Another Recommendation On Wall Street for Houlihan Lokey (NYSE:HLI). This time with a $42.0 Share Target Price

September 17, 2017 - By Adrian Erickson

 Another Recommendation On Wall Street for Houlihan Lokey (NYSE:HLI). This time with a $42.0 Share Target Price

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

J.P. Morgan analyst started coverage with a “Buy” rating on Houlihan Lokey (NYSE:HLI) today and set a price target of $42.0. The firm’s shares opened today at 0.

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 stock has “Neutral” rating by Goldman Sachs on Tuesday, September 8. As per Tuesday, September 8, the company rating was initiated by JMP Securities. The rating was maintained by UBS on Wednesday, July 26 with “Buy”. As per Thursday, August 18, the company rating was downgraded by Sandler O’Neill. Keefe Bruyette & Woods initiated the stock with “Outperform” rating in Tuesday, September 8 report. Bank of America downgraded the stock to “Neutral” rating in Thursday, May 11 report. Bank of America initiated the stock with “Buy” rating in Tuesday, September 8 report. J.P. Morgan initiated it with “Buy” rating and $42.0 target in Tuesday, September 12 report. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Sunday, August 27 report. The stock has “Buy” rating by Sandler O’Neill on Tuesday, September 8.

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: Pehub.com which released: “Houlihan Lokey hires Heather Smith to lead structured equity” on May 10, 2017, also Reuters.com with their article: “MOVES-Houlihan Lokey names new managing director” published on August 15, 2017, Reuters.com published: “MOVES-Veteran banker Reinhard Koester joins Houlihan Lokey” on September 13, 2017. More interesting news about Houlihan Lokey Inc (NYSE:HLI) were released by: Reuters.com and their article: “BRIEF-Houlihan Lokey expands into intellectual property advisory services with …” published on January 18, 2017 as well as Globenewswire.com‘s news article titled: “HOULIHAN LOKEY ADDS MANAGING DIRECTOR TO ITS SYDNEY OFFICE” with publication date: August 14, 2017.

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