The Harley-Davidson Inc. (HOG) shares are trading at higher $25.17 and the avg recommendation for the stock is Moderate Buy. The current analyst price target stands at $24.11.
To add more color to this target, the company’s high over the last year is $40.89 and the low is $14.31. Over the last 52 weeks, HOG is down -38.44% while the S&P 500 is up 1.54%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, HOG reported a profit of $464.9 million. Harley-Davidson Inc. also saw revenues increase to $1.3 billion. In addition, HOG has free cash flow of -$41.51 million as of 03-2020 The company’s EBITDA came in at $174.68 million which compares well with its peers.
HOG booked profit margins of 6.90%, its Return on Equity (ROE) is 20.20%, and its Return on Assets is 3.40%. All told, it is clear that, HOG needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. HOG has a short ratio of 3.40 and outstanding shares of 153.00M.
HOG has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 3.13 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 2.32. Harley-Davidson Inc. HOG also noted assets of $11.14 billion at the end of the last quarter. Investors should also keep an eye on sector updates as HOG has historically followed its peers on positive news.
All told, Harley-Davidson Inc. HOG has strung together solid data and demonstrated underlying fundamentals. At its current valuation, HOG represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Harley-Davidson Inc. HOG is now commanding a market cap of 3.81B and a float of 152.30M. HOG is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of HOG stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in HOG, either long or short, and we have not been compensated for this article.