The Milwaukee, Wisconsin-based manufacturer’s sales were down 3.4 per cent year-to-date as of June 30 as it faces intense pricing competition from competitors in a shrinking USA motorcycle market. HOG stock trades in the range of $52.76 to $53.38 before the earnings release. It has been assigned a low target price of $11 and a high target price of $17. On Jul 29, 2016, RBC Capital said it Downgrades its rating on Harley-Davidson Inc. The last close places the company’s stock about $3.64 off its 52 week high of $18.12 and $4.68 above the 52 week low of $9.8. The ETF tracks a market-cap-weighted index that covers 85% of the market capitalization of the United States equity market. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Further it is trading $5.24 or +10.97% away its 200-day moving average of $47.79. Investors might also notice that three month ago the Buy recommendations (6) outnumbered Sell recommendations (1).
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Brokerage firm Citigroup Maintains its rating on Harley-Davidson Inc (NYSE:HOG). Analysts, on average, forecast Harley-Davidson, Inc.to earn $0.3 per share (EPS) on revenue of $1.09B.
While if we look at the Earnings Track Record, Harley-Davidson, Inc. Common St on the technical side, it is seen that the firm’s shares price is trading $0.93 points away or +1.79% from its 50-day moving average of $52.10.
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Harley-Davidson, Inc.is the parent firm for the groups of companies doing business as Harley-Davidson Motor Company 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 at wholesale on-road l 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 Company conducts its business around the world, including in North America, Europe, the Middle East and Africa (EMEA); Asia-Pacific, and Latin America.
