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

Houlihan Lokey (NYSE:HLI) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

Several other equities analysts have also issued reports on the company. UBS Group upped their target price on Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Wells Fargo & Company dropped their price target on shares of Houlihan Lokey from $180.00 to $178.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods cut their target price on Houlihan Lokey from $172.00 to $170.00 and set a “market perform” rating for the company in a research note on Monday, January 13th. Finally, Morgan Stanley lowered shares of Houlihan Lokey from an “equal weight” rating to an “underweight” rating and boosted their price target for the company from $171.00 to $200.00 in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $194.40.

Houlihan Lokey Trading Down 2.1 %

Shares of NYSE HLI opened at $180.16 on Tuesday. The firm’s 50-day moving average price is $179.10 and its 200-day moving average price is $166.69. The firm has a market capitalization of $12.52 billion, a P/E ratio of 36.84 and a beta of 0.69. Houlihan Lokey has a 1-year low of $119.28 and a 1-year high of $192.10.

Houlihan Lokey (NYSE:HLI) last posted its quarterly 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 15.77% and a return on equity of 19.29%. Equities research analysts forecast that Houlihan Lokey will post 5.74 EPS for the current year.

Institutional Investors Weigh In On Houlihan Lokey

Institutional investors have recently bought and sold shares of the stock. Financial Life Planners bought a new position in shares of Houlihan Lokey during the fourth quarter valued at about $33,000. Wolff Wiese Magana LLC bought a new position in Houlihan Lokey during the 3rd quarter valued at approximately $38,000. Golden State Wealth Management LLC purchased a new stake in Houlihan Lokey in the 4th quarter worth approximately $53,000. First Horizon Advisors Inc. lifted its holdings in 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 buying an additional 198 shares during the period. Finally, Quarry LP bought a new stake in shares of Houlihan Lokey in the 3rd quarter worth approximately $76,000. 78.07% of the stock is currently owned by hedge funds and other 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.