Notable positive changes in Harley-Davidson Inc. (NYSE: HOG) fundamentals have recently occurred: the stock’s power rating rose above 70, the consensus estimate for December, 2024 increased significantly, and significant quarterly earnings acceleration occurred.
Harley-Davidson Inc. (NYSE: HOG). Important positive changes in investment behavior have recently occurred: the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, HOG is expected to continue to be an important Value Builder.
Harley-Davidson has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Harley-Davidson has a good Power Rating of 74 and a good Appreciation Score of 77, triggering the Highest Value Trend Rating.
Recent Price Action
On 5/6/24, Harley-Davidson Inc. (NYSE: HOG) stock increased 1.6%, closing at $35.61. However, below average trading volume at 74% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 2.5% during the last week.
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