Keefe, Bruyette & Woods Reaffirms “Market Perform” Rating for Houlihan Lokey (NYSE:HLI)

Houlihan Lokey (NYSE:HLI)‘s stock had its “market perform” rating restated by equities research analysts at Keefe, Bruyette & Woods in a report issued on Wednesday,Benzinga reports. They currently have a $192.00 price objective on the financial services provider’s stock, up from their previous price objective of $170.00. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 6.59% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. StockNews.com upgraded shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. lowered their target price on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a research note on Wednesday. Wells Fargo & Company raised their price target on Houlihan Lokey from $178.00 to $180.00 and gave the company an “underweight” rating in a research note on Wednesday. JMP Securities reaffirmed a “market perform” rating on shares of Houlihan Lokey in a research report on Wednesday. Finally, Morgan Stanley downgraded Houlihan Lokey from an “equal weight” rating to an “underweight” rating and increased their price objective for the company from $171.00 to $200.00 in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Houlihan Lokey currently has an average rating of “Hold” and a consensus target price of $194.40.

Houlihan Lokey Stock Up 0.2 %

NYSE:HLI opened at $180.13 on Wednesday. Houlihan Lokey has a 52 week low of $119.28 and a 52 week high of $192.10. The company has a fifty day simple moving average of $178.92 and a two-hundred day simple moving average of $166.78. The company has a market cap of $12.52 billion, a price-to-earnings ratio of 36.84 and a beta of 0.69.

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

Institutional Trading of Houlihan Lokey

Several institutional investors and hedge funds have recently bought and sold shares of the business. Financial Life Planners purchased a new stake in shares of Houlihan Lokey in the fourth quarter valued at about $33,000. Wolff Wiese Magana LLC purchased a new stake in Houlihan Lokey during the 3rd quarter valued at approximately $38,000. Golden State Wealth Management LLC acquired a new stake in Houlihan Lokey during the 4th quarter worth approximately $53,000. First Horizon Advisors Inc. grew its stake 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 valued at $70,000 after purchasing an additional 198 shares during the last quarter. Finally, Quarry LP acquired a new position in shares of Houlihan Lokey in the third quarter valued at approximately $76,000. Hedge funds and other institutional investors own 78.07% of the company’s stock.

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.