Houlihan Lokey (NYSE:HLI) Price Target Raised to $185.00 at Keefe, Bruyette & Woods

Houlihan Lokey (NYSE:HLI) had its target price hoisted by investment analysts at Keefe, Bruyette & Woods from $183.00 to $185.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 3.53% from the company’s previous close.

A number of other research analysts have also recently weighed in on the stock. Morgan Stanley dropped their price objective on shares of Houlihan Lokey from $190.00 to $156.00 and set an “overweight” rating for the company in a report on Monday, April 7th. Wells Fargo & Company boosted their price target on Houlihan Lokey from $170.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday. JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. StockNews.com downgraded Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lowered their target price on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $185.00.

Houlihan Lokey Trading Up 2.7%

NYSE:HLI traded up $4.69 on Monday, hitting $178.69. The company had a trading volume of 169,209 shares, compared to its average volume of 351,936. The stock has a market capitalization of $12.53 billion, a price-to-earnings ratio of 34.10 and a beta of 0.82. The firm has a 50 day moving average of $158.55 and a two-hundred day moving average of $171.49. Houlihan Lokey has a 52 week low of $127.14 and a 52 week high of $192.10.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.35. The business had revenue of $666.42 million for the quarter, compared to the consensus estimate of $628.25 million. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. The company’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.27 EPS. As a group, equities analysts forecast that Houlihan Lokey will post 5.98 EPS for the current year.

Hedge Funds Weigh In On Houlihan Lokey

A number of institutional investors have recently added to or reduced their stakes in HLI. Barclays PLC grew its position in shares of Houlihan Lokey by 21.4% during the 3rd quarter. Barclays PLC now owns 36,821 shares of the financial services provider’s stock worth $5,818,000 after buying an additional 6,483 shares during the period. Gunderson Capital Management Inc. purchased a new stake in Houlihan Lokey in the fourth quarter worth approximately $5,133,000. Jones Financial Companies Lllp boosted its position in shares of Houlihan Lokey by 80.9% during the fourth quarter. Jones Financial Companies Lllp now owns 5,638 shares of the financial services provider’s stock valued at $979,000 after buying an additional 2,521 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Houlihan Lokey during the fourth quarter valued at $21,613,000. Finally, Park Avenue Securities LLC grew its stake in shares of Houlihan Lokey by 20.8% during the 4th quarter. Park Avenue Securities LLC now owns 9,296 shares of the financial services provider’s stock valued at $1,614,000 after purchasing an additional 1,599 shares during the period. 78.07% of the stock is currently 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.