Wells Fargo & Company Issues Positive Forecast for Houlihan Lokey (NYSE:HLI) Stock Price

Houlihan Lokey (NYSE:HLI) had its price target raised by equities researchers at Wells Fargo & Company from $178.00 to $180.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “underweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price objective suggests a potential downside of 0.07% from the company’s previous close.

A number of other research firms have also commented on HLI. UBS Group boosted their price objective on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday. Keefe, Bruyette & Woods decreased their price objective on shares of Houlihan Lokey from $172.00 to $170.00 and set a “market perform” rating on the stock in a report on Monday, January 13th. Morgan Stanley downgraded shares of Houlihan Lokey from an “equal weight” rating to an “underweight” rating and boosted their target price for the stock from $171.00 to $200.00 in a research note on Monday, December 9th. StockNews.com raised shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $194.40.

Houlihan Lokey Stock Up 0.2 %

Shares of Houlihan Lokey stock opened at $180.13 on Wednesday. Houlihan Lokey has a 12-month low of $119.28 and a 12-month high of $192.10. The stock has a market capitalization of $12.52 billion, a P/E ratio of 36.84 and a beta of 0.69. The company has a 50-day simple moving average of $178.92 and a 200 day simple moving average of $166.78.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.13. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. On average, equities analysts anticipate that Houlihan Lokey will post 5.74 earnings per share for the current year.

Institutional Trading of Houlihan Lokey

A number of institutional investors have recently bought and sold shares of HLI. Vista Finance LLC bought a new position in shares of Houlihan Lokey in the 4th quarter worth $348,000. Rhumbline Advisers boosted its holdings in Houlihan Lokey by 1.6% during the fourth quarter. Rhumbline Advisers now owns 166,038 shares of the financial services provider’s stock worth $28,834,000 after buying an additional 2,559 shares during the last quarter. New York State Teachers Retirement System grew its position in shares of Houlihan Lokey by 2.8% during the 4th quarter. New York State Teachers Retirement System now owns 17,726 shares of the financial services provider’s stock worth $3,078,000 after buying an additional 488 shares during the period. Van ECK Associates Corp increased its stake in shares of Houlihan Lokey by 43.2% in the 4th quarter. Van ECK Associates Corp now owns 46,857 shares of the financial services provider’s stock valued at $8,137,000 after acquiring an additional 14,141 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of Houlihan Lokey by 1.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 14,900 shares of the financial services provider’s stock valued at $2,588,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 78.07% of the company’s stock.

About Houlihan Lokey

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.