Houlihan Lokey, Inc. (NYSE:HLI)‘s stock had its “buy” rating reaffirmed by investment analysts at Keefe, Bruyette & Woods in a research note issued on Thursday, July 27th. They presently have a $40.00 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 12.90% from the stock’s current price.
A number of other brokerages have also recently weighed in on HLI. UBS AG restated a “buy” rating and set a $42.00 price objective (up from $40.00) on shares of Houlihan Lokey in a research note on Wednesday, July 26th. Zacks Investment Research upgraded shares of Houlihan Lokey from a “sell” rating to a “hold” rating in a research note on Monday, July 3rd. BidaskClub cut shares of Houlihan Lokey from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Bank of America Corporation cut shares of Houlihan Lokey from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $36.00 to $38.00 in a research note on Thursday, May 11th. They noted that the move was a valuation call. Finally, JMP Securities restated an “outperform” rating and set a $36.00 price objective (up from $34.00) on shares of Houlihan Lokey in a research note on Friday, April 7th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $39.40.
Houlihan Lokey (HLI) opened at 35.43 on Thursday. The firm’s 50-day moving average is $36.31 and its 200-day moving average is $33.99. The stock has a market cap of $2.37 billion, a P/E ratio of 18.37 and a beta of 0.31. Houlihan Lokey has a 12 month low of $23.19 and a 12 month high of $39.68.
Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. Houlihan Lokey had a net margin of 14.10% and a return on equity of 18.63%. The business had revenue of $217 million for the quarter, compared to analysts’ expectations of $203.21 million. During the same period in the previous year, the business earned $0.35 earnings per share. The company’s revenue was up 19.9% on a year-over-year basis. On average, equities analysts forecast that Houlihan Lokey will post $2.05 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This news story was first posted by BBNS and is the property of of BBNS. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://baseballnewssource.com/markets/houlihan-lokey-inc-nysehli-stock-rating-reaffirmed-by-keefe-bruyette-woods-updated-updated/1315203.html.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in Houlihan Lokey during the second quarter worth about $105,000. Tower Research Capital LLC TRC raised its position in Houlihan Lokey by 122.9% in the second quarter. Tower Research Capital LLC TRC now owns 4,300 shares of the financial services provider’s stock worth $150,000 after buying an additional 2,371 shares during the last quarter. Victory Capital Management Inc. raised 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 worth $158,000 after buying an additional 381 shares during the last quarter. Legal & General Group Plc raised 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 worth $159,000 after buying an additional 1,270 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new position in Houlihan Lokey during the first quarter worth about $182,000. 32.66% of the stock is currently owned by hedge funds and other institutional investors.
About Houlihan Lokey
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.
Receive News & Ratings for Houlihan Lokey Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Houlihan Lokey Inc. and related companies with our FREE daily email newsletter.