Morgan Stanley Has Lowered Expectations for Houlihan Lokey (NYSE:HLI) Stock Price

Houlihan Lokey (NYSE:HLI) had its target price lowered by analysts at Morgan Stanley from $190.00 to $156.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s target price would indicate a potential upside of 10.50% from the company’s previous close.

Other equities analysts have also issued reports about the stock. JMP Securities restated a “market perform” rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. UBS Group raised their target price on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $192.00 price target (up from $170.00) on shares of Houlihan Lokey in a research report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price objective on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company upgraded Houlihan Lokey from an “underweight” rating to an “overweight” rating and dropped their target price for the company from $180.00 to $179.00 in a report on Tuesday, March 11th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $183.40.

Houlihan Lokey Price Performance

Shares of Houlihan Lokey stock opened at $141.18 on Monday. The stock has a market capitalization of $9.90 billion, a P/E ratio of 26.94 and a beta of 0.84. The business has a 50 day simple moving average of $167.07 and a two-hundred day simple moving average of $172.43. Houlihan Lokey has a 12 month low of $122.14 and a 12 month high of $192.10.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.51 by $0.13. Houlihan Lokey had a return on equity of 20.04% and a net margin of 16.00%. As a group, research analysts anticipate that Houlihan Lokey will post 5.98 EPS for the current fiscal year.

Institutional Investors Weigh In On Houlihan Lokey

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Private Trust Co. NA purchased a new position in shares of Houlihan Lokey during the 4th quarter worth $29,000. Financial Life Planners acquired a new position in Houlihan Lokey in the fourth quarter valued at about $33,000. Golden State Wealth Management LLC purchased a new position in Houlihan Lokey during the fourth quarter worth about $53,000. Versant Capital Management Inc boosted its stake in Houlihan Lokey by 744.2% during the first quarter. Versant Capital Management Inc now owns 363 shares of the financial services provider’s stock worth $59,000 after buying an additional 320 shares during the period. Finally, VisionPoint Advisory Group LLC acquired a new stake in shares of Houlihan Lokey during the fourth quarter valued at about $62,000. 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.