BMO Capital Markets Lowers Harley-Davidson (NYSE:HOG) Price Target to $45.00

Harley-Davidson (NYSE:HOG - Get Free Report) had its price target decreased by analysts at BMO Capital Markets from $50.00 to $45.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an "outperform" rating on the stock. BMO Capital Markets' price objective would suggest a potential upside of 29.50% from the company's current price.

Several other research analysts also recently commented on the stock. Citigroup lifted their target price on shares of Harley-Davidson from $36.00 to $37.00 and gave the stock a "neutral" rating in a report on Tuesday, February 27th. Bank of America lifted their target price on shares of Harley-Davidson from $50.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday, March 14th. UBS Group boosted their price objective on shares of Harley-Davidson from $29.00 to $39.00 and gave the stock a "neutral" rating in a report on Friday, February 16th. DA Davidson boosted their price objective on shares of Harley-Davidson from $42.00 to $49.00 and gave the stock a "buy" rating in a report on Thursday, April 11th. Finally, Morgan Stanley began coverage on shares of Harley-Davidson in a report on Tuesday. They set an "overweight" rating and a $50.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $46.43.

Harley-Davidson Stock Up 4.6 %

Shares of Harley-Davidson stock traded up $1.52 during midday trading on Friday, reaching $34.75. 3,427,599 shares of the company's stock traded hands, compared to its average volume of 1,800,200. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 7.21, a price-to-earnings-growth ratio of 2.56 and a beta of 1.43. Harley-Davidson has a 52 week low of $25.43 and a 52 week high of $44.16. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.25 and a current ratio of 1.53. The company's 50 day simple moving average is $39.81 and its 200 day simple moving average is $34.93.

Harley-Davidson (NYSE:HOG - Get Free Report) last announced its earnings results on Thursday, April 25th. The company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.48 by $0.24. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.42 billion. Harley-Davidson had a net margin of 12.11% and a return on equity of 22.00%. Equities analysts expect that Harley-Davidson will post 4.24 earnings per share for the current fiscal year.

Institutional Trading of Harley-Davidson

Institutional investors have recently made changes to their positions in the business. Quadrant Capital Group LLC boosted its position in Harley-Davidson by 95.0% in the fourth quarter. Quadrant Capital Group LLC now owns 788 shares of the company's stock valued at $29,000 after buying an additional 384 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in Harley-Davidson in the first quarter valued at about $39,000. BKM Wealth Management LLC acquired a new position in Harley-Davidson in the fourth quarter valued at about $36,000. Principal Securities Inc. acquired a new position in Harley-Davidson in the fourth quarter valued at about $38,000. Finally, Lindbrook Capital LLC boosted its position in Harley-Davidson by 66.7% in the fourth quarter. Lindbrook Capital LLC now owns 1,057 shares of the company's stock valued at $39,000 after buying an additional 423 shares in the last quarter. 85.10% of the stock is currently owned by institutional investors and hedge funds.

About Harley-Davidson

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.