Today, Morgan Stanley Reaffirmed “Overweight” Rating for Harley-Davidson Inc. (HOG)

Today, Morgan Stanley Reaffirmed “Overweight” Rating for Harley-Davidson Inc. (HOG)

Harley-Davidson Inc. (NYSE:HOG)‘s stock had its “overweight” rating reiterated by analysts at Morgan Stanley in a research report issued on Monday. They presently have a $61.00 price target on the stock, up from their prior price target of $54.00. Morgan Stanley’s price objective suggests a potential upside of 1.99% from the company’s previous close.

Several other research analysts also recently weighed in on HOG. Northcoast Research restated a “neutral” rating on shares of Harley-Davidson in a research note on Friday, November 18th. RBC Capital Markets upgraded Harley-Davidson from an “underperform” rating to a “sector perform” rating and boosted their target price for the stock from $46.00 to $57.00 in a research note on Tuesday, November 15th. Royal Bank Of Canada upgraded Harley-Davidson from an “underperform” rating to a “sector perform” rating and boosted their target price for the stock from $46.00 to $57.00 in a research note on Tuesday, November 15th. BMO Capital Markets restated an “outperform” rating and set a $66.00 target price on shares of Harley-Davidson in a research note on Sunday, October 23rd. Finally, Argus restated a “hold” rating on shares of Harley-Davidson in a research note on Sunday, October 23rd. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have assigned a buy rating to the company’s stock. Harley-Davidson currently has an average rating of “Hold” and a consensus target price of $53.22.

Harley-Davidson (NYSE:HOG) traded down 0.58% on Monday, hitting $59.81. The stock had a trading volume of 1,780,182 shares. The company has a market cap of $10.67 billion, a price-to-earnings ratio of 16.01 and a beta of 0.96. The company has a 50 day moving average price of $55.86 and a 200-day moving average price of $50.96. Harley-Davidson has a 52-week low of $36.36 and a 52-week high of $61.35.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, October 18th. The company reported $0.64 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.64. The firm earned $1.27 billion during the quarter, compared to analyst estimates of $1.09 billion. Harley-Davidson had a return on equity of 35.49% and a net margin of 12.86%. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 EPS. On average, equities research analysts predict that Harley-Davidson will post $3.88 earnings per share for the current year.

In other Harley-Davidson news, Director Donald A. James sold 100,000 shares of the stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $56.13, for a total transaction of $5,613,000.00. Following the completion of the transaction, the director now owns 5,523 shares of the company’s stock, valued at $310,005.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Joanne M. Bischmann sold 5,037 shares of the stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $60.00, for a total value of $302,220.00. Following the transaction, the vice president now directly owns 6,771 shares of the company’s stock, valued at approximately $406,260. The disclosure for this sale can be found here. Company insiders own 0.99% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its position in shares of Harley-Davidson by 6.4% in the first quarter. Envestnet Asset Management Inc. now owns 15,264 shares of the company’s stock worth $784,000 after buying an additional 919 shares during the last quarter. LPL Financial LLC boosted its position in shares of Harley-Davidson by 2.2% in the first quarter. LPL Financial LLC now owns 48,505 shares of the company’s stock worth $2,419,000 after buying an additional 1,053 shares during the last quarter. Fulton Bank N.A. boosted its position in shares of Harley-Davidson by 0.7% in the second quarter. Fulton Bank N.A. now owns 9,249 shares of the company’s stock worth $419,000 after buying an additional 66 shares during the last quarter. Osborn Rohs Williams & Donohoe Ltd boosted its position in shares of Harley-Davidson by 6.4% in the second quarter. Osborn Rohs Williams & Donohoe Ltd now owns 16,630 shares of the company’s stock worth $753,000 after buying an additional 1,004 shares during the last quarter. Finally, CHICAGO TRUST Co NA boosted its position in shares of Harley-Davidson by 7.6% in the second quarter. CHICAGO TRUST Co NA now owns 37,952 shares of the company’s stock worth $1,719,000 after buying an additional 2,665 shares during the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

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