Huron Consulting Group Inc. (HURN) Stock Rating Upgraded by Zacks Investment Research
Huron Consulting Group Inc. (NASDAQ:HURN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The brokerage currently has a $66.00 target price on the stock. Zacks Investment Research’s price objective suggests a potential upside of 12.69% from the stock’s current price.
According to Zacks, “Huron Consulting Group Inc. is the parent company of Huron Consulting Services LLC, an independent provider of financial and operational consulting services. Huron’s experienced and credentialed professionals employ their expertise in accounting, finance, economics and operations to a wide variety of both financially sound and distressed organizations, including Fortune 500 companies, medium-sized businesses, leading academic institutions, healthcare organizations and the law firms that represent these various organizations. “
Separately, Barrington Research raised their target price on Huron Consulting Group from $67.00 to $69.00 and gave the stock an “outperform” rating in a research note on Monday, August 1st. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $68.33.
Huron Consulting Group (NASDAQ:HURN) opened at 58.57 on Wednesday. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 21.55 and a beta of 0.51. Huron Consulting Group has a 1-year low of $43.35 and a 1-year high of $65.03. The stock has a 50 day moving average price of $61.65 and a 200-day moving average price of $59.71.
Huron Consulting Group (NASDAQ:HURN) last issued its earnings results on Tuesday, July 26th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.29. The company earned $184.26 million during the quarter, compared to analyst estimates of $186.50 million. Huron Consulting Group had a return on equity of 13.17% and a net margin of 7.22%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the business posted $1.14 EPS. On average, equities research analysts forecast that Huron Consulting Group will post $3.42 EPS for the current year.
In other Huron Consulting Group news, EVP Diane E. Ratekin sold 3,000 shares of Huron Consulting Group stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $61.59, for a total transaction of $184,770.00. Following the completion of the transaction, the executive vice president now owns 22,681 shares in the company, valued at approximately $1,396,922.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James H. Roth sold 7,500 shares of Huron Consulting Group stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $60.89, for a total value of $456,675.00. Following the transaction, the chief executive officer now owns 173,585 shares of the company’s stock, valued at approximately $10,569,590.65. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Boston Partners bought a new position in Huron Consulting Group during the second quarter worth $30,231,000. Norges Bank acquired a new position in shares of Huron Consulting Group during the fourth quarter valued at $14,904,000. Ameriprise Financial Inc. acquired a new position in shares of Huron Consulting Group during the second quarter valued at $5,578,000. Dimensional Fund Advisors LP raised its position in shares of Huron Consulting Group by 5.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,096,286 shares of the company’s stock valued at $66,236,000 after buying an additional 56,690 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Huron Consulting Group by 5.3% in the first quarter. Franklin Resources Inc. now owns 1,091,185 shares of the company’s stock valued at $63,496,000 after buying an additional 55,143 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.
About Huron Consulting Group
Huron Consulting Group Inc is a professional services firm focused on assisting clients with their business issues by delivering solutions to support their strategic objectives. The Company’s segments are Huron Healthcare, which provides advisory, consulting and technology solutions to national and regional hospitals and integrated health systems, academic medical centers, community hospitals and physician practices; Huron Education and Life Sciences, which provides management consulting services and software solutions to the higher education, academic medical center, pharmaceutical and medical device, and research industries; Huron Business Advisory, which provides services to the C-suite of middle market and organizations, institutions, law firms, investment banks and private equity firms, and All Other.
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