Houlihan Lokey (NYSE:HLI) Raised to “Buy” at StockNews.com

Houlihan Lokey (NYSE:HLI) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.

A number of other research analysts also recently weighed in on HLI. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $192.00 price target (up from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. UBS Group raised their target price on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Morgan Stanley upped their price target on shares of Houlihan Lokey from $200.00 to $201.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Houlihan Lokey presently has an average rating of “Hold” and a consensus target price of $194.40.

Houlihan Lokey Trading Down 0.1 %

Houlihan Lokey stock opened at $178.27 on Thursday. Houlihan Lokey has a 1-year low of $121.81 and a 1-year high of $192.10. The company has a fifty day simple moving average of $177.57 and a 200 day simple moving average of $169.46. The company has a market cap of $12.39 billion, a P/E ratio of 34.02 and a beta of 0.69.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.13. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. On average, equities research analysts forecast that Houlihan Lokey will post 5.98 EPS for the current year.

Institutional Trading of Houlihan Lokey

A number of hedge funds have recently modified their holdings of the stock. Private Trust Co. NA bought a new position in Houlihan Lokey in the 4th quarter valued at about $29,000. Financial Life Planners acquired a new position in shares of Houlihan Lokey in the fourth quarter valued at approximately $33,000. Wolff Wiese Magana LLC bought a new position in shares of Houlihan Lokey during the third quarter worth approximately $38,000. Golden State Wealth Management LLC acquired a new stake in Houlihan Lokey during the 4th quarter worth approximately $53,000. Finally, VisionPoint Advisory Group LLC bought a new stake in Houlihan Lokey in the 4th quarter valued at $62,000. Institutional investors and hedge funds own 78.07% of the company’s stock.

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.