Wells Fargo & Company Increases Houlihan Lokey (NYSE:HLI) Price Target to $180.00

Houlihan Lokey (NYSE:HLI) had its price target raised by stock analysts at Wells Fargo & Company from $178.00 to $180.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “underweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target indicates a potential downside of 0.35% from the company’s current price.

Several other equities analysts have also commented on the company. StockNews.com raised Houlihan Lokey from a “hold” rating to a “buy” rating in a report on Tuesday. Keefe, Bruyette & Woods cut their target price on Houlihan Lokey from $172.00 to $170.00 and set a “market perform” rating on the stock in a research report on Monday, January 13th. JPMorgan Chase & Co. lowered their price target on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a report on Wednesday. Morgan Stanley downgraded shares of Houlihan Lokey from an “equal weight” rating to an “underweight” rating and boosted their price objective for the stock from $171.00 to $200.00 in a research report on Monday, December 9th. Finally, UBS Group increased their target price on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Houlihan Lokey presently has an average rating of “Hold” and a consensus target price of $189.80.

Houlihan Lokey Stock Down 1.9 %

Shares of HLI stock traded down $3.44 during trading hours on Wednesday, hitting $180.63. 119,965 shares of the company’s stock were exchanged, compared to its average volume of 409,332. Houlihan Lokey has a fifty-two week low of $119.28 and a fifty-two week high of $192.10. The firm has a market cap of $12.55 billion, a P/E ratio of 36.94 and a beta of 0.69. The firm has a 50 day moving average of $179.23 and a two-hundred day moving average of $166.59.

Houlihan Lokey (NYSE:HLI) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 EPS for the quarter, beating analysts’ consensus estimates 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 forecast that Houlihan Lokey will post 5.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Financial Life Planners purchased a new stake in shares of Houlihan Lokey in the fourth quarter valued at about $33,000. Wolff Wiese Magana LLC acquired a new position in Houlihan Lokey during the third quarter worth about $38,000. Golden State Wealth Management LLC acquired a new stake in shares of Houlihan Lokey in the 4th quarter worth approximately $53,000. First Horizon Advisors Inc. increased its position in shares of Houlihan Lokey by 81.5% in the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock valued at $70,000 after buying an additional 198 shares in the last quarter. Finally, Quarry LP purchased a new position in Houlihan Lokey during the 3rd quarter valued at about $76,000. 78.07% of the stock is owned by hedge funds and other institutional investors.

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.