Harley-Davidson (NYSE:HOG) Given New $31.00 Price Target at Citigroup

Harley-Davidson (NYSE:HOG) had its target price dropped by research analysts at Citigroup from $34.00 to $31.00 in a research report issued to clients and investors on Thursday, MarketBeat reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price objective indicates a potential upside of 9.41% from the stock’s previous close.

A number of other research analysts also recently issued reports on the stock. Bank of America cut their target price 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. Robert W. Baird reduced their price objective on shares of Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 31st. Baird R W cut shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. StockNews.com upgraded Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, UBS Group dropped their price objective on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $39.14.

Harley-Davidson Trading Down 1.4 %

HOG stock opened at $28.34 on Thursday. The business has a fifty day moving average of $31.15 and a 200-day moving average of $34.06. The company has a market cap of $3.61 billion, a P/E ratio of 6.38, a PEG ratio of 0.34 and a beta of 1.48. Harley-Davidson has a twelve month low of $27.37 and a twelve month high of $44.16. The company has a quick ratio of 1.25, a current ratio of 1.41 and a debt-to-equity ratio of 1.38.

Insiders Place Their Bets

In other news, Director Maryrose Sylvester sold 4,278 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $32.25, for a total transaction of $137,965.50. Following the completion of the sale, the director now owns 17,687 shares of the company’s stock, valued at $570,405.75. This represents a 19.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Harley-Davidson

Several institutional investors have recently added to or reduced their stakes in the stock. Prospera Private Wealth LLC bought a new position in Harley-Davidson during the 3rd quarter worth about $35,000. Ashton Thomas Securities LLC bought a new position in shares of Harley-Davidson during the third quarter worth about $38,000. Brooklyn Investment Group bought a new position in shares of Harley-Davidson during the third quarter worth about $79,000. GAMMA Investing LLC raised its position in Harley-Davidson by 24.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,502 shares of the company’s stock valued at $96,000 after buying an additional 494 shares during the last quarter. Finally, Covestor Ltd lifted its stake in Harley-Davidson by 14.7% in the 3rd quarter. Covestor Ltd now owns 3,505 shares of the company’s stock valued at $135,000 after acquiring an additional 448 shares in the last quarter. 85.10% of the stock is owned by institutional investors.

About Harley-Davidson

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.