Analysts at J P Morgan Chase & Co initiated coverage on shares of Houlihan Lokey, Inc. (NYSE:HLI) in a research note issued on Tuesday. The brokerage set an “overweight” rating and a $42.00 price target on the financial services provider’s stock. J P Morgan Chase & Co’s price target points to a potential upside of 16.34% from the company’s previous close.

A number of other brokerages also recently commented on HLI. UBS AG restated a “buy” rating and set a $42.00 target price (up previously from $40.00) on shares of Houlihan Lokey in a report on Wednesday, July 26th. Keefe, Bruyette & Woods restated a “buy” rating and set a $40.00 target price on shares of Houlihan Lokey in a report on Thursday, July 27th. Zacks Investment Research downgraded Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Friday, July 28th. BidaskClub downgraded Houlihan Lokey from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, TheStreet upgraded Houlihan Lokey from a “c” rating to a “b-” rating in a report on Monday, August 14th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $39.83.

Shares of Houlihan Lokey (HLI) opened at 36.10 on Tuesday. Houlihan Lokey has a 12 month low of $23.19 and a 12 month high of $39.68. The firm has a market cap of $2.42 billion, a P/E ratio of 18.71 and a beta of 0.34. The stock’s 50 day moving average is $36.15 and its 200 day moving average is $34.46.

Houlihan Lokey (NYSE:HLI) last announced its earnings results on Tuesday, July 25th. The financial services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The company had revenue of $217 million during the quarter, compared to the consensus estimate of $203.21 million. Houlihan Lokey had a return on equity of 18.63% and a net margin of 14.10%. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 earnings per share. Equities research analysts expect that Houlihan Lokey will post $2.05 EPS for the current year.

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Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC bought a new position in Houlihan Lokey in the second quarter worth $105,000. Tower Research Capital LLC TRC raised its holdings in Houlihan Lokey by 122.9% in the second quarter. Tower Research Capital LLC TRC now owns 4,300 shares of the financial services provider’s stock worth $150,000 after purchasing an additional 2,371 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Houlihan Lokey by 9.1% in the first quarter. Victory Capital Management Inc. now owns 4,590 shares of the financial services provider’s stock worth $158,000 after purchasing an additional 381 shares in the last quarter. Legal & General Group Plc raised its holdings in Houlihan Lokey by 37.8% in the first quarter. Legal & General Group Plc now owns 4,628 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 1,270 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new position in Houlihan Lokey in the first quarter worth $182,000. Institutional investors and hedge funds own 32.18% of the company’s stock.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), capital markets, financial restructuring, valuation, and strategic consulting. The Company operates through four segments: Corporate Finance, Financial Restructuring, Financial Advisory Services and Strategic Consulting.

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