Harley-Davidson (NYSE:HOG) Price Target Lowered to $35.00 at Bank of America

Harley-Davidson (NYSE:HOG) had its price target reduced by analysts at Bank of America from $40.00 to $35.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Bank of America‘s price objective would indicate a potential upside of 25.89% from the stock’s current price.

HOG has been the subject of a number of other reports. Morgan Stanley lowered Harley-Davidson from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $40.00 to $33.00 in a research report on Tuesday, January 21st. Baird R W lowered Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Robert W. Baird lowered their price objective on Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, December 31st. StockNews.com upgraded Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Citigroup lowered their price objective on Harley-Davidson from $34.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Harley-Davidson currently has an average rating of “Hold” and an average price target of $37.71.

Harley-Davidson Price Performance

Shares of NYSE:HOG traded up $0.29 during midday trading on Thursday, reaching $27.80. The company’s stock had a trading volume of 509,534 shares, compared to its average volume of 1,753,754. Harley-Davidson has a fifty-two week low of $27.18 and a fifty-two week high of $44.16. The company has a market capitalization of $3.54 billion, a P/E ratio of 6.26, a P/E/G ratio of 0.34 and a beta of 1.48. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.41 and a quick ratio of 1.25. The business’s fifty day simple moving average is $30.85 and its 200-day simple moving average is $33.95.

Institutional Investors Weigh In On Harley-Davidson

Several institutional investors have recently bought and sold shares of HOG. Mork Capital Management LLC acquired a new position in shares of Harley-Davidson during the 3rd quarter worth approximately $1,926,000. Barclays PLC increased its position in shares of Harley-Davidson by 135.7% during the 3rd quarter. Barclays PLC now owns 282,932 shares of the company’s stock worth $10,900,000 after purchasing an additional 162,899 shares during the last quarter. Quantinno Capital Management LP increased its position in shares of Harley-Davidson by 151.3% during the 3rd quarter. Quantinno Capital Management LP now owns 50,475 shares of the company’s stock worth $1,945,000 after purchasing an additional 30,388 shares during the last quarter. Quantbot Technologies LP increased its position in shares of Harley-Davidson by 190.4% during the 3rd quarter. Quantbot Technologies LP now owns 172,258 shares of the company’s stock worth $6,637,000 after purchasing an additional 112,948 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new position in shares of Harley-Davidson during the 3rd quarter worth approximately $2,725,000. 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.