JPMorgan Chase & Co. Has Lowered Expectations for Houlihan Lokey (NYSE:HLI) Stock Price

Houlihan Lokey (NYSE:HLI) had its target price dropped by stock analysts at JPMorgan Chase & Co. from $172.00 to $169.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 6.18% from the company’s current price.

HLI has been the topic of several other reports. StockNews.com upgraded shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Tuesday. UBS Group increased their price objective on Houlihan Lokey from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Wells Fargo & Company decreased their price objective on Houlihan Lokey from $180.00 to $178.00 and set an “underweight” rating for the company in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods dropped their target price on Houlihan Lokey from $172.00 to $170.00 and set a “market perform” rating on the stock in a report on Monday, January 13th. Finally, Morgan Stanley cut shares of Houlihan Lokey from an “equal weight” rating to an “underweight” rating and raised their price target for the stock from $171.00 to $200.00 in a report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Houlihan Lokey has a consensus rating of “Hold” and a consensus target price of $194.40.

Houlihan Lokey Stock Up 0.2 %

Shares of HLI stock opened at $180.13 on Wednesday. The stock has a 50-day simple moving average of $178.92 and a 200 day simple moving average of $166.78. The stock 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 fifty-two week low of $119.28 and a fifty-two week 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, 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%. On average, sell-side analysts anticipate that Houlihan Lokey will post 5.74 earnings per share for the current year.

Institutional Trading of Houlihan Lokey

A number of institutional investors and hedge funds have recently made changes to their positions in HLI. Financial Life Planners acquired a new stake in Houlihan Lokey in the 4th quarter worth approximately $33,000. Wolff Wiese Magana LLC bought a new position in shares of Houlihan Lokey in the third quarter valued at approximately $38,000. Golden State Wealth Management LLC acquired a new stake in shares of Houlihan Lokey in the fourth quarter worth $53,000. First Horizon Advisors Inc. boosted its holdings in shares of Houlihan Lokey by 81.5% during 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 acquired a new position in Houlihan Lokey in the 3rd quarter valued at $76,000. Institutional investors and hedge funds own 78.07% of the company’s stock.

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.