Tigress Financial analyst Ivan Feinseth maintained a Buy rating on Harley-Davidson (HOG – Research Report) on January 22. The company’s shares closed last Friday at $41.35, close to its 52-week high of $43.47.
According to TipRanks.com, Feinseth is a 5-star analyst with an average return of 19.8% and a 71.6% success rate. Feinseth covers the Technology sector, focusing on stocks such as Alphabet Class A, Cisco Systems, and Microsoft.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Harley-Davidson with a $38.89 average price target, a -6.7% downside from current levels. In a report issued on January 8, Wedbush also maintained a Buy rating on the stock with a $45.00 price target.
Based on Harley-Davidson’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.17 billion and net profit of $120 million. In comparison, last year the company earned revenue of $1.27 billion and had a net profit of $86.56 million.
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.