Keefe, Bruyette & Woods Lowers Houlihan Lokey (NYSE:HLI) Price Target to $170.00

Houlihan Lokey (NYSE:HLI) had its price target cut by research analysts at Keefe, Bruyette & Woods from $172.00 to $170.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 1.11% from the company’s previous close.

Several other equities analysts also recently commented on the stock. UBS Group increased their target price on shares of Houlihan Lokey from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Morgan Stanley downgraded Houlihan Lokey from an “equal weight” rating to an “underweight” rating and raised their price objective for the company from $171.00 to $200.00 in a research note on Monday, December 9th. StockNews.com lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Wells Fargo & Company increased their price target on Houlihan Lokey from $157.00 to $180.00 and gave the company an “underweight” rating in a report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Houlihan Lokey currently has a consensus rating of “Hold” and a consensus target price of $173.40.

Houlihan Lokey Price Performance

HLI opened at $168.14 on Monday. The company has a market capitalization of $11.69 billion, a PE ratio of 34.38 and a beta of 0.69. Houlihan Lokey has a fifty-two week low of $112.84 and a fifty-two week high of $192.10. The business has a 50-day moving average of $179.93 and a 200-day moving average of $163.09.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.15. The firm had revenue of $574.96 million for the quarter, compared to analyst estimates of $537.93 million. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. The company’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.11 earnings per share. On average, equities research analysts expect that Houlihan Lokey will post 5.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Houlihan Lokey

Large investors have recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC bought a new position in shares of Houlihan Lokey during the 2nd quarter worth about $38,000. Wolff Wiese Magana LLC acquired a new position in Houlihan Lokey in the 3rd quarter valued at approximately $38,000. First Horizon Advisors Inc. lifted its position 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 worth $70,000 after acquiring an additional 198 shares during the period. Quarry LP acquired a new stake in shares of Houlihan Lokey during the 3rd quarter worth approximately $76,000. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in shares of Houlihan Lokey by 69.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 678 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 277 shares in the last quarter. 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.