Harley-Davidson (NYSE:HOG) Price Target Lowered to $35.00 at Bank of America

Harley-Davidson (NYSE:HOG) had its price target cut by research analysts at Bank of America from $40.00 to $35.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s target price indicates a potential upside of 25.89% from the company’s current price.

A number of other brokerages have also issued reports on HOG. Baird R W lowered shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Robert W. Baird decreased their price objective on shares of Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, December 31st. UBS Group decreased their price objective on shares of Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. StockNews.com raised shares of Harley-Davidson from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, Citigroup decreased their price objective on shares of Harley-Davidson from $34.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 23rd. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $37.71.

Harley-Davidson Stock Up 1.1 %

Shares of HOG traded up $0.29 during mid-day trading on Thursday, reaching $27.80. 509,534 shares of the stock traded hands, compared to its average volume of 1,753,754. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 6.26, a P/E/G ratio of 0.34 and a beta of 1.48. The stock has a fifty day simple moving average of $30.85 and a 200 day simple moving average of $33.95. Harley-Davidson has a 12-month low of $27.18 and a 12-month high of $44.16. The company has a quick ratio of 1.25, a current ratio of 1.41 and a debt-to-equity ratio of 1.38.

Institutional Investors Weigh In On Harley-Davidson

A number of large investors have recently added to or reduced their stakes in the stock. Prospera Private Wealth LLC acquired a new position in shares of Harley-Davidson during the third quarter worth approximately $35,000. Ashton Thomas Securities LLC acquired a new position in shares of Harley-Davidson during the third quarter worth approximately $38,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Harley-Davidson during the fourth quarter worth approximately $42,000. Brooklyn Investment Group acquired a new position in shares of Harley-Davidson in the third quarter valued at $79,000. Finally, GAMMA Investing LLC raised its stake in shares of Harley-Davidson by 24.6% in the third quarter. GAMMA Investing LLC now owns 2,502 shares of the company’s stock valued at $96,000 after purchasing an additional 494 shares in the last quarter. Institutional investors own 85.10% of the company’s stock.

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.