Houlihan Lokey (NYSE:HLI) Price Target Raised to $180.00

Houlihan Lokey (NYSE:HLI - Get Free Report) had its price objective hoisted by equities research analysts at Wells Fargo & Company from $178.00 to $180.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an "underweight" rating on the financial services provider's stock. Wells Fargo & Company's price target indicates a potential downside of 0.07% from the company's current price.

A number of other brokerages have also recently weighed in on HLI. UBS Group upped their price target on Houlihan Lokey from $229.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday. StockNews.com upgraded shares of Houlihan Lokey from a "hold" rating to a "buy" rating in a research report on Tuesday. JPMorgan Chase & Co. cut their price target on shares of Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating for the company in a report on Wednesday. Keefe, Bruyette & Woods decreased their price objective on shares of Houlihan Lokey from $172.00 to $170.00 and set a "market perform" rating on the stock in a research note on Monday, January 13th. Finally, Morgan Stanley cut shares of Houlihan Lokey from an "equal weight" rating to an "underweight" rating and lifted their target price for the company from $171.00 to $200.00 in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Houlihan Lokey currently has an average rating of "Hold" and an average target price of $194.40.

Houlihan Lokey Stock Up 0.2 %

Houlihan Lokey stock traded up $0.33 on Wednesday, hitting $180.13. The company's stock had a trading volume of 613,351 shares, compared to its average volume of 448,729. The company has a fifty day moving average price of $178.92 and a 200-day moving average price of $166.78. The firm has a market cap of $12.52 billion, a P/E ratio of 36.84 and a beta of 0.69. Houlihan Lokey has a one year low of $119.28 and a one year high of $192.10.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping 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%. Analysts anticipate that Houlihan Lokey will post 5.74 EPS for the current year.

Institutional Trading of Houlihan Lokey

A number of institutional investors have recently modified their holdings of HLI. Fiera Capital Corp increased its stake in Houlihan Lokey by 666.8% in the 3rd quarter. Fiera Capital Corp now owns 283,702 shares of the financial services provider's stock valued at $44,831,000 after buying an additional 246,705 shares during the last quarter. Jennison Associates LLC lifted its holdings in Houlihan Lokey by 341.0% during the 4th quarter. Jennison Associates LLC now owns 307,304 shares of the financial services provider's stock valued at $53,366,000 after purchasing an additional 237,615 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in Houlihan Lokey during the third quarter worth $24,177,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Houlihan Lokey by 33.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider's stock valued at $94,974,000 after purchasing an additional 149,114 shares during the last quarter. Finally, Eagle Asset Management Inc. raised its position in shares of Houlihan Lokey by 23.6% in the third quarter. Eagle Asset Management Inc. now owns 693,109 shares of the financial services provider's stock valued at $109,525,000 after purchasing an additional 132,516 shares during the period. 78.07% of the stock is currently owned by institutional investors.

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.