Keefe, Bruyette & Woods Reiterates "Market Perform" Rating for Houlihan Lokey (NYSE:HLI)

Houlihan Lokey (NYSE:HLI - Get Free Report)'s stock had its "market perform" rating reaffirmed by Keefe, Bruyette & Woods in a research report issued on Wednesday,Benzinga reports. They presently have a $192.00 target price on the financial services provider's stock, up from their prior target price of $170.00. Keefe, Bruyette & Woods' price objective points to a potential upside of 6.78% from the stock's current price.

Several other analysts have also weighed in on the stock. Morgan Stanley lowered shares of Houlihan Lokey from an "equal weight" rating to an "underweight" rating and boosted their target price for the company from $171.00 to $200.00 in a research note on Monday, December 9th. JMP Securities reaffirmed a "market perform" rating on shares of Houlihan Lokey in a research report on Wednesday. Wells Fargo & Company raised their target price on shares of Houlihan Lokey from $178.00 to $180.00 and gave the stock an "underweight" rating in a report on Wednesday. StockNews.com raised Houlihan Lokey from a "hold" rating to a "buy" rating in a report on Tuesday. Finally, JPMorgan Chase & Co. cut their price target on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating on the stock in a report on Wednesday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Houlihan Lokey currently has a consensus rating of "Hold" and an average target price of $194.20.

Houlihan Lokey Price Performance

HLI traded down $4.26 on Wednesday, reaching $179.81. The company's stock had a trading volume of 137,815 shares, compared to its average volume of 409,980. Houlihan Lokey has a 1 year low of $119.28 and a 1 year high of $192.10. The business's 50 day moving average is $179.23 and its 200 day moving average is $166.59. The stock has a market cap of $12.50 billion, a price-to-earnings ratio of 36.77 and a beta of 0.69.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.51 by $0.13. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. As a group, research analysts forecast that Houlihan Lokey will post 5.74 earnings per share for the current fiscal year.

Institutional Trading of Houlihan Lokey

A number of hedge funds and other institutional investors have recently made changes to their positions in HLI. Financial Life Planners acquired a new position in shares of Houlihan Lokey during the fourth quarter valued at approximately $33,000. Wolff Wiese Magana LLC bought a new stake in shares of Houlihan Lokey in the 3rd quarter worth $38,000. Golden State Wealth Management LLC acquired a new stake in shares of Houlihan Lokey in the fourth quarter valued at $53,000. First Horizon Advisors Inc. boosted its stake 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 valued at $70,000 after buying an additional 198 shares in the last quarter. Finally, Quarry LP acquired a new position in Houlihan Lokey during the third quarter worth about $76,000. 78.07% of the stock is currently 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.

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