Huron Consulting Group (HURN) Lifted to “Outperform” at Barrington Research
Barrington Research upgraded shares of Huron Consulting Group (NASDAQ:HURN) from a market perform rating to an outperform rating in a research report sent to investors on Tuesday, Marketbeat Ratings reports. They currently have $55.00 price target on the business services provider’s stock.
“We are establishing a 12-month price target of $55, which assumes an EV/NTM EBITDA multiple 14x, similar to the current multiple of 14.2x (based on our estimates). Opinion OUTPERFORM (12 mo) $55 13% LT EPS Cap (mil) $1,424 Enterprise Value (mil) $1,069 Shares Outstanding (mil) 21.9 Volume 118,870 Financial / Valuation Adjusted ROE (LTM) 7.9% LT Debt/Capital 41.3% EV/Adj. EBITDA (LTM) 15.6x Price/Sales (LTM) 1.4x Kevin M. Steinke, CFA (312) 634-6392 FactSet Research Systems Revenue ($ mil)(est. in Adjusted EPS ($)(est.”,” the firm’s analyst wrote.
Several other brokerages also recently weighed in on HURN. BidaskClub raised shares of Huron Consulting Group from a buy rating to a strong-buy rating in a report on Thursday, May 31st. SunTrust Banks reaffirmed a buy rating and set a $52.00 price target on shares of Huron Consulting Group in a report on Wednesday, August 1st. Benchmark raised shares of Huron Consulting Group from a hold rating to a buy rating and set a $52.00 price target on the stock in a report on Wednesday, August 1st. Zacks Investment Research raised shares of Huron Consulting Group from a sell rating to a hold rating in a report on Friday, August 24th. Finally, ValuEngine downgraded shares of Huron Consulting Group from a hold rating to a sell rating in a report on Wednesday, May 2nd. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $53.00.
Huron Consulting Group (NASDAQ:HURN) last announced its earnings results on Tuesday, July 31st. The business services provider reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.02). Huron Consulting Group had a negative net margin of 2.79% and a positive return on equity of 8.02%. The business had revenue of $197.50 million for the quarter, compared to the consensus estimate of $185.73 million. During the same quarter last year, the firm posted $0.49 earnings per share. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. equities research analysts anticipate that Huron Consulting Group will post 2.12 EPS for the current year.
In other news, CEO James H. Roth sold 17,500 shares of the business’s stock in a transaction on Tuesday, June 5th. The shares were sold at an average price of $40.55, for a total value of $709,625.00. Following the transaction, the chief executive officer now owns 222,897 shares of the company’s stock, valued at $9,038,473.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.70% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in HURN. SG Americas Securities LLC purchased a new position in shares of Huron Consulting Group in the first quarter worth $133,000. American Century Companies Inc. lifted its holdings in shares of Huron Consulting Group by 1.6% in the first quarter. American Century Companies Inc. now owns 421,821 shares of the business services provider’s stock worth $16,071,000 after buying an additional 6,645 shares in the last quarter. Boston Partners lifted its holdings in shares of Huron Consulting Group by 8.8% in the first quarter. Boston Partners now owns 1,400,183 shares of the business services provider’s stock worth $53,347,000 after buying an additional 113,750 shares in the last quarter. Mcclain Value Management LLC purchased a new position in shares of Huron Consulting Group in the first quarter worth $4,847,000. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Huron Consulting Group by 7.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 189,967 shares of the business services provider’s stock worth $7,238,000 after buying an additional 13,793 shares in the last quarter. 89.13% of the stock is currently owned by hedge funds and other institutional investors.
About Huron Consulting Group
Huron Consulting Group Inc, a professional services firm, provides advisory, technology, and analytic solutions in the United States and internationally. Its Healthcare segment provides advisory services in the areas of strategy, care transformation, financial and operational performance, technology and analytics, and leadership development to national and regional hospitals, integrated health systems, academic medical centers, community hospitals, and medical groups.
Featured Article: How do investors use RSI to grade stocks?
Receive News & Ratings for Huron Consulting Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huron Consulting Group and related companies with MarketBeat.com's FREE daily email newsletter.