Houlihan Lokey (NYSE:HLI) Upgraded at Morgan Stanley

Houlihan Lokey (NYSE:HLI) was upgraded by investment analysts at Morgan Stanley from an “underweight” rating to an “overweight” rating in a report issued on Thursday,Briefing.com Automated Import reports. The firm currently has a $190.00 price objective on the financial services provider’s stock, down from their previous price objective of $201.00. Morgan Stanley’s price target would suggest a potential upside of 21.25% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. lowered their price objective on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. UBS Group increased their price objective on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. JMP Securities restated a “market perform” rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. StockNews.com downgraded shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $192.00 price target (up from $170.00) on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $192.00.

Houlihan Lokey Price Performance

Shares of NYSE HLI opened at $156.70 on Thursday. Houlihan Lokey has a 1 year low of $121.81 and a 1 year high of $192.10. The company’s 50-day moving average is $174.61 and its 200 day moving average is $171.88. The stock has a market capitalization of $10.99 billion, a P/E ratio of 29.90 and a beta of 0.72.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share 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%. Research analysts anticipate that Houlihan Lokey will post 5.98 earnings per share for the current year.

Hedge Funds Weigh In On Houlihan Lokey

A number of institutional investors and hedge funds have recently made changes to their positions in HLI. Private Trust Co. NA purchased a new position in shares of Houlihan Lokey in the 4th quarter worth $29,000. Financial Life Planners bought a new stake in shares of Houlihan Lokey in the 4th quarter worth about $33,000. Golden State Wealth Management LLC bought a new stake in shares of Houlihan Lokey in the 4th quarter worth about $53,000. VisionPoint Advisory Group LLC bought a new stake in shares of Houlihan Lokey in the 4th quarter worth about $62,000. Finally, First Horizon Advisors Inc. lifted its holdings 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 acquiring an additional 198 shares during the last quarter. 78.07% of the stock is owned by hedge funds and other institutional investors.

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.