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

Harley-Davidson (NYSE:HOG) had its price objective cut by research analysts at Bank of America from $40.00 to $35.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s target price would indicate a potential upside of 29.39% from the company’s current price.

Several other equities analysts also recently commented on the stock. StockNews.com upgraded shares of Harley-Davidson from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. UBS Group lowered their price target on shares of Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Baird R W cut Harley-Davidson from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Morgan Stanley lowered Harley-Davidson from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $40.00 to $33.00 in a research note on Tuesday, January 21st. Finally, Robert W. Baird reduced their price target on Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, December 31st. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Harley-Davidson has an average rating of “Hold” and an average target price of $37.71.

Harley-Davidson Price Performance

NYSE:HOG opened at $27.05 on Thursday. Harley-Davidson has a 12-month low of $27.01 and a 12-month high of $44.16. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 6.09, a P/E/G ratio of 0.33 and a beta of 1.48. The stock’s 50 day moving average price is $30.62 and its two-hundred day moving average price is $33.85. The company has a quick ratio of 1.25, a current ratio of 1.41 and a debt-to-equity ratio of 1.38.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Global Retirement Partners LLC boosted its position in Harley-Davidson by 84.3% in the fourth quarter. Global Retirement Partners LLC now owns 1,850 shares of the company’s stock valued at $56,000 after buying an additional 846 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Harley-Davidson in the 4th quarter valued at $236,000. Venturi Wealth Management LLC lifted its stake in shares of Harley-Davidson by 172.0% in the 4th quarter. Venturi Wealth Management LLC now owns 876 shares of the company’s stock valued at $26,000 after acquiring an additional 554 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in shares of Harley-Davidson by 23.2% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 64,155 shares of the company’s stock valued at $1,933,000 after acquiring an additional 12,093 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its position in Harley-Davidson by 187.4% during the 4th quarter. Vontobel Holding Ltd. now owns 26,201 shares of the company’s stock worth $789,000 after acquiring an additional 17,086 shares during the last quarter. Institutional investors own 85.10% of the company’s stock.

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.