Bajaj Auto Reportedly Joins The Race To Buy Ducati From Volkswagen

Investors may also be paying close concentration to some simple moving average indicators on shares of Harley-Davidson, Inc. FMR LLC increased its position in shares of Harley-Davidson by 233.2% in the fourth quarter. Credit Agricole S A now owns 138,710 shares of the company's stock worth $8,092,000 after buying an additional 42,023 shares during the period. Russell Investments Group Ltd. bought a new position in shares of Harley-Davidson during the fourth quarter worth $6,348,000. Finally, Kentucky Retirement Systems acquired a new stake in Harley-Davidson during the fourth quarter valued at $748,000. The Thompson Investment Management Inc holds 77,913 shares with $4.55M value, down from 83,539 last quarter. Pacer Advisors Inc. boosted its position in Harley-Davidson by 3.3% in the first quarter. Kiltearn Partners LLP now owns 2,658,900 shares of the company's stock valued at $155,120,000 after buying an additional 183,300 shares in the last quarter.

A deal with Harley-Davidson would bring together the maker of touring bikes like the Electra Glide that are symbolic of America with a leading European maker whose high-performance bikes have a distinguished racing heritage. The stock price increased 0.11% or $-0.06 versus $55.45 at the end of the prior session.

The Stock traded with an actual day volume of 4.29 Million and average volume of 2.12 Million respectively. The company's 50 day moving average price is $53.98 and its 200-day moving average price is $57.65.

During the 52-week trading session the minimum price at which share price traded, registered at $41.63 and reached to max level of $63.40.

5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Harley-Davidson, Inc. At recent closing price of $32.51, HCP has a chance to give up $-0.48 or -1.48% in 52 weeks, based on mean target price ($32.03) placed by analysts.The analyst consensus opinion of 2.9 looks like a hold. Currently, Harley-Davidson, profit margin for the 12 months is at 10.93%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.35 billion. Looking out over a next 5-year period, analysts expect the company to see its earnings go up by 9.23%, annually.

A successful deal for Ducati, which previous year reported revenues of 593 million euros, would show Volkswagen boss Matthias Mueller is serious about reversing his predecessor's quest for size. Equities analysts predict that Harley-Davidson will post $3.75 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 9th.

The total number of shares percentage held by insiders is about 0.5% while the number of Shares % held by institutions is 82.6%. (HOG) Ex-Dividend Date Scheduled for May 23, 2017" with publication date: "May 22, 2017. This represents a $1.46 dividend on an annualized basis and a yield of 2.61%. Harley-Davidson Inc (NYSE:HOG) has risen 20.11% since June 21, 2016 and is uptrending.

ILLEGAL ACTIVITY NOTICE: This report was first posted by BBNS and is the property of of BBNS. If you are reading this article on another site, it was illegally copied and republished in violation of US and worldwide copyright & trademark laws. The original version of this report can be read at Citigroup Inc. cut their price target on Harley-Davidson from $73.00 to $68.00 and set a "buy" rating on the stock in a research report on Monday, March 6th. Goldman Sachs Group Inc restated a "neutral" rating and set a $53.00 price target on shares of Harley-Davidson in a report on Sunday. Barclays Capital maintained the shares of CAT in report on Wednesday, October 12 with "Equal-Weight" rating. (Rating Scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell).

The current market capitalization of Harley-Davidson Inc (NYSE:HOG) stands at 9.72 Billion. The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services.

  • Zachary Reyes