Houlihan Lokey (NYSE:HLI – Get Free Report) had its target price upped by research analysts at UBS Group from $229.00 to $230.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. UBS Group’s price objective would indicate a potential upside of 27.69% from the stock’s current price.
A number of other equities analysts also recently issued reports on the company. Wells Fargo & Company dropped their price target on Houlihan Lokey from $180.00 to $178.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods decreased their price target on shares of 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. Morgan Stanley lowered Houlihan Lokey from an “equal weight” rating to an “underweight” rating and upped their price objective for the stock from $171.00 to $200.00 in a research note on Monday, December 9th. JPMorgan Chase & Co. lowered their target price on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, StockNews.com upgraded Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Tuesday. Two equities 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 data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $194.40.
Get Our Latest Stock Analysis on Houlihan Lokey
Houlihan Lokey Price Performance
Houlihan Lokey (NYSE:HLI – Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, beating 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, sell-side analysts anticipate that Houlihan Lokey will post 5.74 earnings per share for the current year.
Hedge Funds Weigh In On Houlihan Lokey
A number of hedge funds have recently made changes to their positions in HLI. Bank of Montreal Can lifted its holdings in Houlihan Lokey by 5.1% in the 2nd quarter. Bank of Montreal Can now owns 24,178 shares of the financial services provider’s stock worth $3,285,000 after purchasing an additional 1,171 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Houlihan Lokey by 73.9% in the second quarter. AQR Capital Management LLC now owns 11,396 shares of the financial services provider’s stock worth $1,537,000 after buying an additional 4,844 shares in the last quarter. Algert Global LLC boosted its position in shares of Houlihan Lokey by 9.8% during the second quarter. Algert Global LLC now owns 14,599 shares of the financial services provider’s stock worth $1,969,000 after acquiring an additional 1,299 shares during the last quarter. Creative Planning grew its stake in Houlihan Lokey by 10.7% during the second quarter. Creative Planning now owns 3,614 shares of the financial services provider’s stock valued at $487,000 after acquiring an additional 350 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in Houlihan Lokey by 19.4% in the 2nd quarter. NewEdge Advisors LLC now owns 23,556 shares of the financial services provider’s stock valued at $3,177,000 after acquiring an additional 3,824 shares during the last quarter. Institutional investors 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.
See Also
- Five stocks we like better than Houlihan Lokey
- What Makes a Stock a Good Dividend Stock?
- How Growth Investors Find High-Growth Stocks and Maximize Returns
- Retail Stocks Investing, Explained
- Meta’s AI & Smart Glasses Could Drive 20%+ Upside in 2025
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- NVIDIA’s Slide Continues: Can Retail Investors Stop the Fall?
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.