Houlihan Lokey (NYSE:HLI) Stock Rating Upgraded by StockNews.com

Houlihan Lokey (NYSE:HLI) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Thursday.

HLI has been the subject of several other research reports. JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Morgan Stanley upped their price objective on Houlihan Lokey from $200.00 to $201.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Wells Fargo & Company raised their target price on Houlihan Lokey from $178.00 to $180.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their target price on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Finally, UBS Group increased their price target 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. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $194.40.

Houlihan Lokey Stock Down 0.1 %

Houlihan Lokey stock opened at $178.27 on Thursday. The business’s 50-day simple moving average is $177.57 and its 200 day simple moving average is $169.46. The stock has a market cap of $12.39 billion, a price-to-earnings ratio of 34.02 and a beta of 0.69. Houlihan Lokey has a 12-month low of $121.81 and a 12-month high of $192.10.

Houlihan Lokey (NYSE:HLI) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.13. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. As a group, sell-side analysts expect that Houlihan Lokey will post 5.98 EPS for the current year.

Institutional Trading of Houlihan Lokey

A number of large investors have recently bought and sold shares of HLI. Ritholtz Wealth Management bought a new stake in shares of Houlihan Lokey during the third quarter worth $224,000. Wolff Wiese Magana LLC bought a new stake in Houlihan Lokey in the 3rd quarter valued at $38,000. Rheos Capital Works Inc. boosted its stake in Houlihan Lokey by 65.1% in the 3rd quarter. Rheos Capital Works Inc. now owns 63,400 shares of the financial services provider’s stock worth $10,018,000 after purchasing an additional 25,000 shares during the period. nVerses Capital LLC bought a new position in Houlihan Lokey during the 3rd quarter worth about $442,000. Finally, Bleakley Financial Group LLC raised its stake in shares of Houlihan Lokey by 4.8% in the 3rd quarter. Bleakley Financial Group LLC now owns 4,275 shares of the financial services provider’s stock valued at $676,000 after purchasing an additional 194 shares during the period. 78.07% of the stock is owned by institutional investors.

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.