Stock in Focus: Harley-Davidson (NYSE:HOG)

[AP] Harley-Davidson Inc (NYSE:HOG) third-quarter profit fell nearly 8 percent on a planned reduction of motorcycle shipments for the quarter. But its earnings topped Wall Street expectations, and its shares climbed more than 6 percent in afternoon trading.The Milwaukee company said Tuesday that its net income was $150.1 million, or 69 cents per share, from July through September. That compares with $162.7 million, or 73 cents per share, a year ago.

Is this a Buying Opportunity?There are currently fourteen analysts that we track that cover the stock. Of those fourteen, six have a Buy rating, eight have a hold rating. On a consensus basis this yields a score of 2.43 and a hold. The combined price objective of these covering analysts is $71.61, which represents a 19.64% upside difference to the last closing price.The most recent analyst activity consisted of RBC Capital Investment Research Upgrading with Outperform stance on the company. RBC Capital has reduced price target from $72.00 to $70.00 which represents an upside of 17.86% from the last closing price. On the date of the report, the stock closed at $59.85.Another research firm weighing in recently was Zacks who also reiterated on the stock. On August 29^th Zacks boosted their price target on the stock at $67.00, or a 5.41% upside to the current price. On the day of the report, HOG shares closed at $63.56.Company Profile Harley-Davidson, Inc (HOG) manufactures cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products and Financial Services. The Motorcycles & Related Products segment designs, manufactures, and sells at wholesale street-legal Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise, and related services. This segment manufactures six platforms of motorcycles: Touring, Dyna, Softail, Sportster, V-Rod, and Street.