Harley-Davidson Gets a Hold Rating from Wedbush

By Ryan Adsit

Wedbush analyst James Hardiman reiterated a Hold rating on Harley-Davidson (NYSE: HOG) today and set a price target of $49. The company’s shares opened today at $50.69.

According to TipRanks.com, Hardiman is a 3-star analyst with an average return of 5.9% and a 57.5% success rate. Hardiman covers the Services sector, focusing on stocks such as Norwegian Cruise Line, Royal Caribbean, and Carnival Corp.

Currently, the analyst consensus on Harley-Davidson is Moderate Buy and the average price target is $52, representing a 2.6% upside.

In a report released today, Robert W. Baird also maintained a Hold rating on the stock with a $56 price target.

Based on Harley-Davidson’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $1.15 billion and quarterly net profit of $68.21 million. In comparison, last year the company earned revenue of $1.27 billion and had a net profit of $114 million.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock. Most recently, in October 2017, Matthew Levatich, the President & CEO of HOG sold 19,447 shares for a total of $940,262.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Harley-Davidson, Inc. manufactures and sells heavyweight motorcycles as well as a line of motorcycle parts, accessories, general merchandise and related services. It also provides wholesale and retail financing and insurance programs primarily to Harley-Davidson dealers and customers.