On Jan 2, we issued an updated research report on Harley-Davidson, Inc. HOG.
The company has set a long-term plan to boost sales growth. In fact, Harley-Davidson has set a target of launching 100 new motorcycles by 2027. In 2017, the Milwaukee, WI-based company unveiled two motorcycles, the Road King Special and a more affordable Street Rod 750. Also, the company is developing its first electric motorcycle, Project LiveWire. All these efforts are aiding its revenue growth.
Also, Harley-Davidson is making concerted efforts to improve its international reach and anticipates an increase of 50% in yearly volume by 2027. In sync with this strategy, the company is adding new dealerships across the globe. The company aims to add 150-200 new dealerships internationally by 2020.
Harley-Davidson has a long-term growth rate of 8.5%. Over the past 60 days, the Zacks Consensus Estimate for Harley-Davidson's quarterly estimates has gone up.
The company has outperformed the industry it belongs to in the last three months. Its shares have gained 6.7% against the industry's loss of 5.5 %.
Harley-Davidson currently has a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 (Strong Buy) Rank stocks here.
A few other top-ranked automobile stocks in the same space are Continental AG CTTAY, Allison Transmission Holdings, Inc. ALSN and BorgWarner Inc. BWA, each carrying a Zacks Rank #2 (Buy).
Continental AG has a long-term growth rate of 8.6%. The company's shares have gained 39% in the past 12 months.
Allison Transmission has a long-term growth rate of 10%. The company's shares have gained 28.4% in the past 12 months.
BorgWarner has a long-term growth rate of 8.6%. The company's shares have gained 26.9% in the past 12 months.
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