Holley Inc. (NYSE:HLLY) Receives $6.39 Consensus PT from Analysts

Shares of Holley Inc. (NYSE:HLLYGet Free Report) have received an average rating of “Moderate Buy” from the six research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $6.63.

A number of brokerages recently weighed in on HLLY. Canaccord Genuity Group decreased their price target on shares of Holley from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Telsey Advisory Group lowered their target price on Holley from $5.50 to $4.50 and set an “outperform” rating for the company in a research note on Monday, November 11th. Raymond James reduced their price target on Holley from $5.25 to $4.25 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Truist Financial lowered their price objective on shares of Holley from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Benchmark restated a “buy” rating and issued a $12.00 target price on shares of Holley in a research note on Wednesday, September 4th.

Read Our Latest Report on HLLY

Holley Price Performance

Shares of NYSE:HLLY opened at $2.76 on Wednesday. The company has a market cap of $330.59 million, a P/E ratio of 21.23 and a beta of 1.45. The business has a fifty day simple moving average of $2.89 and a 200-day simple moving average of $3.32. Holley has a 52 week low of $2.29 and a 52 week high of $5.23. The company has a quick ratio of 1.19, a current ratio of 2.93 and a debt-to-equity ratio of 1.20.

Holley (NYSE:HLLYGet Free Report) last released its earnings results on Friday, November 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.04). Holley had a return on equity of 2.59% and a net margin of 2.55%. The company had revenue of $134.00 million during the quarter, compared to analyst estimates of $142.53 million. During the same period in the prior year, the business posted $0.03 earnings per share. Holley’s revenue was down 14.4% on a year-over-year basis. Equities research analysts forecast that Holley will post 0.14 EPS for the current year.

Institutional Trading of Holley

Several hedge funds have recently made changes to their positions in HLLY. Lazard Asset Management LLC acquired a new stake in Holley in the 1st quarter valued at approximately $43,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of Holley in the second quarter worth $42,000. Verition Fund Management LLC acquired a new position in shares of Holley during the third quarter valued at $35,000. Intech Investment Management LLC bought a new stake in shares of Holley during the third quarter valued at about $41,000. Finally, SG Americas Securities LLC acquired a new stake in Holley in the third quarter worth about $52,000. Institutional investors own 39.70% of the company’s stock.

Holley Company Profile

(Get Free Report

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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Analyst Recommendations for Holley (NYSE:HLLY)

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