Harley-Davidson’s (HOG) “Sell” Rating Reiterated at Goldman Sachs Group

Harley-Davidson (NYSE:HOG)‘s stock had its “sell” rating reaffirmed by equities researchers at Goldman Sachs Group in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. They presently have a $34.00 price objective on the stock, down from their previous price objective of $37.00. Goldman Sachs Group’s target price would suggest a potential downside of 6.04% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Tuesday, April 2nd. KeyCorp reissued a “hold” rating on shares of Harley-Davidson in a research note on Friday, February 22nd. William Blair reissued a “market perform” rating on shares of Harley-Davidson in a research note on Tuesday, January 29th. Wells Fargo & Co reissued a “market perform” rating and set a $41.00 target price (down previously from $49.00) on shares of Harley-Davidson in a research note on Monday, April 8th. Finally, Northcoast Research reissued a “neutral” rating on shares of Harley-Davidson in a research note on Thursday, April 4th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. Harley-Davidson has a consensus rating of “Hold” and an average price target of $42.62.

HOG stock opened at $36.19 on Wednesday. The firm has a market cap of $6.21 billion, a PE ratio of 9.57, a price-to-earnings-growth ratio of 1.35 and a beta of 1.14. Harley-Davidson has a 52-week low of $31.36 and a 52-week high of $46.79. The company has a quick ratio of 1.09, a current ratio of 1.22 and a debt-to-equity ratio of 2.64.

Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, April 23rd. The company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.12. Harley-Davidson had a net margin of 8.72% and a return on equity of 28.82%. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the firm earned $1.24 earnings per share. Harley-Davidson’s quarterly revenue was down 10.1% on a year-over-year basis. On average, research analysts predict that Harley-Davidson will post 3.6 EPS for the current year.

A number of large investors have recently bought and sold shares of the business. Segall Bryant & Hamill LLC grew its holdings in Harley-Davidson by 3.2% in the fourth quarter. Segall Bryant & Hamill LLC now owns 9,728 shares of the company’s stock worth $332,000 after purchasing an additional 300 shares during the period. LS Investment Advisors LLC grew its holdings in Harley-Davidson by 1.5% in the fourth quarter. LS Investment Advisors LLC now owns 21,298 shares of the company’s stock worth $727,000 after purchasing an additional 315 shares during the period. Daiwa Securities Group Inc. grew its holdings in Harley-Davidson by 7.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 6,185 shares of the company’s stock worth $211,000 after purchasing an additional 450 shares during the period. Rehmann Capital Advisory Group grew its holdings in Harley-Davidson by 27.7% in the fourth quarter. Rehmann Capital Advisory Group now owns 2,288 shares of the company’s stock worth $78,000 after purchasing an additional 497 shares during the period. Finally, Claybrook Capital LLC grew its holdings in Harley-Davidson by 41.3% in the third quarter. Claybrook Capital LLC now owns 1,710 shares of the company’s stock worth $138,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 90.70% of the company’s stock.

Harley-Davidson Company Profile

Harley-Davidson, Inc primarily manufactures and sells cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products, and Financial Services. The Motorcycles & Related Products segment 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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Analyst Recommendations for Harley-Davidson (NYSE:HOG)

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