Houlihan Lokey, Inc. (NYSE:HLI) Receives $207.14 Consensus Target Price from Brokerages

by · The Cerbat Gem

Shares of Houlihan Lokey, Inc. (NYSE:HLI – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $207.4286.

HLI has been the topic of several research analyst reports. Zacks Research cut shares of Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Morgan Stanley increased their price target on shares of Houlihan Lokey from $192.00 to $213.00 and gave the stock an “overweight” rating in a report on Monday, September 8th. UBS Group started coverage on shares of Houlihan Lokey in a research report on Thursday, December 11th. They set a “neutral” rating and a $193.00 price objective on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Houlihan Lokey in a research report on Monday. Finally, Keefe, Bruyette & Woods reduced their target price on Houlihan Lokey from $230.00 to $228.00 and set an “outperform” rating on the stock in a research note on Wednesday.

View Our Latest Stock Analysis on Houlihan Lokey

Institutional Trading of Houlihan Lokey

Several hedge funds have recently added to or reduced their stakes in HLI. Resources Management Corp CT ADV boosted its holdings in shares of Houlihan Lokey by 0.9% in the 2nd quarter. Resources Management Corp CT ADV now owns 5,845 shares of the financial services provider’s stock worth $1,052,000 after purchasing an additional 55 shares during the period. Sowell Financial Services LLC lifted its position in Houlihan Lokey by 1.2% in the third quarter. Sowell Financial Services LLC now owns 4,571 shares of the financial services provider’s stock worth $939,000 after buying an additional 55 shares during the last quarter. Westside Investment Management Inc. boosted its stake in Houlihan Lokey by 64.4% during the third quarter. Westside Investment Management Inc. now owns 148 shares of the financial services provider’s stock worth $30,000 after buying an additional 58 shares during the period. Legacy Wealth Asset Management LLC increased its position in Houlihan Lokey by 3.3% during the second quarter. Legacy Wealth Asset Management LLC now owns 1,916 shares of the financial services provider’s stock valued at $345,000 after acquiring an additional 61 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in Houlihan Lokey by 16.5% during the third quarter. Farther Finance Advisors LLC now owns 467 shares of the financial services provider’s stock valued at $96,000 after acquiring an additional 66 shares during the last quarter. 78.07% of the stock is owned by institutional investors.

Houlihan Lokey Stock Performance

NYSE:HLI opened at $174.88 on Friday. The firm has a market capitalization of $12.25 billion, a price-to-earnings ratio of 28.21 and a beta of 0.95. Houlihan Lokey has a 52-week low of $137.99 and a 52-week high of $211.78. The stock has a fifty day moving average of $182.92 and a 200 day moving average of $188.51.

Houlihan Lokey (NYSE:HLI – Get Free Report) last announced its earnings results on Thursday, October 30th. The financial services provider reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.15. Houlihan Lokey had a return on equity of 24.17% and a net margin of 16.62%.The business had revenue of $659.45 million for the quarter, compared to analyst estimates of $639.08 million. During the same period in the prior year, the company earned $1.46 EPS. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. Equities analysts forecast that Houlihan Lokey will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, December 1st. Houlihan Lokey’s payout ratio is presently 38.71%.

Houlihan Lokey Company Profile

(Get Free Report)

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.

See Also