The Goldman Sachs Group Trims Houlihan Lokey (NYSE:HLI) Target Price to $111.00

Houlihan Lokey (NYSE:HLIGet Rating) had its price objective decreased by research analysts at The Goldman Sachs Group from $127.00 to $111.00 in a research note issued on Tuesday, Marketbeat reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. The Goldman Sachs Group’s target price would suggest a potential upside of 34.48% from the stock’s current price.

A number of other equities analysts have also recently issued reports on HLI. Morgan Stanley dropped their target price on Houlihan Lokey from $97.00 to $95.00 and set an “underweight” rating for the company in a report on Friday, March 25th. Citigroup upgraded Houlihan Lokey from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 4th. Zacks Investment Research lowered Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 23rd. Piper Sandler lowered Houlihan Lokey from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $92.00 to $76.00 in a research report on Thursday, April 7th. Finally, StockNews.com lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Friday, April 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $105.83.

Shares of HLI opened at $82.54 on Tuesday. Houlihan Lokey has a 1 year low of $65.03 and a 1 year high of $122.62. The stock has a 50 day simple moving average of $97.61 and a 200-day simple moving average of $103.42. The stock has a market cap of $5.56 billion, a PE ratio of 12.00 and a beta of 0.64.

Houlihan Lokey (NYSE:HLIGet Rating) last issued its earnings results on Tuesday, February 8th. The financial services provider reported $2.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.21 by $0.69. Houlihan Lokey had a return on equity of 34.96% and a net margin of 20.52%. The business had revenue of $888.80 million during the quarter, compared to analysts’ expectations of $664.27 million. During the same period in the prior year, the firm posted $1.77 EPS. Houlihan Lokey’s quarterly revenue was up 65.2% compared to the same quarter last year. As a group, analysts anticipate that Houlihan Lokey will post 7.09 earnings per share for the current fiscal year.

In other Houlihan Lokey news, Director Paul Andrew Zuber sold 2,000 shares of the stock in a transaction on Friday, February 25th. The stock was sold at an average price of $103.40, for a total value of $206,800.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 26.02% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Ancora Advisors LLC boosted its position in shares of Houlihan Lokey by 0.4% in the 3rd quarter. Ancora Advisors LLC now owns 272,936 shares of the financial services provider’s stock worth $25,137,000 after purchasing an additional 1,191 shares during the last quarter. Credit Suisse AG boosted its position in shares of Houlihan Lokey by 5.7% in the 3rd quarter. Credit Suisse AG now owns 49,566 shares of the financial services provider’s stock worth $4,566,000 after purchasing an additional 2,674 shares during the last quarter. Qube Research & Technologies Ltd boosted its position in shares of Houlihan Lokey by 805.3% in the 4th quarter. Qube Research & Technologies Ltd now owns 23,276 shares of the financial services provider’s stock worth $2,410,000 after purchasing an additional 20,705 shares during the last quarter. Spectrum Management Group LLC bought a new position in shares of Houlihan Lokey in the 3rd quarter worth $3,942,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Houlihan Lokey in the 4th quarter worth $7,313,000. Hedge funds and other institutional investors own 74.31% of the company’s stock.

Houlihan Lokey Company Profile (Get Rating)

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.

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