Analysts’ expectations for Harley-Davidson, Inc. (HOG) stock: $48.78 price target in 12 months

Harley-Davidson, Inc. [HOG] stock is trading at $39.32, up 7.23%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The HOG shares have gain 8.68% over the last week, with a monthly amount glided 15.00%, and seem to be holding up well over a long-time horizon.

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On 8, February 2024, Harley-Davidson Delivers Fourth Quarter Financial Results Successfully Completing the Third Year of Hardwire Strategic Plan. In a post published today on Yahoo Finance, Harley-Davidson, Inc. (“Harley-Davidson,” “HDI,” or the “Company”) (NYSE: HOG) today reported fourth quarter and full year 2023 results.

From an analyst’s perspective:

Harley-Davidson, Inc. [NYSE: HOG] stock has seen the most recent analyst activity on July 21, 2023, when DA Davidson upgraded its rating to a Buy and also boosted its price target to $47 from $38. Previously, UBS reaffirmed its Neutral rating on July 13, 2023, and dropped its price target to $40. On April 19, 2023, KeyBanc Capital Markets initiated with a Sector Weight rating. Morgan Stanley upgraded its rating to a Overweight but stick to its price target of $50 on March 21, 2023. Jefferies upgraded its rating to a Hold but $39 remained the price target by the analyst firm on March 15, 2023. Jefferies started tracking with a Underperform rating for this stock on November 15, 2022, and assigned it a price target of $39. In a note dated October 24, 2022, Citigroup initiated an Neutral rating and provided a target price of $40 on this stock.

Harley-Davidson, Inc. [HOG] stock has fluctuated between $25.43 and $47.54 over the past year. Currently, Wall Street analysts expect the stock to reach $48.78 within the next 12 months. Harley-Davidson, Inc. [NYSE: HOG] shares were valued at $39.32 at the most recent close of the market. An investor can expect a potential return of 24.06% based on the average HOG price forecast.

Analyzing the HOG fundamentals

Harley-Davidson, Inc. [NYSE:HOG] reported sales of 5.84B for the trailing twelve months, which represents a drop of -7.80%. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.22 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.2.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 37.36 points at the first support level, and at 35.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.75, and for the 2nd resistance point, it is at 42.18.

Harley-Davidson, Inc. [HOG] reported earnings per share of $0.18 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.04/share, meaning a difference of $0.14 and a surprise factor of 350.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.38 per share as compared to estimates of $1.36 per share, a difference of $0.02 representing a surprise of 1.50%.

Ratios To Look Out For

For context, Harley-Davidson, Inc.’s Current Ratio is 1.53. Further, the Quick Ratio stands at 1.25, while the Cash Ratio is 0.48. Considering the valuation of this stock, the price to sales ratio is 0.92, the price to book ratio is 1.65 and price to earnings (TTM) ratio is 8.15.