Keefe, Bruyette & Woods Cuts Houlihan Lokey (NYSE:HLI) Price Target to $170.00

Houlihan Lokey (NYSE:HLI) had its price objective dropped by stock analysts at Keefe, Bruyette & Woods from $172.00 to $170.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 1.11% from the company’s previous close.

HLI has been the subject of several other research reports. UBS Group lifted their price objective on Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Wells Fargo & Company lifted their price target on Houlihan Lokey from $157.00 to $180.00 and gave the company an “underweight” rating in a report on Thursday, December 12th. StockNews.com lowered shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Morgan Stanley downgraded shares of Houlihan Lokey from an “equal weight” rating to an “underweight” rating and boosted their target price for the stock from $171.00 to $200.00 in a research note on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $173.40.

Houlihan Lokey Trading Up 1.9 %

HLI stock opened at $168.14 on Monday. Houlihan Lokey has a 1-year low of $112.84 and a 1-year high of $192.10. The business’s 50 day moving average is $179.93 and its 200-day moving average is $163.09. The firm has a market cap of $11.69 billion, a P/E ratio of 34.38 and a beta of 0.69.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.15. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. The firm had revenue of $574.96 million for the quarter, compared to analyst estimates of $537.93 million. During the same period in the previous year, the business earned $1.11 earnings per share. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. Sell-side analysts forecast that Houlihan Lokey will post 5.74 EPS for the current year.

Institutional Investors Weigh In On Houlihan Lokey

A number of institutional investors and hedge funds have recently modified their holdings of the business. Ashton Thomas Private Wealth LLC bought a new position in Houlihan Lokey in the second quarter valued at approximately $38,000. Wolff Wiese Magana LLC acquired a new position in shares of Houlihan Lokey in the 3rd quarter valued at $38,000. First Horizon Advisors Inc. boosted its position in shares of Houlihan Lokey by 81.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 198 shares during the last quarter. Quarry LP acquired a new stake in shares of Houlihan Lokey during the third quarter worth $76,000. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in Houlihan Lokey by 69.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 678 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 277 shares during the last quarter. 78.07% of the stock is owned by institutional investors.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), capital market, financial restructuring, and financial and valuation advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory.