Citigroup Lowers Harley-Davidson (NYSE:HOG) Price Target to $29.00

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

A number of other research firms have also weighed in on HOG. Robert W. Baird dropped their price target on shares of Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, December 31st. Bank of America dropped their target price on shares of Harley-Davidson from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, January 30th. UBS Group lowered their price objective on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. StockNews.com upgraded Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, DA Davidson lowered their price target on Harley-Davidson from $39.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $34.57.

Harley-Davidson Price Performance

NYSE HOG opened at $26.43 on Thursday. The business’s fifty day moving average is $30.18 and its 200 day moving average is $33.64. Harley-Davidson has a fifty-two week low of $25.25 and a fifty-two week high of $44.16. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.25 and a current ratio of 1.41. The company 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 (NYSE:HOG) last posted its quarterly earnings data on Wednesday, February 5th. The company reported ($0.93) earnings per share 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 in the previous year, the firm earned $0.18 EPS. Sell-side analysts predict that Harley-Davidson will post 3.62 earnings per share for the current year.

Institutional Investors Weigh In On Harley-Davidson

Several large investors have recently bought and sold shares of HOG. Venturi Wealth Management LLC lifted its position in Harley-Davidson by 172.0% during the fourth quarter. Venturi Wealth Management LLC now owns 876 shares of the company’s stock valued at $26,000 after purchasing an additional 554 shares during the last quarter. Prospera Private Wealth LLC purchased a new stake in shares of Harley-Davidson during the 3rd quarter valued at about $35,000. Ashton Thomas Securities LLC bought a new position in shares of Harley-Davidson in the 3rd quarter valued at about $38,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Harley-Davidson in the fourth quarter worth about $42,000. Finally, Global Retirement Partners LLC increased its stake in Harley-Davidson by 84.3% during the fourth quarter. Global Retirement Partners LLC now owns 1,850 shares of the company’s stock worth $56,000 after acquiring an additional 846 shares during the last quarter. Institutional investors own 85.10% of the company’s stock.

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.