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

Harley-Davidson (NYSE:HOG) had its price objective reduced by equities research analysts at Citigroup from $31.00 to $29.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup’s price objective indicates a potential upside of 9.73% from the stock’s current price.

Other analysts also recently issued reports about the company. DA Davidson decreased their target price on Harley-Davidson from $39.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday. 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. Robert W. Baird dropped their target price on shares of Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 31st. Morgan Stanley reduced their price objective on Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, Bank of America cut their price target on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $34.57.

Harley-Davidson Price Performance

Harley-Davidson stock opened at $26.43 on Thursday. 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 firm has a market capitalization of $3.37 billion, a PE ratio of 5.95, a price-to-earnings-growth ratio of 0.33 and a beta of 1.46. Harley-Davidson has a 12-month low of $25.25 and a 12-month high of $44.16. The firm has a 50-day moving average price of $30.18 and a 200-day moving average price of $33.64.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share for the quarter, missing the consensus estimate of ($0.65) by ($0.28). Harley-Davidson had a return on equity of 17.79% and a net margin of 11.31%. During the same period in the previous year, the company earned $0.18 earnings per share. As a group, equities research analysts forecast that Harley-Davidson will post 3.62 EPS for the current year.

Institutional Trading of Harley-Davidson

Several hedge funds have recently modified their holdings of HOG. Mork Capital Management LLC purchased a new stake in shares of Harley-Davidson during the 3rd quarter valued at $1,926,000. Barclays PLC increased its position in Harley-Davidson by 135.7% during the 3rd quarter. Barclays PLC now owns 282,932 shares of the company’s stock valued at $10,900,000 after buying an additional 162,899 shares in the last quarter. Quantinno Capital Management LP raised its stake in Harley-Davidson by 151.3% in the third quarter. Quantinno Capital Management LP now owns 50,475 shares of the company’s stock valued at $1,945,000 after buying an additional 30,388 shares during the last quarter. Quantbot Technologies LP boosted its holdings in Harley-Davidson by 190.4% in the third quarter. Quantbot Technologies LP now owns 172,258 shares of the company’s stock worth $6,637,000 after acquiring an additional 112,948 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new stake in shares of Harley-Davidson during the third quarter worth about $2,725,000. 85.10% of the stock is owned by hedge funds and other institutional investors.

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.