Harley-Davidson Inc (HOG) is Reiterated by Stifel to Hold, Raises Price Target to $ 51

Harley-Davidson Inc (HOG) was Reiterated by Stifel to “Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 51 from a previous price target of $50 . Stifel advised their investors in a research report released on Oct 19, 2016.

Many Wall Street Analysts have commented on Harley-Davidson Inc. Jefferies Initiated Harley-Davidson Inc on Sep 30, 2016 to “Hold”, Price Target of the shares are set at $49.Harley-Davidson Inc was Downgraded by Longbow to ” Underperform” on Aug 29, 2016. Barclays Downgraded Harley-Davidson Inc on Aug 1, 2016 to ” Underweight”, Price Target of the shares are set at $45.

On the company’s financial health, Harley-Davidson Inc reported $0.64 EPS for the quarter, based on the information available during the earnings call on Oct 18, 2016. Analyst had a consensus estimate of $0.64. The company had revenue of $1091.60 million for the quarter, compared to analysts expectations of $1090.55 million. The company’s revenue was down -4.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.69 EPS.

Harley-Davidson Inc closed down -0.59 points or -1.17% at $49.83 with 21,93,700 shares getting traded on Friday. Post opening the session at $50.79, the shares hit an intraday low of $49.655 and an intraday high of $50.9 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Aug 23, 2016, Paul J Jones (VP & Chief Legal Officer) sold 2,517 shares at $54.03 per share price. According to the SEC, on Aug 8, 2016, Lawrence G Hund (President-HDFS) sold 12,537 shares at $53.23 per share price. On Aug 2, 2016, Jochen Zeitz (director) sold 2,230 shares at $52.85 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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.

Harley-Davidson Inc

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