Harley-Davidson (NYSE:HOG) Earns Buy Rating from Bank of America

Harley-Davidson (NYSE:HOG)‘s stock had its “buy” rating reaffirmed by Bank of America in a research report issued on Friday, TipRanks reports. They currently have a $70.00 price target on the stock. Bank of America‘s price target would indicate a potential upside of 48.71% from the company’s previous close.

HOG has been the topic of several other research reports. Morgan Stanley increased their price objective on Harley-Davidson from $36.00 to $38.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 28th. Northcoast Research increased their target price on Harley-Davidson from $49.00 to $57.00 and gave the company a “buy” rating in a research report on Friday, May 14th. Robert W. Baird upgraded Harley-Davidson from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $38.00 to $45.00 in a report on Wednesday, March 31st. DA Davidson began coverage on Harley-Davidson in a report on Wednesday, April 14th. They set a “buy” rating and a $55.00 price objective for the company. Finally, Zacks Investment Research upgraded Harley-Davidson from a “strong sell” rating to a “hold” rating and set a $43.00 price objective for the company in a report on Tuesday, April 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $47.53.

Shares of HOG traded up $0.52 during mid-day trading on Friday, reaching $47.07. 19,725 shares of the company’s stock traded hands, compared to its average volume of 2,314,667. The stock has a market capitalization of $7.23 billion, a PE ratio of 38.30, a P/E/G ratio of 0.58 and a beta of 1.51. The firm’s 50-day moving average is $46.50. Harley-Davidson has a 12 month low of $22.56 and a 12 month high of $52.06. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.37 and a current ratio of 1.50.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Sunday, April 18th. The company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.78. Harley-Davidson had a return on equity of 16.84% and a net margin of 4.56%. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the prior year, the firm earned $0.51 earnings per share. Harley-Davidson’s revenue was up 29.4% compared to the same quarter last year. As a group, equities research analysts forecast that Harley-Davidson will post 3.34 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tompkins Financial Corp raised its stake in shares of Harley-Davidson by 739.7% during the 1st quarter. Tompkins Financial Corp now owns 1,839 shares of the company’s stock valued at $74,000 after buying an additional 1,620 shares during the last quarter. Advisor Partners LLC purchased a new position in shares of Harley-Davidson during the 1st quarter valued at about $213,000. Principal Financial Group Inc. raised its stake in shares of Harley-Davidson by 16.1% during the 1st quarter. Principal Financial Group Inc. now owns 527,123 shares of the company’s stock valued at $21,138,000 after buying an additional 73,206 shares during the last quarter. Twin Lakes Capital Management LLC purchased a new position in shares of Harley-Davidson during the 1st quarter valued at about $141,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Harley-Davidson during the 1st quarter valued at about $340,000. Institutional investors and hedge funds own 88.15% of the company’s stock.

About Harley-Davidson

Harley-Davidson, Inc manufactures and sells custom, cruiser, and touring motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, general merchandise, and related services.

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Analyst Recommendations for Harley-Davidson (NYSE:HOG)

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