Houlihan Lokey, Inc. (NYSE:HLI) has been given a consensus recommendation of “Buy” by the six analysts that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $36.00.
A number of analysts have commented on the company. Zacks Investment Research upgraded Houlihan Lokey from a “sell” rating to a “hold” rating and set a $41.00 price objective for the company in a research report on Wednesday, July 12th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $38.00 price objective on shares of Houlihan Lokey in a research report on Wednesday, June 14th. JMP Securities reiterated an “outperform” rating and issued a $36.00 price objective (up previously from $34.00) on shares of Houlihan Lokey in a research report on Friday, April 7th. Finally, Bank of America Corporation downgraded Houlihan Lokey from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $36.00 to $38.00 in a research report on Thursday, May 11th. They noted that the move was a valuation call.
Institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. increased its position in Houlihan Lokey by 9.1% in the first quarter. Victory Capital Management Inc. now owns 4,590 shares of the financial services provider’s stock valued at $158,000 after buying an additional 381 shares during the period. Legal & General Group Plc increased its position in Houlihan Lokey by 37.8% in the first quarter. Legal & General Group Plc now owns 4,628 shares of the financial services provider’s stock valued at $159,000 after buying an additional 1,270 shares during the period. O Shaughnessy Asset Management LLC bought a new position in Houlihan Lokey during the first quarter valued at approximately $182,000. Jane Street Group LLC bought a new position in Houlihan Lokey during the first quarter valued at approximately $205,000. Finally, American International Group Inc. increased its position in Houlihan Lokey by 7.1% in the first quarter. American International Group Inc. now owns 7,512 shares of the financial services provider’s stock valued at $259,000 after buying an additional 497 shares during the period. Institutional investors and hedge funds own 32.56% of the company’s stock.
Shares of Houlihan Lokey (NYSE:HLI) opened at 36.95 on Friday. The company has a market capitalization of $2.48 billion, a P/E ratio of 22.67 and a beta of 0.30. The stock has a 50 day moving average price of $35.14 and a 200-day moving average price of $33.26. Houlihan Lokey has a one year low of $22.61 and a one year high of $37.25.
Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Tuesday, May 9th. The financial services provider reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.14. Houlihan Lokey had a return on equity of 17.83% and a net margin of 12.42%. The company had revenue of $257.10 million during the quarter, compared to the consensus estimate of $207.02 million. During the same quarter last year, the company earned $0.43 EPS. The company’s quarterly revenue was up 40.0% on a year-over-year basis. Equities research analysts predict that Houlihan Lokey will post $1.95 earnings per share for the current fiscal year.
Houlihan Lokey Company Profile
Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), financings, financial restructurings and financial advisory services. The Company operates through three segments: Corporate Finance, Financial Restructuring and Financial Advisory Services. The Company serves a set of clients across the world, including corporations, financial sponsors and government agencies.
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