Longbow Research Downgrades Harley-Davidson Inc to Underperform

Brokerage firm Longbow Research Downgrades its rating on Harley-Davidson Inc(NYSE:HOG). The shares have been rated Underperform. Previously, the analysts had a Neutral rating on the shares. The rating by Longbow Research was issued on Aug 29, 2016.

In a different note, On Aug 30, 2016, Citigroup said it Maintains its rating on Harley-Davidson Inc. In the research note, the firm Raises the price-target to $51.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 1, 2016, Barclays said it Downgrades its rating on Harley-Davidson Inc. The shares have been rated ‘Underperform’ by the firm. On Jul 29, 2016, RBC Capital said it Downgrades its rating on Harley-Davidson Inc. The shares have been rated ‘Underperform’ by the firm. On Jul 29, 2016, Wells Fargo said it Downgrades its rating on Harley-Davidson Inc. The shares have been rated ‘Market Perform’ by the firm. On Jul 29, 2016, Barclays said it Maintains its rating on Harley-Davidson Inc. In the research note, the firm Lowers the price-target to $49.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Jul 15, 2016, Stifel Nicolaus said it Downgrades its rating on Harley-Davidson Inc. The shares have been rated ‘Hold’ by the firm.

Harley-Davidson Inc (HOG) made into the market gainers list on Thursdays trading session with the shares advancing 0.36% or 0.19 points. Due to strong positive momentum, the stock ended at $52.89, which is also near the day’s high of $53.27. The stock began the session at $52.88 and the volume stood at 11,10,510 shares. The 52-week high of the shares is $57.33 and the 52 week low is $36.36. The company has a current market capitalization of $9,457 M and it has 17,87,97,240 shares in outstanding.

Harley-Davidson Inc(HOG) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.67B. Analysts had an estimated revenue of $1.67B. Earnings per share were $1.55. Analysts had estimated an EPS of $1.54.

Several Insider Transactions has been reported to the SEC. On Aug 23, 2016, Paul J Jones (VP & Chief Legal Officer) sold 2,517 shares at $54.03 per share price.Also, On Aug 8, 2016, Lawrence G Hund (President-HDFS) sold 12,537 shares at $53.23 per share price.On Aug 2, 2016, Jochen Zeitz (director) sold 2,230 shares at $52.85 per share price, according to the Form-4 filing with the securities and exchange commission.

Harley-Davidson Inc. is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) 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 street-legal 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 Financial Services segment consists of HDFS which provides wholesale and retail financing and insurance and insurance-related programs to Harley-Davidson dealers and their retail customers. The Company conducts its business around the world including in North America Europe the Middle East and Africa (EMEA); Asia-Pacific and Latin America.

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