Houlihan Lokey (NYSE:HLI) Rating Increased to Overweight at Wells Fargo & Company

Houlihan Lokey (NYSE:HLI - Get Free Report) was upgraded by investment analysts at Wells Fargo & Company from an "underweight" rating to an "overweight" rating in a report issued on Tuesday, Marketbeat reports. The firm currently has a $179.00 target price on the financial services provider's stock, down from their previous target price of $180.00. Wells Fargo & Company's price objective would indicate a potential upside of 15.82% from the stock's current price.

Other equities research analysts also recently issued reports about the stock. StockNews.com downgraded shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $192.00 price target (up from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. JMP Securities reissued a "market perform" rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Morgan Stanley raised their price target on shares of Houlihan Lokey from $200.00 to $201.00 and gave the company an "underweight" rating in a research note on Wednesday, January 29th. Finally, UBS Group lifted their target price on Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $194.20.

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Houlihan Lokey Trading Down 1.9 %

NYSE:HLI opened at $154.56 on Tuesday. The firm has a fifty day simple moving average of $175.66 and a 200 day simple moving average of $171.96. The stock has a market capitalization of $10.84 billion, a PE ratio of 29.50 and a beta of 0.72. Houlihan Lokey has a 1-year low of $121.81 and a 1-year high of $192.10.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released 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 return on equity of 20.04% and a net margin of 16.00%. On average, equities analysts predict that Houlihan Lokey will post 5.98 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Houlihan Lokey

A number of large investors have recently bought and sold shares of the stock. Private Trust Co. NA acquired a new position in Houlihan Lokey during the 4th quarter worth approximately $29,000. Financial Life Planners acquired a new position in shares of Houlihan Lokey during the fourth quarter valued at about $33,000. Golden State Wealth Management LLC bought a new stake in shares of Houlihan Lokey during the fourth quarter worth about $53,000. VisionPoint Advisory Group LLC bought a new position in Houlihan Lokey during the 4th quarter valued at $62,000. Finally, First Horizon Advisors Inc. boosted its holdings in Houlihan Lokey by 81.5% during the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider's stock worth $70,000 after purchasing an additional 198 shares during 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.

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