Keefe, Bruyette & Woods Issues Pessimistic Forecast for Houlihan Lokey (NYSE:HLI) Stock Price

Houlihan Lokey (NYSE:HLI) had its target price dropped by equities research analysts at Keefe, Bruyette & Woods from $172.00 to $170.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 2.60% from the stock’s current price.

Several other analysts have also issued reports on HLI. Morgan Stanley lowered 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 report on Monday, December 9th. Wells Fargo & Company lifted their price objective on Houlihan Lokey from $157.00 to $180.00 and gave the stock an “underweight” rating in a report on Thursday, December 12th. UBS Group increased their target price on Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, StockNews.com lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $173.80.

Houlihan Lokey Trading Down 1.5 %

HLI traded down $2.47 on Monday, reaching $165.70. The stock had a trading volume of 108,063 shares, compared to its average volume of 314,391. The business’s 50-day moving average price is $180.04 and its two-hundred day moving average price is $162.88. Houlihan Lokey has a 12-month low of $112.84 and a 12-month high of $192.10. The company has a market cap of $11.52 billion, a P/E ratio of 33.89 and a beta of 0.69.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.15. The company had revenue of $574.96 million during the quarter, compared to analysts’ expectations of $537.93 million. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. Houlihan Lokey’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.11 EPS. As a group, analysts predict that Houlihan Lokey will post 5.74 earnings per share for the current year.

Institutional Trading of Houlihan Lokey

Institutional investors have recently made changes to their positions in the company. Barclays PLC raised its holdings in shares of Houlihan Lokey by 21.4% in the 3rd quarter. Barclays PLC now owns 36,821 shares of the financial services provider’s stock valued at $5,818,000 after buying an additional 6,483 shares during the period. Bridges Investment Management Inc. purchased a new stake in Houlihan Lokey during the second quarter worth about $619,000. Natixis Advisors LLC lifted its position in shares of Houlihan Lokey by 2.5% during the third quarter. Natixis Advisors LLC now owns 399,388 shares of the financial services provider’s stock worth $63,111,000 after purchasing an additional 9,768 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Houlihan Lokey in the second quarter valued at approximately $687,000. Finally, State Street Corp grew its holdings in shares of Houlihan Lokey by 1.3% in the third quarter. State Street Corp now owns 1,615,467 shares of the financial services provider’s stock valued at $255,276,000 after purchasing an additional 21,106 shares in the last quarter. Hedge funds and other institutional investors own 78.07% of the company’s stock.

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.