Houlihan Lokey (NYSE:HLI) Covered By Yet Another Research Firm

September 17, 2017 - By Henry Gaston

 Houlihan Lokey (NYSE:HLI) Covered By Yet Another Research Firm

Why Has J.P. Morgan Given Houlihan Lokey (NYSE:HLI) a $42.0 Price Target

New York: Houlihan Lokey (NYSE:HLI) coverage was initiated with a key ‘Buy’ rating as well as a $42.0 target price per share at J.P. Morgan. The price target by J.P. Morgan gives upside of 15.48 % from the last close price.

Houlihan Lokey Inc (NYSE:HLI) Ratings Coverage

Among 8 analysts covering Houlihan Lokey (NYSE:HLI), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Houlihan Lokey has $42 highest and $25.0 lowest target. $36.17’s average target is -0.55% below currents $36.37 stock price. Houlihan Lokey had 14 analyst reports since September 8, 2015 according to SRatingsIntel. As per Tuesday, September 8, the company rating was initiated by Bank of America. The rating was initiated by Goldman Sachs with “Neutral” on Tuesday, September 8. The company was initiated on Tuesday, September 8 by JMP Securities. J.P. Morgan initiated the shares of HLI in report on Tuesday, September 12 with “Buy” rating. The stock of Houlihan Lokey Inc (NYSE:HLI) earned “Buy” rating by Keefe Bruyette & Woods on Monday, June 12. The company was initiated on Tuesday, September 8 by Keefe Bruyette & Woods. The stock has “Hold” rating by Sandler O’Neill on Thursday, August 18. As per Wednesday, July 26, the company rating was maintained by UBS. Keefe Bruyette & Woods maintained Houlihan Lokey Inc (NYSE:HLI) rating on Sunday, August 27. Keefe Bruyette & Woods has “Buy” rating and $40.0 target. Bank of America downgraded Houlihan Lokey Inc (NYSE:HLI) on Thursday, May 11 to “Neutral” rating.

The stock decreased 0.30% or $0.11 on September 15, reaching $36.37. About 680,411 shares traded or 173.19% up from the average. Houlihan Lokey Inc (NYSE:HLI) has risen 49.19% since September 17, 2016 and is uptrending. It has outperformed by 32.49% the S&P500.

Wall Street await Houlihan Lokey Inc (NYSE:HLI) to release earnings on November, 7. Analysts forecast EPS of $0.38, up exactly $0.01 or 2.70 % from 2014’s $0.37 EPS. The expected HLI’s profit could reach $25.39 million giving the stock 23.93 P/E in the case that $0.38 earnings per share is reported. After posting $0.50 EPS for the previous quarter, Houlihan Lokey Inc’s analysts now forecast -24.00 % negative EPS growth.

Houlihan Lokey, Inc. is a global independent investment bank that focuses on mergers and acquisitions , capital markets, financial restructuring, valuation, and strategic consulting. The company has market cap of $2.43 billion. The Firm operates through four divisions: Corporate Finance, Financial Restructuring, Financial Advisory Services and Strategic Consulting. It has a 18.88 P/E ratio. The Firm provides financial professionals with an integrated platform that enables them to deliver advice to its clients.

More notable recent Houlihan Lokey Inc (NYSE:HLI) news were published by: Globenewswire.com which released: “HOULIHAN LOKEY ANNOUNCES SENIOR HIRE IN ITS FINANCIAL INSTITUTIONS GROUP” on September 13, 2017, also Reuters.com with their article: “BRIEF-Houlihan Lokey expands into intellectual property advisory services with …” published on January 18, 2017, Reuters.com published: “MOVES-Houlihan Lokey names new director of strategic consulting group” on June 28, 2017. More interesting news about Houlihan Lokey Inc (NYSE:HLI) were released by: Pehub.com and their article: “Houlihan Lokey hires Heather Smith to lead structured equity” published on May 10, 2017 as well as Reuters.com‘s news article titled: “MOVES-Veteran banker Reinhard Koester joins Houlihan Lokey” with publication date: September 13, 2017.

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