Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $52.18 on Harley-Davidson, Inc. (NYSE:HOG) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.88 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Harley-Davidson, Inc. (NYSE:HOG) stands at 14.41.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Harley-Davidson, Inc. Common St, the PEG ratio for coming 3-5 years is 1.43.
The technical analysis highlights that Harley-Davidson, Inc. Common St current is trading $2.88 points away or +5.61% from its 50-day moving average of $51.28. Further it is trading $6.92 or +14.64% away its 200-day moving average of $47.24.
The 52-week high of Harley-Davidson, Inc. (NYSE:HOG) was $57.33 while lowest point recorded in 52-week was $36.36. It implies if stock price makes a movement of over $-3.17, it will record a new 52-week high. In the case of +48.95% drop, it will touch a new 52-week low.
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