The shares of Harley-Davidson, Inc. (NYSE:HOG) has been pegged with a rating of Sell by Goldman in its latest research note that was published on April 24th, 2019. The research company has also assigned a $34 price target. Goldman wasn’t the only research firm that published a report of Harley-Davidson, Inc., with other equities research analysts also giving their opinion on the stock. Wells Fargo advised investors in its research note published on April 8th, 2019, to Market Perform the HOG stock while also putting a $41 price target. The stock had earned Market Perform rating from BMO Capital Markets when it published its report on October 19th, 2018. That day the BMO Capital Markets set price target on the stock to $45. The stock was given Market Perform rating by BMO Capital Markets in its report released on October 19th, 2018. Wedbush was of a view that HOG is Neutral in its latest report on October 4th, 2018 while giving it a price target of $40. Wolfe Research thinks that HOG is worth Peer Perform rating. This was contained in the firm’s report on October 2nd, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 16 believe it has the potential for further growth, thus rating it as Hold while 2 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $39.21. The price of the stock the last time has raised by 20.47% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 45.07.
The shares of the company dipped by -2.93% during the trading session on Wednesday, reaching a low of $36.83 while ending the day at $37.78. During the trading session, a total of 4.6 million shares were traded which represents a -87.73% decline from the average session volume which is 2.45M shares. HOG had ended its last session trading at 38.92. Harley-Davidson, Inc. currently has a market cap of $6.03B, while its P/E ratio stands at 11.88, while its P/E earnings growth sits at 1.05, with a beta of 1.19. Harley-Davidson, Inc. debt-to-equity ratio currently stands at 4.28, while its quick ratio hovers at 1.10. HOG 52-week low price stands at $31.36 while its 52-week high price is $46.79.
The company in its last quarterly report recorded $0.80 earnings per share which is above the $0.64 predicted by most analysts. The Harley-Davidson, Inc. generated $1,195.64 million in revenue during the last quarter, which is slightly lower than the $1,195.91 million predicted by analysts. In the second quarter last year, the firm recorded $0.11 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 86.25%. Harley-Davidson, Inc. has the potential to record 3.18 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Gabelli & Co published a research note on April 22nd, 2019 where it informed investors and clients that Alcoa Corporation (NYSE:AA) is now rated as Buy. Wells Fargo also rated AA as Downgrade on April 8th, 2019, with its price target of $41 suggesting that AA could surge by 24.63% from its current share price. Even though the stock has been trading at $28.53/share, analysts expect it to surge higher by -1.44% to reach $37.31/share. It started the day trading at $28.54 and traded between $27.75 and $28.12 throughout the trading session.
A look at its technical shows that AA’s 50-day SMA is 28.65 while its 200-day SMA stands at 34.50. At the moment, only of Alcoa Corporation shares were sold short. The company’s average trading volume currently stands at 3.71M shares, which means that the short-interest ratio is just 1.39 days. Over the past seven days, the company moved, with its shift of 1.44%. Looking further, the stock has dropped -0.64% over the past 90 days while it lost -27.15% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Capital Research Management Co sold more AA shares, decreasing its portfolio by -2.98% during the last quarter. This move now sees Capital Research Management Co selling -704,229 shares in the last quarter, thus it now holds 22,889,418 shares of AA, with a total valuation of $644,566,011. Capital Research Management Co meanwhile bought more AA shares in the recently filed quarter, changing its stake to $524,664,561 worth of shares. The Vanguard Group Inc followed the path by increasing its AA portfolio by +1.34% in the quarter. This means that The Vanguard Group Inc bought 219,529 shares in the last quarter and now controls 16,638,141 shares of the AA stock, with the valuation hitting $468,530,051.
Similarly, Norges Bank Investment Management decreased its Alcoa Corporation shares by -10.12% during the recently filed quarter. After selling -967,687 shares in the last quarter, the firm now controls 8,591,081 shares of Alcoa Corporation which are valued at $241,924,841. In the same vein, BlackRock Fund Advisors increased its Alcoa Corporation shares by during the most recent reported quarter. The firm bought 88,928 shares during the quarter which increased its stakes to 7,659,556 shares and is now valued at $215,693,097. Following these latest developments, around 0.30% of Alcoa Corporation stocks are owned by institutional investors and hedge funds.