Holley Inc. (NYSE:HLLY – Get Free Report) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $4.90.
HLLY has been the topic of a number of research reports. Canaccord Genuity Group reiterated a “buy” rating and set a $7.00 target price on shares of Holley in a research report on Monday, June 29th. Wall Street Zen raised shares of Holley from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Zacks Research upgraded shares of Holley from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Freedom Capital downgraded Holley from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Finally, Weiss Ratings lowered Holley from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, August 6th.
Check Out Our Latest Stock Analysis on Holley
Institutional Trading of Holley
Holley Stock Performance
NYSE:HLLY opened at $2.65 on Friday. The stock has a market capitalization of $321.74 million, a P/E ratio of 33.17 and a beta of 1.32. The company has a current ratio of 3.06, a quick ratio of 1.39 and a debt-to-equity ratio of 1.15. Holley has a 1 year low of $2.33 and a 1 year high of $4.48. The firm has a 50 day moving average of $2.85 and a 200-day moving average of $2.87.
Holley (NYSE:HLLY – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.08. Holley had a return on equity of 8.41% and a net margin of 1.68%.The business had revenue of $172.01 million for the quarter, compared to analyst estimates of $172.63 million. As a group, sell-side analysts anticipate that Holley will post 0.39 EPS for the current fiscal year.
Holley announced that its board has authorized a share buyback program on Tuesday, May 26th that allows the company to buyback $25.00 million in shares. This buyback authorization allows the company to purchase up to 8.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.
About Holley
Holley Inc (NYSE:HLLY) is an automotive aftermarket company that designs, manufactures and distributes performance products for cars, trucks, powersports vehicles and racing applications. Its offerings are intended for automotive enthusiasts, professional racers, installers and do-it-yourself customers seeking to improve vehicle performance, appearance, sound and functionality.
The company’s product portfolio includes fuel systems and electronic fuel injection systems, carburetors, ignition components, engine-management products, tuners, exhaust systems, headers, intake systems, suspension components and other engine and vehicle accessories.
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