Raymond James Keeps a Hold Rating on Harley-Davidson (HOG)

In a report released today, Joseph Altobello from Raymond James maintained a Hold rating on Harley-Davidson (HOGResearch Report). The company’s shares closed last Wednesday at $40.65.

According to TipRanks.com, Altobello is a 5-star analyst with an average return of 18.1% and a 63.7% success rate. Altobello covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, MasterCraft Boat Holdings, and Camping World Holdings.

Harley-Davidson has an analyst consensus of Moderate Buy, with a price target consensus of $54.10, implying a 22.7% upside from current levels. In a report issued on July 15, RBC Capital also maintained a Hold rating on the stock with a $48.00 price target.

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Harley-Davidson’s market cap is currently $6.73B and has a P/E ratio of 35.20. The company has a Price to Book ratio of 3.49.

Based on the recent corporate insider activity of 42 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 2021, John R. Anderson, a Director at HOG bought 5,335 shares for a total of $256,400.

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.