Davidson will post 4.24 earnings per share for the current year.

Institutional Trading of Harley-Davidson

A number of institutional investors have recently bought and sold shares of the stock. Boston Partners lifted its position in Harley-Davidson by 10.1% in the fourth quarter. Boston Partners now owns 7,206,167 shares of the company’s stock worth $265,398,000 after buying an additional 659,654 shares during the last quarter. Jupiter Asset Management Ltd. lifted its position in Harley-Davidson by 0.4% in the third quarter. Jupiter Asset Management Ltd. now owns 5,355,504 shares of the company’s stock worth $177,053,000 after buying an additional 22,595 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Harley-Davidson by 15.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,241,888 shares of the company’s stock worth $193,115,000 after buying an additional 689,363 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Harley-Davidson by 0.9% in the third quarter. Bank of New York Mellon Corp now owns 1,461,895 shares of the company’s stock worth $48,330,000 after buying an additional 12,332 shares during the last quarter. Finally, Norges Bank bought a new stake in Harley-Davidson in the fourth quarter worth $51,860,000. 85.10% of the stock is currently owned by institutional investors.

Harley-Davidson Company Profile

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.