Stock Worth Mentioning Today: Houlihan Lokey Inc’s Stock Is Buy After Making Record High

Stock Worth Mentioning Today: Houlihan Lokey Inc's Stock Is Buy After Making Record High

The stock of Houlihan Lokey Inc (NYSE:HLI) reached all time high today, Nov, 29 and still has $29.58 target or 5.00% above today’s $28.17 share price. This indicates more upside for the $1.86B company. This technical setup was reported by Barchart.com. If the $29.58 PT is reached, the company will be worth $93.00 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 142,757 shares traded hands or 33.18% up from the average. Houlihan Lokey Inc (NYSE:HLI) has risen 10.93% since April 26, 2016 and is uptrending. It has outperformed by 5.67% 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 $33.67 million for 13.81 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. The rating was initiated by JMP Securities on Tuesday, September 8 with “Mkt Outperform”. The stock of Houlihan Lokey Inc (NYSE:HLI) has “Neutral” rating given on Tuesday, September 8 by Goldman Sachs. The stock of Houlihan Lokey Inc (NYSE:HLI) earned “Hold” rating by Sandler O’Neill on Thursday, August 18. On Tuesday, September 8 the stock rating was initiated by Bank of America with “Buy”. The rating was initiated by Keefe Bruyette & Woods with “Outperform” on Tuesday, September 8. The stock of Houlihan Lokey Inc (NYSE:HLI) has “Buy” rating given on Tuesday, September 8 by Sandler O’Neill.

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: “Houlihan Lokey Sees ‘Growing Pockets of Distress’ in Debt Market” published on February 08, 2016 as well as Bloomberg.com‘s news article titled: “Gregg Feinstein, Houlihan Lokey’s M&A Chief, Dies at 54” 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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