The Goldman Sachs Group Issues Pessimistic Forecast for Houlihan Lokey (NYSE:HLI) Stock Price
by Danessa Lincoln · The Markets DailyHoulihan Lokey (NYSE:HLI – Get Free Report) had its price objective reduced by stock analysts at The Goldman Sachs Group from $210.00 to $184.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. The Goldman Sachs Group’s price target would suggest a potential upside of 28.48% from the stock’s previous close.
HLI has been the subject of several other reports. Morgan Stanley lowered their target price on shares of Houlihan Lokey from $216.00 to $215.00 and set an “overweight” rating for the company in a report on Tuesday, January 6th. Keefe, Bruyette & Woods reduced their price objective on Houlihan Lokey from $218.00 to $214.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. BMO Capital Markets lifted their price objective on Houlihan Lokey from $209.00 to $211.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. UBS Group dropped their target price on Houlihan Lokey from $196.00 to $163.00 and set a “neutral” rating on the stock in a report on Thursday, March 12th. Finally, Weiss Ratings downgraded Houlihan Lokey from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 9th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Houlihan Lokey currently has an average rating of “Moderate Buy” and an average price target of $200.86.
Get Our Latest Research Report on HLI
Houlihan Lokey Stock Down 0.3%
Shares of HLI stock traded down $0.40 during mid-day trading on Wednesday, reaching $143.22. 294,120 shares of the company’s stock traded hands, compared to its average volume of 593,641. The company’s 50-day moving average price is $159.85 and its 200-day moving average price is $177.03. The company has a market cap of $10.00 billion, a P/E ratio of 21.95 and a beta of 0.95. Houlihan Lokey has a 12 month low of $134.41 and a 12 month high of $211.78.
Houlihan Lokey (NYSE:HLI – Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.09. Houlihan Lokey had a net margin of 16.91% and a return on equity of 24.46%. During the same quarter in the previous year, the company posted $1.64 earnings per share. The business’s quarterly revenue was up 13.0% on a year-over-year basis. Equities analysts predict that Houlihan Lokey will post 5.98 earnings per share for the current year.
Insider Activity at Houlihan Lokey
In related news, General Counsel Christopher M. Crain sold 500 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $174.17, for a total value of $87,085.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert A. Schriesheim sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $170.86, for a total value of $854,300.00. Following the completion of the transaction, the director directly owned 27,982 shares in the company, valued at $4,781,004.52. This trade represents a 15.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 22.83% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of HLI. Royal Bank of Canada boosted its position in shares of Houlihan Lokey by 362.1% during the fourth quarter. Royal Bank of Canada now owns 1,703,369 shares of the financial services provider’s stock valued at $296,706,000 after buying an additional 1,334,769 shares during the last quarter. Bank of Montreal Can lifted its stake in Houlihan Lokey by 2,723.2% during the 4th quarter. Bank of Montreal Can now owns 1,199,459 shares of the financial services provider’s stock valued at $208,934,000 after acquiring an additional 1,156,973 shares during the period. Mayflower Financial Advisors LLC bought a new position in Houlihan Lokey during the 3rd quarter valued at about $230,335,000. Norges Bank purchased a new stake in shares of Houlihan Lokey during the 2nd quarter valued at about $126,723,000. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Houlihan Lokey by 75.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 713,494 shares of the financial services provider’s stock valued at $146,495,000 after acquiring an additional 307,214 shares during the last quarter. 78.07% of the stock is owned by institutional investors.
Houlihan Lokey Company Profile
Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.
The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.