Wedbush Analysts Raise Price Target on Harley-Davidson, Inc. (HOG) to $50.00
Monday, June 27, 2021 9:28 AM

Equities research analysts at Wedbush boosted their price target on shares of Harley-Davidson, Inc. (NYSE: HOG) from $48.00 to $50.00 in a research note to investors on Monday. The analysts currently have an "outperform" rating on the stock.

Separately, analysts at Goldman Sachs (NYSE: GS) upgraded shares of Harley-Davidson, Inc. from a "sell" rating to a "neutral" rating in a research note to investors on Friday, April 15th. They now have a $44.00 price target on the stock, up previously from $32.00. Also, analysts at Raymond James (NYSE: RJF) upgraded shares of Harley-Davidson, Inc. from a "market perform" rating to a "buy" rating in a research note to investors on Thursday, April 14th.

Shares of Harley-Davidson, Inc. opened at 38.07 on Tuesday. Harley-Davidson, Inc. has a 52 week low of $21.26 and a 52 week high of $43.15. The stock's 50-day moving average is $37.92 and its 200-day moving average is $37.49. The company has a market cap of $8.995 billion and a price-to-earnings ratio of 38.07.

Harley-Davidson, Inc. last announced its quarterly results on Tuesday, April 19th. The company reported $0.51 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.53 EPS by $0.02. During the same quarter in the prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 2.50% on a year-over-year basis. On average, analysts predict that Harley-Davidson, Inc. will post $0.65 EPS next quarter.

Harley-Davidson, Inc. operates in two business segments: the Motorcycles & Related Products (Motorcycles) segment and the Financial Services segment. The Motorcycles segment designs, manufactures and sells at wholesale primarily heavyweight (engine displacement of 651+cubic centimeters (cc)) touring, custom and performance motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services. The Financial Services (Financial Services) segment consists of Harley-Davidson Financial Services (HDFS). HDFS provides wholesale and retail financing and, as an agent, provides insurance and insurance-related programs primarily to Harley-Davidson Motor Company (HDMC) dealers and their retail customers. HDFS conducts business principally in the United States and Canada. On August 6, 2010, the Company announced that it had concluded the sale of its subsidiary, MV Agusta.

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