Longbow Research Upgrades Harley-Davidson Inc to Neutral

Brokerage firm Longbow Research Upgrades its rating on Harley-Davidson Inc(HOG). The shares have been rated Neutral. Previously, the analysts had a Underperform rating on the shares. The rating by the stock financial advisor at Longbow Research was issued on Mar 15, 2017 in a research report to their Investors and Clients.

Harley-Davidson Inc (HOG) shares turned negative on Fridays trading session with the shares closing down -0.22 points or -0.35% at a volume of 14,74,503. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $62.69. The peak price level was also seen at $62.69 while the days lowest was $62.18. Finally the shares closed at $62.25. The 52-week high of the shares is $63.4 while the 52-week low is $41.63. According to the latest information available, the market cap of the company is $10,977 M.

Harley-Davidson Inc(HOG) last announced its earnings results on Oct 18, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $1.09B. Analysts had an estimated revenue of $1.09B. Earnings per share were $0.64. Analysts had estimated an EPS of $0.64.

Several Insider Transactions has been reported to the SEC. On Feb 24, 2017, Paul J Jones (VP & Chief Legal Officer) sold 3,394 shares at $57.49 per share price.Also, On Feb 16, 2017, Tchernavia Rocker (VP-Human Resources) sold 1,377 shares at $57.15 per share price.On Feb 13, 2017, Donald A James (director) sold 100,000 shares at $56.88 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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