Morgan Stanley Issues Pessimistic Forecast for Harley-Davidson (NYSE:HOG) Stock Price

Harley-Davidson (NYSE:HOG) had its target price decreased by research analysts at Morgan Stanley from $33.00 to $31.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 17.30% from the stock’s previous close.

A number of other equities research analysts have also commented on the company. Bank of America decreased their price target on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Robert W. Baird cut their price target on Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, December 31st. DA Davidson decreased their price objective on shares of Harley-Davidson from $39.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday. UBS Group dropped their target price on shares of Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Finally, StockNews.com upgraded shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Harley-Davidson presently has an average rating of “Hold” and a consensus target price of $34.57.

Harley-Davidson Trading Down 1.5 %

HOG stock opened at $26.43 on Thursday. Harley-Davidson has a 1-year low of $25.25 and a 1-year high of $44.16. The company has a current ratio of 1.41, a quick ratio of 1.25 and a debt-to-equity ratio of 1.38. The business’s 50 day moving average is $30.18 and its 200-day moving average is $33.64. The firm has a market cap of $3.37 billion, a P/E ratio of 5.95, a P/E/G ratio of 0.33 and a beta of 1.46.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.28). Harley-Davidson had a net margin of 11.31% and a return on equity of 17.79%. During the same period in the prior year, the firm earned $0.18 earnings per share. Equities analysts anticipate that Harley-Davidson will post 3.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Harley-Davidson

Institutional investors and hedge funds have recently modified their holdings of the business. MML Investors Services LLC lifted its stake in Harley-Davidson by 4.7% in the third quarter. MML Investors Services LLC now owns 8,430 shares of the company’s stock valued at $325,000 after buying an additional 379 shares during the period. Covestor Ltd increased its stake in shares of Harley-Davidson by 14.7% in the 3rd quarter. Covestor Ltd now owns 3,505 shares of the company’s stock valued at $135,000 after acquiring an additional 448 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Harley-Davidson by 24.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,502 shares of the company’s stock valued at $96,000 after acquiring an additional 494 shares during the period. Venturi Wealth Management LLC boosted its stake in Harley-Davidson by 172.0% during the 4th quarter. Venturi Wealth Management LLC now owns 876 shares of the company’s stock worth $26,000 after acquiring an additional 554 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in Harley-Davidson by 23.5% during the third quarter. Blue Trust Inc. now owns 3,659 shares of the company’s stock valued at $141,000 after purchasing an additional 697 shares during the period. 85.10% of the stock is owned by institutional investors.

About Harley-Davidson

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.