Houlihan Lokey (NYSE:HLI) Price Target Raised to $201.00

Houlihan Lokey (NYSE:HLI) had its target price increased by investment analysts at Morgan Stanley from $200.00 to $201.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “underweight” rating on the financial services provider’s stock. Morgan Stanley’s target price would suggest a potential upside of 11.75% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a research note on Wednesday. UBS Group raised their price target on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday. Wells Fargo & Company boosted their price objective on shares of Houlihan Lokey from $178.00 to $180.00 and gave the stock an “underweight” rating in a research note on Wednesday. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $192.00 target price (up from $170.00) on shares of Houlihan Lokey in a research note on Wednesday. Finally, StockNews.com raised Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $194.40.

Houlihan Lokey Stock Down 2.3 %

HLI stock traded down $4.20 during trading on Wednesday, hitting $179.87. The company had a trading volume of 233,349 shares, compared to its average volume of 415,292. Houlihan Lokey has a 52-week low of $119.28 and a 52-week high of $192.10. The company has a 50 day simple moving average of $179.23 and a 200-day simple moving average of $166.59. The firm has a market capitalization of $12.50 billion, a P/E ratio of 36.85 and a beta of 0.69.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.51 by $0.13. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. Sell-side analysts forecast that Houlihan Lokey will post 5.74 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Financial Life Planners acquired a new stake in Houlihan Lokey during the 4th quarter worth about $33,000. Wolff Wiese Magana LLC purchased a new stake in shares of Houlihan Lokey in the third quarter worth about $38,000. Golden State Wealth Management LLC acquired a new stake in Houlihan Lokey during the fourth quarter worth about $53,000. First Horizon Advisors Inc. raised its position in Houlihan Lokey by 81.5% during the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 198 shares in the last quarter. Finally, Quarry LP acquired a new position in Houlihan Lokey in the third quarter valued at approximately $76,000. 78.07% of the stock is owned by institutional investors and hedge funds.

About Houlihan Lokey

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.