Houlihan Lokey (NYSE:HLI) Price Target Raised to $211.00 at BMO Capital Markets

Houlihan Lokey (NYSE:HLI) had its price target boosted by equities researchers at BMO Capital Markets from $209.00 to $211.00 in a report released on Thursday, MarketBeat.com reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. BMO Capital Markets’ target price would suggest a potential upside of 16.99% from the company’s current price.

HLI has been the topic of a number of other research reports. Morgan Stanley cut their price target on shares of Houlihan Lokey from $216.00 to $215.00 and set an “overweight” rating on the stock in a report on Tuesday, January 6th. Keefe, Bruyette & Woods lowered their price target on Houlihan Lokey from $228.00 to $218.00 and set an “outperform” rating on the stock in a report on Thursday, January 8th. UBS Group assumed coverage on Houlihan Lokey in a research report on Thursday, December 11th. They set a “neutral” rating and a $193.00 price objective for the company. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Houlihan Lokey in a report on Thursday, October 9th. They set a “hold” rating and a $210.00 price target for the company. Finally, Weiss Ratings cut shares of Houlihan Lokey from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $208.67.

Houlihan Lokey Stock Up 0.4%

Shares of NYSE HLI opened at $180.36 on Thursday. The stock’s fifty day simple moving average is $179.59 and its 200 day simple moving average is $189.10. The stock has a market capitalization of $12.64 billion, a price-to-earnings ratio of 29.09 and a beta of 0.95. Houlihan Lokey has a 52-week low of $137.99 and a 52-week high of $211.78.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Wednesday, January 28th. The financial services provider reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.09. The business had revenue of $717.07 million during the quarter, compared to analyst estimates of $696.72 million. Houlihan Lokey had a return on equity of 24.17% and a net margin of 16.62%.Houlihan Lokey’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the company posted $1.64 EPS. As a group, analysts anticipate that Houlihan Lokey will post 5.98 earnings per share for the current year.

Insider Buying and Selling at Houlihan Lokey

In other news, General Counsel Christopher M. Crain sold 500 shares of the company’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $174.17, for a total transaction of $87,085.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 22.83% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Houlihan Lokey

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Westside Investment Management Inc. lifted its stake in shares of Houlihan Lokey by 64.4% in the third quarter. Westside Investment Management Inc. now owns 148 shares of the financial services provider’s stock worth $30,000 after buying an additional 58 shares during the last quarter. Root Financial Partners LLC acquired a new stake in Houlihan Lokey in the 3rd quarter valued at approximately $31,000. Flagship Harbor Advisors LLC acquired a new position in shares of Houlihan Lokey during the fourth quarter worth approximately $26,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Houlihan Lokey in the second quarter worth $34,000. Finally, Cornerstone Planning Group LLC raised its stake in Houlihan Lokey by 179.2% during the 3rd quarter. Cornerstone Planning Group LLC now owns 201 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 129 shares during the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

About Houlihan Lokey

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.