Houlihan Lokey, Inc. (HLI) Stock Rating Upgraded by Zacks Investment Research
Houlihan Lokey, Inc. (NYSE:HLI) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Thursday. The firm presently has a $45.00 target price on the financial services provider’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 12.81% from the company’s previous close.
According to Zacks, “Houlihan Lokey, Inc. is an investment bank which focuses on mergers and acquisitions, financings, financial restructurings and financial advisory services. The Company’s operating segments consist of Corporate Finance, encompassing M&A and capital markets advisory; Financial Restructuring both out-of-court and in formal bankruptcy or insolvency proceedings; Financial Advisory Services, including financial opinions and a variety of valuation services; and Strategic Consulting, which advises in the areas of strategy development, operations, and performance improvement. It operates primarily in the United States, Europe, Asia and Australia. Houlihan Lokey, Inc. is headquartered in LOS ANGELES, United States. “
Several other research firms have also weighed in on HLI. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Houlihan Lokey in a research report on Tuesday, October 3rd. UBS AG reissued a “buy” rating and issued a $42.00 price objective (up from $40.00) on shares of Houlihan Lokey in a research report on Wednesday, July 26th. BidaskClub lowered Houlihan Lokey from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. ValuEngine raised Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. Finally, J P Morgan Chase & Co assumed coverage on Houlihan Lokey in a research report on Tuesday, September 12th. They issued an “overweight” rating and a $42.00 price objective for the company. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $40.50.
Shares of Houlihan Lokey (NYSE HLI) traded up 1.19% during midday trading on Thursday, hitting $39.89. The company’s stock had a trading volume of 159,178 shares. The company has a 50-day moving average price of $37.58 and a 200 day moving average price of $35.49. The company has a market cap of $2.67 billion, a P/E ratio of 20.68 and a beta of 0.36. Houlihan Lokey has a 1-year low of $23.19 and a 1-year high of $40.63.
Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.06. Houlihan Lokey had a return on equity of 18.63% and a net margin of 14.10%. The firm had revenue of $217.00 million during the quarter, compared to analyst estimates of $203.21 million. During the same period last year, the company posted $0.35 EPS. The business’s quarterly revenue was up 19.9% on a year-over-year basis. On average, equities research analysts predict that Houlihan Lokey will post $2.02 EPS for the current year.
In related news, major shareholder Orix Hlhz Holding Llc sold 686,760 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $36.26, for a total value of $24,901,917.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 69.70% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new stake in Houlihan Lokey in the 2nd quarter valued at about $105,000. Tower Research Capital LLC TRC increased its position in Houlihan Lokey by 122.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,300 shares of the financial services provider’s stock valued at $150,000 after buying an additional 2,371 shares in the last quarter. Victory Capital Management Inc. increased its position in Houlihan Lokey by 9.1% in the 1st quarter. Victory Capital Management Inc. now owns 4,590 shares of the financial services provider’s stock valued at $158,000 after buying an additional 381 shares in the last quarter. Legal & General Group Plc increased its position in Houlihan Lokey by 37.8% in the 1st quarter. Legal & General Group Plc now owns 4,628 shares of the financial services provider’s stock valued at $159,000 after buying an additional 1,270 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in Houlihan Lokey in the 1st quarter valued at about $205,000. 32.17% of the stock is owned by institutional investors and hedge funds.
Houlihan Lokey Company Profile
Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), capital markets, financial restructuring, valuation, and strategic consulting. The Company operates through four segments: Corporate Finance, Financial Restructuring, Financial Advisory Services and Strategic Consulting.
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