Harley-Davidson, Inc. (HOG) Rating Lowered to Market Perform at Sandler O’Neill
Sandler O’Neill cut shares of Harley-Davidson, Inc. (NYSE:HOG) from an outperform rating to a market perform rating in a research report sent to investors on Wednesday, July 12th. Sandler O’Neill currently has $55.00 price objective on the stock, down from their previous price objective of $62.00.
A number of other research analysts also recently commented on the company. Sanford C. Bernstein downgraded Harley-Davidson from an outperform rating to a market perform rating and set a $55.00 price target for the company. in a report on Wednesday, July 12th. ValuEngine raised Harley-Davidson from a hold rating to a buy rating in a report on Friday, July 7th. Zacks Investment Research upgraded Harley-Davidson from a sell rating to a hold rating in a research note on Friday, July 7th. Jefferies Group LLC restated a hold rating and set a $49.00 price objective on shares of Harley-Davidson in a research note on Tuesday, July 4th. Finally, BidaskClub cut Harley-Davidson from a buy rating to a hold rating in a research note on Friday, June 30th. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $54.83.
Shares of Harley-Davidson (NYSE HOG) opened at 48.06 on Wednesday. The firm has a market cap of $8.38 billion, a price-to-earnings ratio of 14.07 and a beta of 0.84. The stock’s 50 day moving average price is $52.26 and its 200 day moving average price is $56.05. Harley-Davidson has a 12 month low of $46.00 and a 12 month high of $63.40.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, July 18th. The company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.10. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.60 billion. Harley-Davidson had a return on equity of 30.51% and a net margin of 12.30%. Harley-Davidson’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.55 earnings per share. Equities research analysts predict that Harley-Davidson will post $3.39 earnings per share for the current fiscal year.
TRADEMARK VIOLATION WARNING: “Harley-Davidson, Inc. (HOG) Rating Lowered to Market Perform at Sandler O’Neill” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/08/08/harley-davidson-inc-hog-lowered-to-market-perform-at-sandler-oneill-updated-updated-updated.html.
Large investors have recently added to or reduced their stakes in the company. Leavell Investment Management Inc. raised its stake in Harley-Davidson by 0.6% in the first quarter. Leavell Investment Management Inc. now owns 5,534 shares of the company’s stock valued at $335,000 after buying an additional 34 shares in the last quarter. Fulton Bank N.A. raised its stake in Harley-Davidson by 0.4% in the first quarter. Fulton Bank N.A. now owns 9,272 shares of the company’s stock valued at $561,000 after buying an additional 38 shares in the last quarter. Contravisory Investment Management Inc. raised its stake in Harley-Davidson by 1.7% in the second quarter. Contravisory Investment Management Inc. now owns 4,291 shares of the company’s stock valued at $232,000 after buying an additional 72 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Harley-Davidson by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock worth $589,000 after buying an additional 100 shares during the last quarter. Finally, Annex Advisory Services LLC raised its stake in Harley-Davidson by 2.5% in the second quarter. Annex Advisory Services LLC now owns 4,114 shares of the company’s stock worth $222,000 after buying an additional 102 shares during the last quarter. 85.14% of the stock is owned by institutional investors and hedge funds.
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.
Receive News & Stock 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 stocks with our FREE daily email newsletter.