Holley Inc. (NYSE:HLLY – Get Free Report) has been given an average recommendation of “Moderate Buy” by the six analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $4.90.
A number of equities research analysts recently issued reports on the stock. Wall Street Zen cut shares of Holley from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Benchmark reduced their price objective on shares of Holley from $4.50 to $4.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $7.00 price objective on shares of Holley in a report on Monday, June 29th. Raymond James Financial set a $4.00 target price on shares of Holley in a research report on Thursday, May 7th. Finally, Weiss Ratings cut shares of Holley from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, June 17th.
Check Out Our Latest Stock Analysis on HLLY
Institutional Trading of Holley
Holley Stock Performance
Shares of Holley stock opened at $2.40 on Tuesday. The firm has a market capitalization of $290.90 million, a P/E ratio of 12.61 and a beta of 1.33. The company has a quick ratio of 1.07, a current ratio of 3.17 and a debt-to-equity ratio of 1.16. The company has a 50 day moving average price of $2.69 and a 200 day moving average price of $3.38. Holley has a 52 week low of $1.98 and a 52 week high of $4.48.
Holley (NYSE:HLLY – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. Holley had a return on equity of 5.46% and a net margin of 3.89%.The business had revenue of $147.33 million for the quarter, compared to analyst estimates of $152.06 million. Sell-side analysts expect that Holley will post 0.31 EPS for the current year.
Holley announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, May 26th that allows the company to buyback $25.00 million in shares. This buyback authorization allows the company to buy up to 8.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.
Holley Company Profile
Holley Inc is a designer, manufacturer and marketer of high‐performance automotive products for the enthusiast market. Through its portfolio of well‐known brands, the company develops fuel delivery systems, intake manifolds, ignition components, nitrous oxide systems, digital controls and other engine‐dress accessories tailored to both street and competition applications. Holley’s products are sold through a network of domestic and international distributors, retailers and directly to professional race teams and hobbyists.
The company’s product offerings span mechanical and electronic fuel injection, carburetion, engine management, add‐on power systems and calibration tools.
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