In a report issued on July 28, Joseph Spak from RBC Capital maintained a Hold rating on Harley-Davidson (HOG – Research Report), with a price target of $37.00. The company’s shares closed last Friday at $37.81.
According to TipRanks.com, Spak is ranked 0 out of 5 stars with an average return of -12.4% and a 44.9% success rate. Spak covers the Industrial Goods sector, focusing on stocks such as Magna International, Tenneco Automotive, and American Axle.
Currently, the analyst consensus on Harley-Davidson is a Moderate Buy with an average price target of $46.71, implying a 25.4% upside from current levels. In a report issued on July 14, Morgan Stanley also maintained a Hold rating on the stock with a $40.00 price target.
Based on Harley-Davidson’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.5 billion and net profit of $223 million. In comparison, last year the company earned revenue of $1.42 billion and had a net profit of $259 million.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HOG in relation to earlier this year. Most recently, in May 2022, Norman Thomas Linebarger, a Director at HOG bought 2,642 shares for a total of $85,442.
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. 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.
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