Benchmark Co. analyst John Lawrence maintained a Buy rating on Holley (HLLY – Research Report) today and set a price target of $12.00. The company’s shares closed yesterday at $4.97.
Lawrence covers the Consumer Cyclical sector, focusing on stocks such as Holley, Casey’s General, and Citi Trends. According to TipRanks, Lawrence has an average return of 10.0% and a 65.00% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Holley with a $8.07 average price target.
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Based on Holley’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $156.53 million and a net profit of $752 thousand. In comparison, last year the company earned a revenue of $154.78 million and had a net profit of $31.58 million
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HLLY in relation to earlier this year.
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Holley (HLLY) Company Description:
Empower Ltd is a blank check company.
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