Harley-Davidson (NYSE:HOG) PT Lowered to $40.00 at Morgan

Harley-Davidson (NYSE:HOG – Get Rating) had its price objective cut by stock analysts at Morgan Stanley from $44.00 to $40.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 24.19% from the company’s current price.

HOG has been the subject of several other research reports. StockNews.com started coverage on shares of Harley-Davidson in a research note on Thursday, March 31st. They issued a “hold” rating for the company. DA Davidson began coverage on shares of Harley-Davidson in a research note on Thursday, June 30th. They issued a “neutral” rating and a $35.00 target price for the company. Northcoast Research restated a “neutral” rating on shares of Harley-Davidson in a report on Tuesday, May 17th. Robert W. Baird lowered their price target on Harley-Davidson from $60.00 to $55.00 and set an “outperform” rating for the company in a report on Thursday, April 28th. Finally, BMO Capital Markets lowered their price target on Harley-Davidson from $62.00 to $57.00 and set an “outperform” rating for the company in a report on Thursday, April 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Harley-Davidson has a consensus rating of “Hold” and an average target price of $46.62.

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NYSE:HOG opened at $32.21 on Thursday. The stock has a fifty day simple moving average of $33.69 and a 200-day simple moving average of $36.79. Harley-Davidson has a 52-week low of $29.80 and a 52-week high of $46.18. The company has a market capitalization of $4.75 billion, a PE ratio of 8.11, a price-to-earnings-growth ratio of 0.88 and a beta of 1.29. The company has a quick ratio of 1.12, a current ratio of 1.34 and a debt-to-equity ratio of 1.78.

Harley-Davidson (NYSE:HOG – Get Rating) last announced its earnings results on Wednesday, April 27th. The company reported $1.45 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.07). Harley-Davidson had a net margin of 11.78% and a return on equity of 27.07%. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the firm posted $1.68 EPS. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, equities analysts anticipate that Harley-Davidson will post 4.16 earnings per share for the current year.

Several large investors have recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Harley-Davidson by 1.5% during the 1st quarter. BlackRock Inc. now owns 12,727,257 shares of the company’s stock worth $501,454,000 after purchasing an additional 194,089 shares during the period. H Partners Management LLC grew its holdings in shares of Harley-Davidson by 2.4% during the 1st quarter. H Partners Management LLC now owns 12,600,000 shares of the company’s stock worth $496,440,000 after purchasing an additional 300,000 shares during the period. Beutel Goodman & Co Ltd. grew its holdings in shares of Harley-Davidson by 3.0% during the 1st quarter. Beutel Goodman & Co Ltd. now owns 7,208,664 shares of the company’s stock worth $284,021,000 after purchasing an additional 210,360 shares during the period. LSV Asset Management boosted its holdings in Harley-Davidson by 1.6% in the 1st quarter. LSV Asset Management now owns 4,985,954 shares of the company’s stock worth $196,447,000 after acquiring an additional 78,466 shares during the period. Finally, State Street Corp boosted its holdings in Harley-Davidson by 5.6% in the 1st quarter. State Street Corp now owns 4,111,284 shares of the company’s stock worth $161,985,000 after acquiring an additional 216,545 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

About Harley-Davidson (Get Rating)

Harley-Davidson, Inc manufactures and sells 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, apparel, and related services.

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