Harley-Davidson (NYSE:HOG) Now Covered by Morgan Stanley

Equities research analysts at Morgan Stanley initiated coverage on shares of Harley-Davidson (NYSE:HOG) in a report issued on Tuesday, Marketbeat reports. The firm set an “overweight” rating and a $50.00 price target on the stock. Morgan Stanley’s target price indicates a potential upside of 26.81% from the stock’s current price.

A number of other research analysts have also recently commented on HOG. Citigroup increased their price target on shares of Harley-Davidson from $36.00 to $37.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. UBS Group increased their price target on shares of Harley-Davidson from $29.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, February 16th. Bank of America increased their price target on shares of Harley-Davidson from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. BMO Capital Markets increased their price objective on Harley-Davidson from $45.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, April 3rd. Finally, DA Davidson increased their price objective on Harley-Davidson from $42.00 to $49.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $47.14.

Harley-Davidson Stock Performance

NYSE HOG opened at $39.43 on Tuesday. Harley-Davidson has a 1 year low of $25.43 and a 1 year high of $44.16. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.53 and a quick ratio of 1.25. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 2.57 and a beta of 1.43. The company has a fifty day moving average price of $39.97 and a 200-day moving average price of $34.91.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.14. The company had revenue of $791.65 million for the quarter, compared to the consensus estimate of $875.29 million. Harley-Davidson had a net margin of 12.11% and a return on equity of 22.00%. The firm’s quarterly revenue was down 13.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 EPS. As a group, equities research analysts predict that Harley-Davidson will post 4.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Harley-Davidson

A number of large investors have recently made changes to their positions in the company. Louisiana State Employees Retirement System lifted its position in shares of Harley-Davidson by 2.5% during the 1st quarter. Louisiana State Employees Retirement System now owns 36,500 shares of the company’s stock valued at $1,597,000 after buying an additional 900 shares in the last quarter. Amalgamated Bank lifted its position in shares of Harley-Davidson by 7.1% during the 1st quarter. Amalgamated Bank now owns 86,571 shares of the company’s stock valued at $3,787,000 after buying an additional 5,741 shares in the last quarter. Raymond James & Associates lifted its position in shares of Harley-Davidson by 5.8% during the 1st quarter. Raymond James & Associates now owns 588,911 shares of the company’s stock valued at $25,759,000 after buying an additional 32,073 shares in the last quarter. State of Michigan Retirement System lifted its position in shares of Harley-Davidson by 2.6% during the 1st quarter. State of Michigan Retirement System now owns 31,161 shares of the company’s stock valued at $1,363,000 after buying an additional 800 shares in the last quarter. Finally, Diversified Trust Co lifted its holdings in Harley-Davidson by 17.2% in the 1st quarter. Diversified Trust Co now owns 100,374 shares of the company’s stock worth $4,390,000 after purchasing an additional 14,751 shares in the last quarter. 85.10% of the stock is currently owned by institutional investors.

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.