The stock of Houlihan Lokey Inc (NYSE:HLI) hit a new 52-week high and has $30.52 target or 8.00% above today’s $28.26 share price. The 5 months bullish chart indicates low risk for the $1.89 billion company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $30.52 price target is reached, the company will be worth $151.20 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.93% or $0.26 during the last trading session, hitting $28.26. About 42,175 shares traded hands. Houlihan Lokey Inc (NYSE:HLI) has risen 10.89% since April 22, 2016 and is uptrending. It has outperformed by 5.48% the S&P500.
Analysts await Houlihan Lokey Inc (NYSE:HLI) to report earnings on February, 13. They expect $0.51 EPS, up 8.51% or $0.04 from last year’s $0.47 per share. HLI’s profit will be $34.11 million for 13.85 P/E if the $0.51 EPS becomes a reality. After $0.37 actual EPS reported by Houlihan Lokey Inc for the previous quarter, Wall Street now forecasts 37.84% EPS growth.
Houlihan Lokey Inc (NYSE:HLI) Ratings Coverage
Out of 5 analysts covering Houlihan Lokey (NYSE:HLI), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Houlihan Lokey has been the topic of 8 analyst reports since September 8, 2015 according to StockzIntelligence Inc. As per Tuesday, September 8, the company rating was initiated by Bank of America. The firm earned “Buy” rating on Tuesday, September 8 by Sandler O’Neill. The stock of Houlihan Lokey Inc (NYSE:HLI) earned “Outperform” rating by Keefe Bruyette & Woods on Tuesday, September 8. The stock of Houlihan Lokey Inc (NYSE:HLI) earned “Hold” rating by Sandler O’Neill on Thursday, August 18. Goldman Sachs initiated Houlihan Lokey Inc (NYSE:HLI) on Tuesday, September 8 with “Neutral” rating. The rating was initiated by JMP Securities with “Mkt Outperform” on Tuesday, September 8.
According to Zacks Investment Research, “Houlihan Lokey, Inc. is an investment bank which focuses on mergers and acquisitions, financings, financial restructurings and financial advisory services. The Company’s operating segment consists of Corporate Finance, encompassing M&A and capital markets advisory; Financial Restructuring both out-of-court and in formal bankruptcy or insolvency proceedings and Financial Advisory Services, including financial opinions and a variety of valuation and financial consulting services. It operates primarily in the United States, Europe, Asia and Australia. Houlihan Lokey, Inc. is based in LOS ANGELES, United States.”
More notable recent Houlihan Lokey Inc (NYSE:HLI) news were published by: Latimes.com which released: “Investment bank Houlihan Lokey goes public to boost its profile” on August 13, 2015, also Bloomberg.com with their article: “Houlihan Lokey Adds DeAngelo, Rothschild’s Simpson for Deals” published on July 12, 2016, Bloomberg.com published: “Houlihan Lokey Restructuring Banker to Join Peter J. Solomon” on June 06, 2016. More interesting news about Houlihan Lokey Inc (NYSE:HLI) were released by: Bloomberg.com and their article: “Gregg Feinstein, Houlihan Lokey’s M&A Chief, Dies at 54” published on February 08, 2016 as well as Bloomberg.com‘s news article titled: “Houlihan Lokey Sees ‘Growing Pockets of Distress’ in Debt Market” with publication date: February 08, 2016.
HLI Company Profile
Houlihan Lokey, Inc., incorporated on June 1, 2015, is a global independent investment bank that focuses on mergers and acquisitions (M&A), financings, financial restructurings and financial advisory services. The Company, through its offices in the United States, Europe, Asia and Australia, serves a set of clients across the world, including firms, financial sponsors and government agencies. The Firm provides financial professionals with an integrated platform that enables them to deliver advice to its clients. The Firm operates through three divisions: Corporate Finance, Financial Restructuring and Financial Advisory Services. The Company’s primary subsidiaries include Houlihan Lokey Capital, Inc. (HL Capital, Inc.), Houlihan Lokey Financial Advisors, Inc. (HLFA, Inc.) and Houlihan Lokey EMEA, LLP.
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