Houlihan Lokey (NYSE:HLI) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Houlihan Lokey (NYSE:HLI) had its price objective boosted by investment analysts at Wells Fargo & Company from $178.00 to $180.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “underweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target would indicate a potential downside of 0.07% from the company’s current price.

A number of other analysts have also recently weighed in on the company. Morgan Stanley cut Houlihan Lokey from an “equal weight” rating to an “underweight” rating and boosted their price target for the stock from $171.00 to $200.00 in a research report on Monday, December 9th. Keefe, Bruyette & Woods decreased their target price on Houlihan Lokey from $172.00 to $170.00 and set a “market perform” rating for the company in a research report on Monday, January 13th. StockNews.com raised shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. decreased their price objective on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, UBS Group lifted their target price on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday. Two 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $194.40.

Houlihan Lokey Stock Performance

Shares of NYSE HLI opened at $180.13 on Wednesday. The stock has a market cap of $12.52 billion, a price-to-earnings ratio of 36.84 and a beta of 0.69. The business has a 50 day simple moving average of $178.92 and a 200 day simple moving average of $166.78. Houlihan Lokey has a 52 week low of $119.28 and a 52 week high of $192.10.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 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, analysts predict that Houlihan Lokey will post 5.74 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Financial Life Planners bought a new position in Houlihan Lokey during the fourth quarter valued at about $33,000. Wolff Wiese Magana LLC acquired a new stake in shares of Houlihan Lokey during the 3rd quarter worth approximately $38,000. Golden State Wealth Management LLC bought a new stake in shares of Houlihan Lokey during the fourth quarter valued at approximately $53,000. First Horizon Advisors Inc. raised its stake in shares of Houlihan Lokey by 81.5% in the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 198 shares in the last quarter. Finally, Quarry LP bought a new position in Houlihan Lokey in the third quarter worth $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.