Harley-Davidson (NYSE:HOG) Upgraded to “Buy” by Northcoast Research

Harley-Davidson (NYSE:HOG) was upgraded by investment analysts at Northcoast Research from a “neutral” rating to a “buy” rating in a report released on Thursday, Marketbeat.com reports. The brokerage currently has a $36.00 price objective on the stock. Northcoast Research’s price target indicates a potential upside of 36.36% from the company’s current price.

Several other research analysts also recently commented on HOG. Royal Bank of Canada reissued an “underperform” rating and issued a $17.00 price target (down from $36.00) on shares of Harley-Davidson in a report on Monday, March 16th. Argus upgraded Harley-Davidson from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Tuesday, May 5th. Wolfe Research raised Harley-Davidson from a “peer perform” rating to an “outperform” rating and set a $28.00 price target on the stock in a report on Thursday, June 25th. Wedbush boosted their price objective on Harley-Davidson from $19.00 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, June 9th. Finally, William Blair restated a “hold” rating on shares of Harley-Davidson in a research report on Thursday, April 23rd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $31.50.

Shares of HOG opened at $26.40 on Thursday. Harley-Davidson has a 52-week low of $14.31 and a 52-week high of $40.89. The stock’s 50-day simple moving average is $24.24 and its 200 day simple moving average is $26.69. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.95 and a current ratio of 1.09. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 8.97, a price-to-earnings-growth ratio of 3.50 and a beta of 1.44.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.10. Harley-Davidson had a return on equity of 24.99% and a net margin of 6.93%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the business posted $0.80 earnings per share. The company’s revenue was down 8.0% on a year-over-year basis. On average, research analysts forecast that Harley-Davidson will post 1.23 earnings per share for the current fiscal year.

In other Harley-Davidson news, Chairman Jochen Zeitz acquired 97,850 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was bought at an average price of $21.26 per share, with a total value of $2,080,291.00. Following the purchase, the chairman now owns 97,850 shares of the company’s stock, valued at $2,080,291. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.86% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. Exane Derivatives boosted its stake in shares of Harley-Davidson by 1,912.8% in the 2nd quarter. Exane Derivatives now owns 2,194 shares of the company’s stock valued at $52,000 after purchasing an additional 2,085 shares in the last quarter. Park National Corp OH purchased a new stake in shares of Harley-Davidson in the 2nd quarter valued at $215,000. State Street Corp boosted its stake in shares of Harley-Davidson by 0.4% in the 1st quarter. State Street Corp now owns 7,629,911 shares of the company’s stock valued at $144,434,000 after purchasing an additional 27,343 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Harley-Davidson by 84.3% in the 1st quarter. Royal Bank of Canada now owns 77,590 shares of the company’s stock valued at $1,470,000 after purchasing an additional 35,501 shares in the last quarter. Finally, Richard P Slaughter Associates Inc boosted its stake in shares of Harley-Davidson by 4.8% in the 1st quarter. Richard P Slaughter Associates Inc now owns 24,009 shares of the company’s stock valued at $454,000 after purchasing an additional 1,092 shares in the last quarter. 92.58% of the stock is owned by institutional investors.

Harley-Davidson Company Profile

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 on-road 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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