Holley Inc. (NYSE:HLLY – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $6.54.
A number of equities analysts have issued reports on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and set a $5.50 price objective on shares of Holley in a report on Monday, September 9th. Canaccord Genuity Group cut their price target on shares of Holley from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Truist Financial decreased their price objective on shares of Holley from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Raymond James cut their target price on Holley from $5.25 to $4.25 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, Benchmark reaffirmed a “buy” rating and set a $12.00 price target on shares of Holley in a research report on Wednesday, September 4th.
View Our Latest Analysis on HLLY
Hedge Funds Weigh In On Holley
Holley Trading Up 0.5 %
NYSE:HLLY opened at $2.75 on Friday. Holley has a one year low of $2.69 and a one year high of $5.23. The company has a market cap of $327.51 million, a PE ratio of 17.16 and a beta of 1.43. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.80 and a quick ratio of 1.19. The firm has a 50-day moving average of $3.03 and a 200-day moving average of $3.48.
Holley (NYSE:HLLY – Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. Holley had a return on equity of 3.51% and a net margin of 3.56%. The firm had revenue of $169.50 million during the quarter, compared to analyst estimates of $170.40 million. During the same period in the previous year, the company posted $0.14 EPS. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. As a group, equities research analysts expect that Holley will post 0.19 EPS for the current fiscal year.
About Holley
Holley Inc operates as designer, manufacturer, and marketer of automotive aftermarket products for car and truck enthusiasts in the United States, Canada, Europe, and China. Its products span various automotive platforms and sells across multiple channels. The company's performance automotive products include carburetors, fuel pumps, fuel injection systems, nitrous oxide injection systems, superchargers, exhaust headers, mufflers, distributors, ignition components, engine tuners, automotive performance plumbing products; and exhaust products, as well as shifters, converters, transmission kits, transmissions, tuners, and automotive software.
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