Stock On Watch: Is Houlihan Lokey Inc a Buy? The Stock Reaches Record High Today

Stock On Watch: Is Houlihan Lokey Inc a Buy? The Stock Reaches Record High Today

The stock of Houlihan Lokey Inc (NYSE:HLI) reached all time high today, Nov, 22 and still has $29.85 target or 6.00% above today’s $28.16 share price. This indicates more upside for the $1.92B company. This technical setup was reported by Barchart.com. If the $29.85 PT is reached, the company will be worth $115.20 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 54,527 shares traded hands. Houlihan Lokey Inc (NYSE:HLI) has risen 7.59% since April 20, 2016 and is uptrending. It has outperformed by 3.03% 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) earned “Hold” rating by Sandler O’Neill on Thursday, August 18. The company was initiated on Tuesday, September 8 by Sandler O’Neill. The stock of Houlihan Lokey Inc (NYSE:HLI) has “Buy” rating given on Tuesday, September 8 by Bank of America. Keefe Bruyette & Woods initiated Houlihan Lokey Inc (NYSE:HLI) on Tuesday, September 8 with “Outperform” rating. The stock of Houlihan Lokey Inc (NYSE:HLI) earned “Mkt Outperform” rating by JMP Securities on Tuesday, September 8. The rating was initiated by Goldman Sachs on Tuesday, September 8 with “Neutral”.

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 Restructuring Banker to Join Peter J. Solomon” published on June 06, 2016, Bloomberg.com published: “Houlihan Lokey Adds DeAngelo, Rothschild’s Simpson for Deals” on July 12, 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’s Adelson Gets $7.6 Million as 2013 Loan Forgiven” with publication date: September 09, 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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