Wells Fargo & Company Has Lowered Expectations for Houlihan Lokey (NYSE:HLI) Stock Price

Houlihan Lokey (NYSE:HLI) had its price objective dropped by equities researchers at Wells Fargo & Company from $180.00 to $178.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “underweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 1.66% from the company’s previous close.

HLI has been the subject of several other research reports. StockNews.com lowered shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Morgan Stanley lowered Houlihan Lokey from an “equal weight” rating to an “underweight” rating and upped their target price for the stock from $171.00 to $200.00 in a report on Monday, December 9th. UBS Group lifted their price target on Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods decreased their price objective on Houlihan Lokey from $172.00 to $170.00 and set a “market perform” rating for the company in a research note on Monday. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $173.40.

Houlihan Lokey Stock Up 4.1 %

Shares of NYSE:HLI opened at $175.09 on Tuesday. The business’s 50 day moving average is $179.86 and its 200 day moving average is $163.33. The stock has a market cap of $12.17 billion, a P/E ratio of 35.81 and a beta of 0.69. Houlihan Lokey has a 52-week low of $112.84 and a 52-week high of $192.10.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.15. The business had revenue of $574.96 million for the quarter, compared to the consensus estimate of $537.93 million. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. The business’s revenue was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.11 EPS. On average, sell-side analysts anticipate that Houlihan Lokey will post 5.74 EPS for the current fiscal year.

Institutional Trading of Houlihan Lokey

Institutional investors have recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC purchased a new stake in Houlihan Lokey in the second quarter valued at about $38,000. Wolff Wiese Magana LLC acquired a new position in shares of Houlihan Lokey during the third quarter valued at about $38,000. First Horizon Advisors Inc. raised its position in shares of Houlihan Lokey by 81.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 198 shares during the last quarter. Quarry LP acquired a new stake in Houlihan Lokey in the 3rd quarter worth approximately $76,000. Finally, Benjamin F. Edwards & Company Inc. grew its position in Houlihan Lokey by 69.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 678 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 277 shares during the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Houlihan Lokey Company Profile

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.