New Buy Rating Was Given to Houlihan Lokey (NYSE:HLI)

September 17, 2017 - By Marguerite Chambers

 New Buy Rating Was Given to Houlihan Lokey (NYSE:HLI)

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

In a research note revealed to clients today, J.P. Morgan analysts has started Houlihan Lokey (NYSE:HLI) coverage with Buy rating, and a $42.0 price target.

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. The firm has “Buy” rating by Keefe Bruyette & Woods given on Monday, June 12. The firm has “Buy” rating given on Tuesday, September 8 by Bank of America. The company was initiated on Tuesday, September 8 by Keefe Bruyette & Woods. The firm earned “Hold” rating on Thursday, August 18 by Sandler O’Neill. The rating was maintained by UBS with “Buy” on Wednesday, July 26. JMP Securities initiated the stock with “Mkt Outperform” rating in Tuesday, September 8 report. The rating was initiated by J.P. Morgan with “Buy” on Tuesday, September 12. The firm has “Neutral” rating by Bank of America given on Thursday, May 11. Keefe Bruyette & Woods maintained it with “Buy” rating and $40.0 target in Sunday, August 27 report. Sandler O’Neill initiated it with “Buy” rating and $25.0 target in Tuesday, September 8 report.

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.

Analysts expect Houlihan Lokey Inc (NYSE:HLI) to report $0.38 EPS on November, 7.They anticipate $0.01 EPS change or 2.70 % from last quarter’s $0.37 EPS. HLI’s profit would be $25.39M giving it 23.93 P/E if the $0.38 EPS is correct. After having $0.50 EPS previously, Houlihan Lokey Inc’s analysts see -24.00 % 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: “MOVES-Veteran banker Reinhard Koester joins Houlihan Lokey” published on September 13, 2017, Pehub.com published: “Houlihan Lokey hires Heather Smith to lead structured equity” on May 10, 2017. More interesting news about Houlihan Lokey Inc (NYSE:HLI) were released by: Reuters.com and their article: “MOVES-Houlihan Lokey names new director of strategic consulting group” published on June 28, 2017 as well as Reuters.com‘s news article titled: “MOVES-Houlihan Lokey names new managing director” with publication date: August 15, 2017.

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