Harley-Davidson (NYSE:HOG) Price Target Raised to $27.00 at Citigroup

Harley-Davidson (NYSE:HOG - Get Free Report) had its price target upped by analysts at Citigroup from $24.00 to $27.00 in a research report issued on Monday,Benzinga reports. The firm presently has a "neutral" rating on the stock. Citigroup's target price points to a potential upside of 15.54% from the company's current price.

HOG has been the subject of a number of other reports. DA Davidson reissued a "buy" rating and issued a $31.00 price objective on shares of Harley-Davidson in a report on Wednesday, April 9th. Robert W. Baird boosted their price target on Harley-Davidson from $26.00 to $28.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 14th. Finally, UBS Group lowered their price target on Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating on the stock in a report on Thursday, February 20th. Six research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $30.00.

Harley-Davidson Stock Performance

HOG stock traded down $0.07 during trading on Monday, hitting $23.37. 1,560,801 shares of the company's stock traded hands, compared to its average volume of 1,940,642. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 8.72, a price-to-earnings-growth ratio of 0.47 and a beta of 1.32. Harley-Davidson has a 52 week low of $20.45 and a 52 week high of $39.93. The stock has a fifty day moving average price of $23.82 and a two-hundred day moving average price of $26.34. The company has a quick ratio of 1.36, a current ratio of 1.56 and a debt-to-equity ratio of 1.56.

Harley-Davidson (NYSE:HOG - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.80 by $0.27. The business had revenue of $315.24 million during the quarter, compared to analyst estimates of $1.12 billion. Harley-Davidson had a net margin of 7.82% and a return on equity of 10.72%. The company's quarterly revenue was down 23.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.72 EPS. As a group, equities analysts anticipate that Harley-Davidson will post 3.44 EPS for the current fiscal year.

Institutional Trading of Harley-Davidson

Institutional investors have recently modified their holdings of the company. Versant Capital Management Inc raised its position in Harley-Davidson by 3,514.8% in the first quarter. Versant Capital Management Inc now owns 976 shares of the company's stock worth $25,000 after acquiring an additional 949 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of Harley-Davidson by 172.0% in the 4th 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 last quarter. Assetmark Inc. boosted its holdings in Harley-Davidson by 209.7% during the first quarter. Assetmark Inc. now owns 1,053 shares of the company's stock worth $27,000 after buying an additional 713 shares in the last quarter. CX Institutional acquired a new position in Harley-Davidson in the first quarter worth approximately $28,000. Finally, Financial Harvest LLC bought a new position in shares of Harley-Davidson in the first quarter valued at $30,000. 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.