KBW Believes Houlihan Lokey (NYSE: HLI) Still Has Room to Grow

By Austin Angelo

KBW analyst Ann Dai reiterated a Buy rating on Houlihan Lokey (NYSE: HLI) on June 12 and set a price target of $38. The company’s shares closed yesterday at $34.53, close to its 52-week high of $36.65.

According to TipRanks.com, Dai is a 3-star analyst with an average return of 9.4% and a 78.9% success rate. Dai covers the Financial sector, focusing on stocks such as Raymond James Financial, Evercore Partners Inc, and Brookfield Asset Mng.

Houlihan Lokey has an analyst consensus of Moderate Buy, with a price target consensus of $38.

Based on Houlihan Lokey’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $257 million and quarterly net profit of $34.08 million. In comparison, last year the company earned revenue of $184 million and had a net profit of $22.78 million.

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Houlihan Lokey, Inc. provides 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.