Holley (NYSE:HLLY) Price Target Cut to $6.00

Holley (NYSE:HLLYGet Rating) had its price target reduced by Truist Financial to $6.00 in a note issued to investors on Thursday, Stock Target Advisor reports. Truist Financial’s target price suggests a potential upside of 100.00% from the company’s previous close.

HLLY has been the subject of several other research reports. Telsey Advisory Group reduced their target price on shares of Holley from $9.00 to $7.00 and set an “outperform” rating for the company in a report on Tuesday. Benchmark reduced their target price on shares of Holley to $8.00 in a report on Thursday. Raymond James dropped their price target on shares of Holley from $9.00 to $5.00 and set an “outperform” rating on the stock in a research report on Tuesday. DA Davidson dropped their price target on shares of Holley from $9.00 to $5.00 in a research report on Tuesday. Finally, Jefferies Financial Group lowered shares of Holley from a “buy” rating to a “hold” rating and dropped their price target for the stock from $18.00 to $10.00 in a research report on Friday, July 29th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Holley has an average rating of “Moderate Buy” and a consensus target price of $8.11.

Holley Stock Performance

Shares of HLLY opened at $3.00 on Thursday. Holley has a 12 month low of $2.29 and a 12 month high of $14.68. The firm has a fifty day simple moving average of $4.15 and a 200 day simple moving average of $7.42. The stock has a market capitalization of $357.36 million, a price-to-earnings ratio of 4.77, a PEG ratio of 0.34 and a beta of 0.68. The company has a current ratio of 3.37, a quick ratio of 1.16 and a debt-to-equity ratio of 1.52.

Hedge Funds Weigh In On Holley

Large investors have recently modified their holdings of the stock. Rice Hall James & Associates LLC increased its position in Holley by 0.4% during the first quarter. Rice Hall James & Associates LLC now owns 313,871 shares of the company’s stock worth $4,366,000 after acquiring an additional 1,300 shares during the period. Charles Schwab Investment Management Inc. increased its position in Holley by 2.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 184,857 shares of the company’s stock worth $2,572,000 after acquiring an additional 4,596 shares during the period. Swiss National Bank increased its position in Holley by 5.4% during the first quarter. Swiss National Bank now owns 95,800 shares of the company’s stock worth $1,333,000 after acquiring an additional 4,900 shares during the period. Legal & General Group Plc increased its position in Holley by 53.0% during the second quarter. Legal & General Group Plc now owns 15,726 shares of the company’s stock worth $165,000 after acquiring an additional 5,445 shares during the period. Finally, Royal Bank of Canada increased its position in Holley by 35.2% during the first quarter. Royal Bank of Canada now owns 21,062 shares of the company’s stock worth $293,000 after acquiring an additional 5,486 shares during the period.

About Holley

(Get Rating)

Holley Inc designs, manufactures, and markets automotive aftermarket products for car and truck enthusiasts in the United States, Canada, Europe, and China. The company's 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.

Recommended Stories

Stock Target Advisor logo

Analyst Recommendations for Holley (NYSE:HLLY)

Receive News & Ratings for Holley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Holley and related companies with MarketBeat.com's FREE daily email newsletter.