Morgan Stanley Downgrades Harley-Davidson (NYSE:HOG) to Equal Weight

Harley-Davidson (NYSE:HOG) was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research note issued on Tuesday, MarketBeat.com reports. They presently have a $33.00 price objective on the stock, down from their previous price objective of $40.00. Morgan Stanley’s target price would indicate a potential upside of 17.01% from the company’s current price.

Several other equities analysts have also issued reports on the company. Robert W. Baird decreased their target price 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. Citigroup lowered their target price on shares of Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Bank of America reduced their price target on shares of Harley-Davidson from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. UBS Group decreased their price target on shares of Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Finally, StockNews.com raised Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Harley-Davidson currently has an average rating of “Hold” and an average target price of $39.57.

Harley-Davidson Stock Down 2.2 %

NYSE:HOG opened at $28.20 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 1.41 and a debt-to-equity ratio of 1.38. Harley-Davidson has a 12-month low of $27.37 and a 12-month high of $44.16. The stock’s fifty day simple moving average is $31.32 and its 200-day simple moving average is $34.12. The firm has a market capitalization of $3.59 billion, a P/E ratio of 6.35, a P/E/G ratio of 0.34 and a beta of 1.48.

Insider Activity

In related news, Director Maryrose Sylvester sold 4,278 shares of Harley-Davidson stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $32.25, for a total value of $137,965.50. Following the sale, the director now owns 17,687 shares of the company’s stock, valued at approximately $570,405.75. This trade represents a 19.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On Harley-Davidson

Several hedge funds have recently made changes to their positions in the business. Mork Capital Management LLC bought a new stake in shares of Harley-Davidson in the third quarter worth $1,926,000. Barclays PLC lifted its position in 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 buying an additional 162,899 shares in the last quarter. Quantinno Capital Management LP lifted its position in 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 buying an additional 30,388 shares in the last quarter. Quantbot Technologies LP boosted its stake 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 buying an additional 112,948 shares during the last quarter. Finally, Franklin Resources Inc. bought a new position in shares of Harley-Davidson in the 3rd quarter valued at about $2,725,000. 85.10% of the stock is 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.