Morgan Stanley Has Lowered Expectations for Harley-Davidson (NYSE:HOG) Stock Price

Harley-Davidson (NYSE:HOG) had its price target reduced by equities researchers at Morgan Stanley from $33.00 to $31.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 15.59% from the stock’s previous close.

Several other analysts also recently issued reports on HOG. 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. DA Davidson decreased their price target on shares of Harley-Davidson from $39.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday. StockNews.com raised Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. UBS Group cut their price objective on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Finally, Bank of America lowered their target price on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Six 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 has an average rating of “Hold” and a consensus target price of $34.57.

Harley-Davidson Trading Up 0.4 %

Harley-Davidson stock opened at $26.82 on Thursday. Harley-Davidson has a one year low of $25.25 and a one year high of $44.16. The company’s fifty day moving average price is $29.90 and its two-hundred day moving average price is $33.54. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.41 and a quick ratio of 1.25. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 6.04, a PEG ratio of 0.33 and a beta of 1.46.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Wednesday, February 5th. The company reported ($0.93) EPS 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 last year, the business posted $0.18 EPS. On average, analysts forecast that Harley-Davidson will post 3.62 earnings per share for the current fiscal year.

Institutional Trading of Harley-Davidson

Institutional investors have recently modified their holdings of the company. Venturi Wealth Management LLC lifted its position in Harley-Davidson by 172.0% in the fourth quarter. Venturi Wealth Management LLC now owns 876 shares of the company’s stock worth $26,000 after purchasing an additional 554 shares during the period. Prospera Private Wealth LLC acquired a new position in shares of Harley-Davidson in the 3rd quarter valued at $35,000. Ashton Thomas Securities LLC bought a new position in shares of Harley-Davidson during the 3rd quarter worth about $38,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Harley-Davidson during the 4th quarter valued at about $42,000. Finally, Global Retirement Partners LLC increased its stake in Harley-Davidson by 84.3% in the fourth quarter. Global Retirement Partners LLC now owns 1,850 shares of the company’s stock valued at $56,000 after acquiring an additional 846 shares during the period. Institutional investors and hedge funds 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.