Stock On Watch: Can Houlihan Lokey Inc’s Tomorrow be Different? The Stock Just Broke Its High

Stock On Watch: Can Houlihan Lokey Inc's Tomorrow be Different? The Stock Just Broke Its High

The stock of Houlihan Lokey Inc (NYSE:HLI) hit a new 52-week high and has $32.38 target or 21.00% above today’s $26.76 share price. The 7 months bullish chart indicates low risk for the $1.85 billion company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $32.38 price target is reached, the company will be worth $388.50 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. About 118,010 shares traded hands or 31.68% up from the average. Houlihan Lokey Inc (NYSE:HLI) has risen 4.06% since April 15, 2016 and is uptrending. It has underperformed by 0.56% the S&P500.

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. The stock of Houlihan Lokey Inc (NYSE:HLI) has “Outperform” rating given on Tuesday, September 8 by Keefe Bruyette & Woods. The firm has “Buy” rating given on Tuesday, September 8 by Sandler O’Neill. The firm has “Hold” rating by Sandler O’Neill given on Thursday, August 18. Bank of America initiated the stock with “Buy” rating in Tuesday, September 8 report. The firm has “Neutral” rating by Goldman Sachs given on Tuesday, September 8. The company was initiated on Tuesday, September 8 by JMP Securities.

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: Bloomberg.com which released: “Gregg Feinstein, Houlihan Lokey’s M&A Chief, Dies at 54” on February 08, 2016, also Latimes.com with their article: “Investment bank Houlihan Lokey goes public to boost its profile” published on August 13, 2015, Wsj.com published: “Houlihan Lokey Lays Groundwork for IPO” on March 25, 2015. More interesting news about Houlihan Lokey Inc (NYSE:HLI) were released by: Wsj.com and their article: “Investment Bank Houlihan Lokey Has Filed Confidentially For IPO” published on June 16, 2015 as well as Bloomberg.com‘s news article titled: “Houlihan Lokey Adds DeAngelo, Rothschild’s Simpson for Deals” with publication date: July 12, 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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