We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Harley-Davidson (HOG) Joining the Ducati Takeover Race?
Read MoreHide Full Article
Harley-Davidson, Inc. (HOG - Free Report) is entering the race to acquire Italian motorcycle manufacturer Ducati, according to Reuters. If the $1.67 billion deal materializes, it will bring together the prestigious European high-performance bike maker with the Milwaukee, WI-based designer and manufacturer of heavyweight motorcycles and related products and merchandise.
Importantly, Ducati, which was introduced in 1926, was put up for sale by the Germany-based Volkswagen AG , which controls Ducati through its Audi division. Notably, the German automaker is in talks with investment boutique Evercore on the sale prospects, which it feels can repair its image tarnished by the emissions scandal.
Per the news, Indian motorcycle company, Bajaj Auto, and other buyout funds are also in the contention for the takeover bid of Ducati. For Harley, entering into this race is in sync with its strategy to expand ridership, raise its international business and launch 100 new motorcycles.
Harley-Davidson has underperformed the Zacks categorized Automotive - Domestic industry in the last three months. The company’s share price has decreased 6.6%, while the industry has gained 8.5%.
Currently, Harley-Davidson carries a Zacks Rank #4 (Sell), whereas Volkswagen holds a Zacks Rank #2 (Buy).
Other favorable stocks in the auto space include Fox Factory Holding Corp (FOXF - Free Report) and General Motors Company (GM - Free Report) , each sporting a Zacks Rank #2 (Buy).
Expected long-term growth rate for Fox Factory Holding and General Motors are 15.6% and 9.2% respectively.
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Is Harley-Davidson (HOG) Joining the Ducati Takeover Race?
Harley-Davidson, Inc. (HOG - Free Report) is entering the race to acquire Italian motorcycle manufacturer Ducati, according to Reuters. If the $1.67 billion deal materializes, it will bring together the prestigious European high-performance bike maker with the Milwaukee, WI-based designer and manufacturer of heavyweight motorcycles and related products and merchandise.
Importantly, Ducati, which was introduced in 1926, was put up for sale by the Germany-based Volkswagen AG , which controls Ducati through its Audi division. Notably, the German automaker is in talks with investment boutique Evercore on the sale prospects, which it feels can repair its image tarnished by the emissions scandal.
Per the news, Indian motorcycle company, Bajaj Auto, and other buyout funds are also in the contention for the takeover bid of Ducati. For Harley, entering into this race is in sync with its strategy to expand ridership, raise its international business and launch 100 new motorcycles.
Harley-Davidson has underperformed the Zacks categorized Automotive - Domestic industry in the last three months. The company’s share price has decreased 6.6%, while the industry has gained 8.5%.
Currently, Harley-Davidson carries a Zacks Rank #4 (Sell), whereas Volkswagen holds a Zacks Rank #2 (Buy).
You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Other favorable stocks in the auto space include Fox Factory Holding Corp (FOXF - Free Report) and General Motors Company (GM - Free Report) , each sporting a Zacks Rank #2 (Buy).
Expected long-term growth rate for Fox Factory Holding and General Motors are 15.6% and 9.2% respectively.
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>