Harley-Davidson Inc. (HOG) shares are trading at lower $27.71 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $31.64.
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 -13.13% while the S&P 500 is up 19.44%. 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 $241.39 million. Harley-Davidson Inc. also saw revenues increase to $865.23 million. In addition, HOG has free cash flow of $543.18 million as of 06-2020. The company’s EBITDA came in at -$47.35 million which compares well with its peers.
HOG booked profit margins of 1.70%, its Return on Equity (ROE) is 4.50%, and its Return on Assets is 0.70%. 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 5.03 and outstanding shares of 153.20M.
HOG has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.45 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.49. Harley-Davidson Inc. HOG also noted assets of $13.16 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 4.20B and a float of 152.23M. 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.