Holley Inc. (NYSE:HLLY) Receives $4.67 Consensus Price Target from Analysts

Holley Inc. (NYSE:HLLY) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $4.6667.

A number of equities research analysts have recently issued reports on HLLY shares. Weiss Ratings raised shares of Holley from a “sell (d)” rating to a “hold (c)” rating in a report on Monday, March 23rd. Canaccord Genuity Group raised their price target on shares of Holley from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. DA Davidson set a $4.50 price target on shares of Holley in a research report on Thursday, March 5th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $5.00 price objective on shares of Holley in a research note on Thursday, March 5th.

Holley Stock Performance

Shares of NYSE:HLLY opened at $2.90 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.75 and a quick ratio of 0.96. The business’s 50 day moving average price is $3.76 and its 200-day moving average price is $3.67. The firm has a market capitalization of $682.21 million, a PE ratio of 19.30 and a beta of 1.32. Holley has a 1 year low of $1.60 and a 1 year high of $4.48.

Holley (NYSE:HLLY) last posted its quarterly earnings data on Wednesday, March 4th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.05). The firm had revenue of $155.44 million during the quarter, compared to analyst estimates of $142.76 million. Holley had a net margin of 3.13% and a return on equity of 4.84%. As a group, equities research analysts expect that Holley will post 0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Holley

Large investors have recently made changes to their positions in the stock. Cerity Partners LLC purchased a new stake in Holley in the second quarter valued at $25,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of Holley during the 3rd quarter worth $34,000. State of Alaska Department of Revenue purchased a new position in shares of Holley during the 4th quarter worth $35,000. Sherbrooke Park Advisers LLC acquired a new stake in shares of Holley during the 3rd quarter worth about $38,000. Finally, Captrust Financial Advisors acquired a new stake in shares of Holley during the 2nd quarter worth about $44,000. 39.70% of the stock is currently owned by hedge funds and other institutional investors.

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.