Houlihan Lokey Inc (NYSE:HLI) has received a consensus rating of “Buy” from the nine brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $47.50.
Several equities analysts have recently commented on the company. Bank of America upped their price target on Houlihan Lokey from $50.00 to $52.00 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $49.00 price target on shares of Houlihan Lokey in a research note on Friday, December 22nd. Zacks Investment Research raised Houlihan Lokey from a “hold” rating to a “strong-buy” rating and set a $52.00 price target on the stock in a research note on Monday, December 25th. Finally, UBS Group upped their price target on Houlihan Lokey from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th.
Houlihan Lokey (NYSE:HLI) opened at $45.08 on Tuesday. The firm has a market capitalization of $3,117.76, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 1.13 and a beta of 0.42. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.92 and a current ratio of 0.92. Houlihan Lokey has a 12 month low of $29.51 and a 12 month high of $52.81.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Friday, March 2nd will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Thursday, March 1st. Houlihan Lokey’s dividend payout ratio (DPR) is presently 31.62%.
Several institutional investors have recently made changes to their positions in the company. Legal & General Group Plc lifted its stake in shares of Houlihan Lokey by 12.3% in the 2nd quarter. Legal & General Group Plc now owns 5,198 shares of the financial services provider’s stock valued at $182,000 after purchasing an additional 570 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of 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 during the period. Advisor Group Inc. raised its holdings in shares of Houlihan Lokey by 2,125.0% in the 3rd quarter. Advisor Group Inc. now owns 2,848 shares of the financial services provider’s stock valued at $112,000 after buying an additional 2,720 shares during the period. American International Group Inc. raised its holdings in shares of Houlihan Lokey by 20.3% in the 3rd quarter. American International Group Inc. now owns 16,580 shares of the financial services provider’s stock valued at $649,000 after buying an additional 2,799 shares during the period. Finally, OxFORD Asset Management LLP raised its holdings in shares of Houlihan Lokey by 4.8% in the 3rd quarter. OxFORD Asset Management LLP now owns 98,705 shares of the financial services provider’s stock valued at $3,856,000 after buying an additional 4,534 shares during the period. 35.21% of the stock is currently owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION WARNING: “Houlihan Lokey Inc (HLI) Receives Average Recommendation of “Buy” from Analysts” was first posted by American Banking News and is the property of of American Banking News. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright & trademark law. The original version of this story can be accessed at https://www.americanbankingnews.com/2018/02/06/houlihan-lokey-inc-hli-receives-average-recommendation-of-buy-from-analysts-2.html.
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.
Receive News & Ratings for Houlihan Lokey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Houlihan Lokey and related companies with MarketBeat.com's FREE daily email newsletter.