Morgan Stanley Reaffirms “Overweight” Rating for Houlihan Lokey (NYSE:HLI)

Houlihan Lokey (NYSE:HLIGet Free Report)‘s stock had its “overweight” rating reaffirmed by equities researchers at Morgan Stanley in a research note issued to investors on Monday, Marketbeat Ratings reports. They presently have a $192.00 price target on the financial services provider’s stock, up from their previous price target of $159.00. Morgan Stanley’s target price indicates a potential upside of 6.00% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Wall Street Zen raised shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a report on Thursday, May 22nd. Keefe, Bruyette & Woods increased their price target on Houlihan Lokey from $183.00 to $185.00 and gave the stock a “market perform” rating in a research report on Monday, May 12th. Finally, Wells Fargo & Company lifted their price objective on Houlihan Lokey from $170.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Houlihan Lokey has a consensus rating of “Moderate Buy” and a consensus target price of $192.20.

Get Our Latest Stock Analysis on Houlihan Lokey

Houlihan Lokey Price Performance

NYSE:HLI opened at $181.14 on Monday. Houlihan Lokey has a 1-year low of $130.28 and a 1-year high of $192.10. The firm has a market cap of $12.64 billion, a PE ratio of 31.12 and a beta of 0.83. The firm has a 50 day simple moving average of $170.71 and a 200-day simple moving average of $170.14.

Houlihan Lokey (NYSE:HLIGet Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.35. Houlihan Lokey had a return on equity of 21.61% and a net margin of 16.73%. The company had revenue of $666.42 million during the quarter, compared to analysts’ expectations of $628.25 million. During the same quarter in the previous year, the company posted $1.27 earnings per share. The business’s revenue was up 28.0% on a year-over-year basis. As a group, sell-side analysts expect that Houlihan Lokey will post 5.98 earnings per share for the current fiscal year.

Insider Buying and Selling at Houlihan Lokey

In other news, Chairman Scott L. Beiser sold 8,008 shares of the firm’s stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $178.71, for a total value of $1,431,109.68. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Christopher M. Crain sold 500 shares of the company’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $173.02, for a total transaction of $86,510.00. The disclosure for this sale can be found here. Company insiders own 23.68% of the company’s stock.

Institutional Trading of Houlihan Lokey

Hedge funds and other institutional investors have recently made changes to their positions in the company. Voya Investment Management LLC boosted its position in Houlihan Lokey by 4.2% during the 1st quarter. Voya Investment Management LLC now owns 9,815 shares of the financial services provider’s stock worth $1,585,000 after buying an additional 395 shares during the period. First Hawaiian Bank bought a new position in shares of Houlihan Lokey during the first quarter valued at $1,494,000. Strs Ohio bought a new position in shares of Houlihan Lokey during the first quarter valued at $9,549,000. Geneos Wealth Management Inc. lifted its holdings in shares of Houlihan Lokey by 15.2% during the first quarter. Geneos Wealth Management Inc. now owns 20,486 shares of the financial services provider’s stock worth $3,309,000 after purchasing an additional 2,703 shares during the period. Finally, Bayforest Capital Ltd boosted its holdings in Houlihan Lokey by 141.9% in the first quarter. Bayforest Capital Ltd now owns 6,115 shares of the financial services provider’s stock valued at $988,000 after acquiring an additional 3,587 shares during the last quarter. 78.07% of the stock is currently owned by institutional investors.

Houlihan Lokey Company Profile

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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.

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Analyst Recommendations for Houlihan Lokey (NYSE:HLI)

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