In a report released yesterday, Devin Ryan from JMP Securities maintained a Hold rating on Houlihan Lokey (HLI – Research Report). The company’s shares closed yesterday at $83.33.
According to TipRanks, Ryan is a 5-star analyst with an average return of 12.0% and a 56.81% success rate. Ryan covers the Financial sector, focusing on stocks such as LPL Financial, Raymond James Financial, and Stifel Financial.
Houlihan Lokey has an analyst consensus of Hold, with a price target consensus of $86.75, which is a 4.10% upside from current levels. In a report released on October 26, J.P. Morgan also maintained a Hold rating on the stock with a $93.00 price target.
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Based on Houlihan Lokey’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $418.64 million and a net profit of $70.78 million. In comparison, last year the company earned a revenue of $372.72 million and had a net profit of $85.96 million
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Houlihan Lokey, Inc. engages in the provision of investment banking services. It operates through the following segments: Corporate Finance, Financial Restructuring, and Financial Advisory Services. The Corporate Finance segment handles the mergers and acquisitions; and capital markets advisory services. The Financial Restructuring segment manages the advisory services for large and complex restructurings. The Financial Advisory Services segment provides financial opinion and financial and strategic consulting services. The company was founded in 1972 and is headquartered in Los Angeles, CA.