Morgan Stanley Issues Positive Forecast for Houlihan Lokey (NYSE:HLI) Stock Price

Houlihan Lokey (NYSE:HLI) had its price target boosted by stock analysts at Morgan Stanley from $200.00 to $201.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “underweight” rating on the financial services provider’s stock. Morgan Stanley’s target price would indicate a potential upside of 11.75% from the stock’s current price.

A number of other equities analysts have also weighed in on HLI. 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 research report on Wednesday. UBS Group boosted their target price on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday. StockNews.com raised Houlihan Lokey from a “hold” rating to a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. lowered their price objective on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Wells Fargo & Company raised their price objective on Houlihan Lokey from $178.00 to $180.00 and gave the stock an “underweight” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $194.40.

Houlihan Lokey Stock Down 2.3 %

Shares of Houlihan Lokey stock traded down $4.20 during mid-day trading on Wednesday, reaching $179.87. 233,349 shares of the stock traded hands, compared to its average volume of 415,292. The stock has a market capitalization of $12.50 billion, a PE ratio of 36.85 and a beta of 0.69. The business has a 50-day moving average of $179.23 and a 200 day moving average of $166.59. 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 data 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%. On average, equities research analysts expect that Houlihan Lokey will post 5.74 EPS for the current fiscal year.

Institutional Trading of Houlihan Lokey

Several hedge funds have recently added to or reduced their stakes in the company. Fiera Capital Corp raised its holdings in shares of 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 purchasing an additional 246,705 shares in 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 worth $53,366,000 after buying an additional 237,615 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in Houlihan Lokey in the third quarter valued at approximately $24,177,000. Charles Schwab Investment Management Inc. raised its stake in Houlihan Lokey by 33.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider’s stock worth $94,974,000 after acquiring an additional 149,114 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its holdings in shares of Houlihan Lokey by 23.6% in the 3rd 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 last quarter. 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.