Holley (NYSE:HLLY) Given New $14.50 Price Target at Raymond James

Holley (NYSE:HLLY) had its target price upped by Raymond James from $14.00 to $14.50 in a report released on Friday, Price Targets.com reports. The firm currently has an outperform rating on the stock.

Other equities research analysts have also issued research reports about the stock. Telsey Advisory Group increased their price objective on shares of Holley from $15.00 to $16.00 and gave the stock an outperform rating in a research note on Tuesday. Zacks Investment Research upgraded shares of Holley from a hold rating to a buy rating and set a $14.00 price target on the stock in a research note on Wednesday. Finally, Jefferies Financial Group started coverage on shares of Holley in a research note on Friday, September 17th. They issued a buy rating and a $18.00 price target on the stock. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of Buy and an average target price of $14.91.

HLLY opened at $13.03 on Friday. Holley has a fifty-two week low of $9.24 and a fifty-two week high of $13.64. The stock’s 50-day simple moving average is $12.60. The company has a current ratio of 2.78, a quick ratio of 1.16 and a debt-to-equity ratio of 1.78.

Holley (NYSE:HLLY) last released its quarterly earnings data on Wednesday, November 10th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). The company had revenue of $159.67 million for the quarter, compared to analysts’ expectations of $155.44 million. Sell-side analysts predict that Holley will post 0.69 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wasatch Advisors Inc. acquired a new position in shares of Holley during the third quarter valued at approximately $130,547,000. Bamco Inc. NY acquired a new position in shares of Holley during the third quarter valued at approximately $51,781,000. Polar Asset Management Partners Inc. acquired a new position in shares of Holley during the third quarter valued at approximately $19,093,000. Marshall Wace LLP acquired a new position in shares of Holley during the second quarter valued at approximately $7,547,000. Finally, Skylands Capital LLC bought a new stake in Holley during the third quarter worth approximately $4,247,000. Institutional investors and hedge funds own 28.31% of the company’s stock.

Holley Company Profile

Empower Ltd. is a blank check company. It formed for the purpose of merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Empower Ltd. is based in New York.

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Analyst Recommendations for Holley (NYSE:HLLY)

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