Holley Inc. (NYSE:HLLY – Get Free Report) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $4.90.
HLLY has been the topic of a number of research analyst reports. Canaccord Genuity Group restated a “buy” rating and issued a $7.00 target price on shares of Holley in a research report on Monday, June 29th. Freedom Capital cut Holley from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 13th. Benchmark cut their price objective on Holley from $4.50 to $4.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Zacks Research upgraded Holley from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Finally, Weiss Ratings downgraded Holley from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, August 6th.
Read Our Latest Stock Analysis on HLLY
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Holley Stock Down 0.3%
HLLY stock opened at $3.08 on Wednesday. The firm has a 50-day moving average price of $2.70 and a 200-day moving average price of $3.04. Holley has a 12 month low of $2.33 and a 12 month high of $4.48. The company has a current ratio of 3.06, a quick ratio of 1.39 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $373.39 million, a P/E ratio of 38.50 and a beta of 1.31.
Holley (NYSE:HLLY – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.08. The company had revenue of $172.01 million for the quarter, compared to analyst estimates of $172.63 million. Holley had a net margin of 1.68% and a return on equity of 8.41%. As a group, equities research analysts anticipate that Holley will post 0.39 EPS for the current fiscal year.
Holley announced that its board has authorized a stock buyback program on Tuesday, May 26th that permits the company to buyback $25.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 8.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
About Holley
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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