Harley-Davidson (NYSE:HOG) Was Given hold Rating by Analysts at Zacks. No longer has buy ...

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Harley-Davidson (NYSE:HOG) Rating Upped

Trading of Harley-Davidson (NYSE:HOG)’s shares is going to be interesting today, as Zacks upped the stock from a buy to a hold. Along the rating upgrade, Zacks analysts gave a target price of $67.00 or 19.03% more.

In spite of the rating upgrade NYSE:HOG is at the moment trading -3.84% lower at $56.29 as of 18:37 New York time. Harley-Davidson’s stock is down -9.02% over the past 200 days. It has underperformed the S&P 500, which has surged 0.89% over the same time period.

According to data compiled by Thomson Reuters, Harley-Davidson (NYSE:HOG)’s stock is covered by 13 equity analysts across the Street, with 0 analysts giving it a Sell rating, 0 a Buy rating, while 0 consider it a Hold. The 12-month consensus target price for the stock is $65.31, which reflects an upside potential of 16.02% over the current price.

NYSE:HOG Price Chart & Trend

The stock price of Harley-Davidson went down 9.02% over the last 200 days, and is in weak down trend. In the last 50 and 100 days, Harley-Davidson is up 7.04% and down 3.11%, respectively. Our stocks momentum model is shown on the price chart below.

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

Institutional Ownership

Cantillon Capital Management Llc had the most significant stake with ownership of 6.26M shares as of Q1 2015 for 7.44% of the fund’s portfolio. Charter Bridge Capital Management L.P. is another quite bullish institutional investor who is having 189,350 shares of Harley-Davidson or 6.75% of their fund’s portfolio. In addition, F&V Capital Management Llc have 3.73% of their fund’s portfolio invested in the company for 90,260 shares. The New York-based fund Global Thematic Partners Llc revealed it had acquired a stake worth about 3.69% of the institutional investor’s stock portfolio in Harley-Davidson. The New York-based fund J. Goldman & Co Lp is also positive about the stock, possessing 1.60M shares or 1.91% of their fund’s portfolio.

Insider Activity

Over the last 6 months, Harley-Davidson NYSE:HOG has seen 0 insider buys, and 3 insider sales. The net result was for 3 transactions, worth $1.35M.

Harley-Davidson (NYSE:HOG) Profile

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.

Harley-Davidson (NYSE:HOG) traded down -3.84% on 20 August, hitting $56.29. A total of 3.85 million shares of the company’s stock traded hands. This is up from average of 2.26 million shares. Harley-Davidson has a 52 week low of $53.04 and a 52 week high of $70.41. The company has a market cap of $12.06 billion and a P/E ratio of 15.01.

Get the latest Harley-Davidson (NYSE:HOG) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

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Harley-Davidson (NYSE:HOG) Was Given hold Rating by Analysts at Zacks. No longer has buy ...