Houlihan Lokey (NYSE:HLI) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Houlihan Lokey (NYSE:HLI) had its price target boosted by investment analysts at Keefe, Bruyette & Woods from $183.00 to $185.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 3.53% from the company’s current price.

A number of other analysts have also weighed in on HLI. Wells Fargo & Company upped their target price on shares of Houlihan Lokey from $170.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday. JMP Securities restated a “market perform” rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price objective on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. StockNews.com cut shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, UBS Group boosted their target price on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $185.00.

Houlihan Lokey Trading Up 2.7%

NYSE HLI traded up $4.69 during trading hours on Monday, reaching $178.69. The company’s stock had a trading volume of 169,209 shares, compared to its average volume of 351,936. The business has a 50-day simple moving average of $158.55 and a 200 day simple moving average of $171.49. Houlihan Lokey has a 52 week low of $127.14 and a 52 week high of $192.10. The stock has a market cap of $12.53 billion, a PE ratio of 34.10 and a beta of 0.82.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.35. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. The company had revenue of $666.42 million during the quarter, compared to analyst estimates of $628.25 million. During the same quarter in the previous year, the business earned $1.27 EPS. The firm’s revenue was up 28.0% on a year-over-year basis. As a group, equities analysts predict that Houlihan Lokey will post 5.98 EPS for the current year.

Hedge Funds Weigh In On Houlihan Lokey

Several institutional investors and hedge funds have recently made changes to their positions in HLI. Barclays PLC grew its holdings in shares of Houlihan Lokey by 21.4% during the 3rd quarter. Barclays PLC now owns 36,821 shares of the financial services provider’s stock worth $5,818,000 after purchasing an additional 6,483 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Houlihan Lokey by 1.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 26,706 shares of the financial services provider’s stock worth $4,220,000 after buying an additional 482 shares during the period. PFW Advisors LLC purchased a new stake in shares of Houlihan Lokey during the fourth quarter worth $243,000. Gunderson Capital Management Inc. purchased a new position in Houlihan Lokey during the 4th quarter valued at about $5,133,000. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Houlihan Lokey in the 4th quarter worth $21,613,000. 78.07% of the stock is currently owned by hedge funds and other 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.