Harley-Davidson, Inc. (HOG) PT Lowered to $54.00 at Morgan Stanley

Harley-Davidson, Inc. (NYSE:HOG) had its price objective decreased by Morgan Stanley from $59.00 to $54.00 in a report issued on Monday morning, Marketbeat Ratings reports. Morgan Stanley currently has an overweight rating on the stock.

A number of other brokerages also recently issued reports on HOG. UBS AG reaffirmed a neutral rating and issued a $57.00 price target on shares of Harley-Davidson in a report on Tuesday, June 13th. ValuEngine downgraded Harley-Davidson from a buy rating to a hold rating in a report on Tuesday, August 1st. Barclays PLC reaffirmed an equal weight rating and issued a $52.00 price target (down from $53.00) on shares of Harley-Davidson in a report on Friday, April 21st. BidaskClub downgraded Harley-Davidson from a hold rating to a sell rating in a report on Wednesday, July 12th. Finally, Tigress Financial reaffirmed a buy rating on shares of Harley-Davidson in a report on Thursday, April 20th. Two research analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of $54.56.

Harley-Davidson (HOG) traded down 1.1624% during mid-day trading on Monday, hitting $46.5525. 1,288,451 shares of the stock were exchanged. The firm has a market cap of $8.12 billion, a P/E ratio of 13.6318 and a beta of 0.84. The company has a 50 day moving average of $49.76 and a 200 day moving average of $55.14. Harley-Davidson has a 12-month low of $46.00 and a 12-month high of $63.40.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, July 18th. The company reported $1.48 EPS for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.10. Harley-Davidson had a return on equity of 30.51% and a net margin of 12.30%. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same period in the previous year, the company posted $1.55 earnings per share. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, equities analysts anticipate that Harley-Davidson will post $3.39 earnings per share for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the company. Bank of Nova Scotia boosted its stake in Harley-Davidson by 106.1% in the second quarter. Bank of Nova Scotia now owns 83,126 shares of the company’s stock valued at $4,489,000 after buying an additional 42,800 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in Harley-Davidson during the second quarter valued at approximately $859,000. Cubist Systematic Strategies LLC boosted its stake in Harley-Davidson by 138.0% in the second quarter. Cubist Systematic Strategies LLC now owns 16,031 shares of the company’s stock valued at $866,000 after buying an additional 9,295 shares during the period. Janus Henderson Group PLC boosted its stake in Harley-Davidson by 2,910.0% in the second quarter. Janus Henderson Group PLC now owns 559,881 shares of the company’s stock valued at $30,245,000 after buying an additional 541,280 shares during the period. Finally, Macquarie Group Ltd. boosted its stake in Harley-Davidson by 27.5% in the second quarter. Macquarie Group Ltd. now owns 81,784 shares of the company’s stock valued at $4,417,000 after buying an additional 17,633 shares during the period. Institutional investors and hedge funds own 87.39% of the company’s stock.

Harley-Davidson Company Profile

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.

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