Harley-Davidson (HOG) : 3 brokerage houses believe that Harley-Davidson (HOG) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 14 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Harley-Davidson (HOG). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 19 Wall Street Analysts endorse the stock as a Hold with a rating of 2.74.
Harley-Davidson (HOG) : The most positive equity analysts on Harley-Davidson (HOG) expects the shares to touch $62, whereas, the least positive believes that the stock will trade at $40 in the short term. The company is covered by 12 Wall Street Brokerage Firms. The average price target for shares are $50.58 with an expected fluctuation of $5.68 from the mean.
Harley-Davidson (NYSE:HOG): The stock opened at $47.60 on Wednesday but the bulls could not build on the opening and the stock topped out at $47.89 for the day. The stock traded down to $46.41 during the day, due to lack of any buying support eventually closed down at $47.49 with a loss of -1.82% for the day. The stock had closed at $48.37 on the previous day. The total traded volume was 8,283,310 shares.
Also, Equity Analysts at the Brokerage Firm, Goldman Sachs, downgrades their rating on the shares of Harley-Davidson (NYSE:HOG). Goldman Sachs has a Neutral rating on the shares. Previously, the analysts had a Buy rating on the shares. As per the latest research report, the brokerage house lowers the price target to $50 per share from a prior target of $55. The rating by the firm was issued on June 6, 2016. The company shares have dropped -11.57% from its 1 Year high price. On Aug 10, 2015, the shares registered one year high at $60.67 and the one year low was seen on Jan 28, 2016. The 50-Day Moving Average price is $45.32 and the 200 Day Moving Average price is recorded at $45.02.
Harley-Davidson, Inc. is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) segment and the Financial Services segment. The Motorcycles segment consists of HDMC, which designs, manufactures and sells street-legal Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services. The Companys products are sold to retail customers through a network of independent dealers. The Financial Services segment consists of HDFS, which provides wholesale and retail financing, and insurance and insurance-related programs to Harley-Davidson dealers and their retail customers. The Company conducts its business around the world, including in North America, Europe, the Middle East and Africa (EMEA); Asia-Pacific, and Latin America.