Harley-Davidson Inc (HOG) was Upgraded by Longbow to ” Neutral”. Earlier the firm had a rating of “Underperform ” on the company shares. Longbow advised their Clients and Investors in a research report released on Mar 15, 2017.
Based on several research reports , Harley-Davidson Inc was Upgraded by Longbow to ” Neutral” on Mar 15, 2017. Shares were Reiterated by Citigroup on Mar 6, 2017 to “Buy” and Lowered the Price Target to $ 68 from a previous price target of $73 .Shares were Reiterated by RBC Capital Mkts on Feb 1, 2017 to “Sector Perform” and Lowered the Price Target to $ 58 from a previous price target of $66 .Harley-Davidson Inc was Resumed by Goldman to “Neutral” on Dec 19, 2016.
Several company insiders have filed Insider transactions , on Feb 24, 2017, Paul J Jones (VP & Chief Legal Officer) sold 3,394 shares at $57.49 per share price. According to the SEC, on Feb 16, 2017, Tchernavia Rocker (VP-Human Resources) sold 1,377 shares at $57.15 per share price. On Feb 13, 2017, Donald A James (director) sold 100,000 shares at $56.88 per share price, according to the Form-4 filing with the securities and exchange commission.
On the company’s financial health, Harley-Davidson Inc reported $0.27 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Jan 31, 2017. Analyst had a consensus of $0.31. The company had revenue of $933.00 million for the quarter, compared to analysts expectations of $975.31 million. The company’s revenue was down -7.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.
Harley-Davidson Inc opened for trading at $61.94 and hit $63.04 on the upside on Wednesday, eventually ending the session at $62.94, with a gain of 4.73% or 2.84 points. The heightened volatility saw the trading volume jump to 27,68,108 shares. Company has a market cap of $11,099 M.
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.