In a report released today, Joseph Altobello from Raymond James maintained a Hold rating on Harley-Davidson (HOG). The company’s shares closed last Tuesday at $33.26.
According to TipRanks.com, Altobello is a 5-star analyst with an average return of 16.2% and a 66.6% success rate. Altobello covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, MasterCraft Boat Holdings, and Acushnet Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Harley-Davidson with a $41.75 average price target, which is a 22.5% upside from current levels. In a report issued on January 29, Northcoast Research also downgraded the stock to Hold.
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The company has a one-year high of $43.47 and a one-year low of $14.31. Currently, Harley-Davidson has an average volume of 1.79M.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HOG in relation to earlier this year.
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Harley-Davidson, Inc. is engaged in the manufacture and sale of custom, cruiser and touring motorcycles. It operates through the following segments: Motorcycles & Related Products; and Financial Services. The Motorcycles & Related Products segment manufactures, designs, and sells at wholesale on-road Harley-Davidson motorcycles as well as motorcycle parts, accessories, general merchandise, and related services. The Financial Services segment comprises of financing and servicing wholesale inventory receivables and retail consumer loans, primarily for the purchase of Harley-Davidson motorcycles. The company was founded by William Sylvester Harley, Arthur Davidson, Walter C. Davidson, Sr. and William A. Davidson in 1903 and is headquartered in Milwaukee, WI.
