Huron Consulting Group (NASDAQ:HURN) Shares Break Above Fifty Day Moving Average – Time to Sell?

Huron Consulting Group Inc. (NASDAQ:HURN) shares passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $169.05 and traded as high as $171.32. Huron Consulting Group shares last traded at $169.64, with a volume of 161,817 shares traded.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Truist Financial upped their price target on Huron Consulting Group from $175.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, October 23rd. Weiss Ratings downgraded Huron Consulting Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, November 4th. Wall Street Zen downgraded Huron Consulting Group from a “buy” rating to a “hold” rating in a report on Saturday, November 7th. Evercore raised Huron Consulting Group to an “outperform” rating in a research note on Friday, October 23rd. Finally, Wedbush raised their price target on Huron Consulting Group from $160.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, November 4th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $215.50.

Huron Consulting Group Trading Up 1.5%

The company has a market cap of $2.68 billion, a P/E ratio of 25.24 and a beta of 0.09. The stock’s 50-day moving average is $169.05 and its two-hundred day moving average is $138.59. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.60 and a quick ratio of 1.60.

Huron Consulting Group (NASDAQ:HURN) last released its earnings results on Tuesday, November 3rd. The business services provider reported $2.62 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.15. Huron Consulting Group had a return on equity of 35.61% and a net margin of 6.10%. The company had revenue of $491.45 million for the quarter, compared to the consensus estimate of $481.38 million. During the same period in the previous year, the business earned $2.10 earnings per share. Huron Consulting Group’s quarterly revenue was up 11.4% compared to the same quarter last year. As a group, equities research analysts predict that Huron Consulting Group Inc. will post 9.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Huron Consulting Group

Several institutional investors and hedge funds have recently modified their holdings of HURN. Boston Partners raised its position in shares of Huron Consulting Group by 1.1% during the third quarter. Boston Partners now owns 811,644 shares of the business services provider’s stock valued at $127,309,000 after buying an additional 9,040 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Huron Consulting Group in the second quarter worth $125,191,000. Jennison Associates LLC boosted its position in shares of Huron Consulting Group by 13.6% during the first quarter. Jennison Associates LLC now owns 667,887 shares of the business services provider’s stock worth $85,149,000 after acquiring an additional 80,132 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Huron Consulting Group by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 641,714 shares of the business services provider’s stock worth $81,811,000 after acquiring an additional 12,528 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Huron Consulting Group by 6.6% during the first quarter. Bank of America Corp DE now owns 267,172 shares of the business services provider’s stock worth $34,062,000 after acquiring an additional 16,482 shares during the last quarter. Institutional investors own 93.90% of the company’s stock.

Huron Consulting Group Company Profile

Huron Consulting Group is a global professional services firm that advises organizations on business strategy, operations, technology and performance improvement. Founded in 2002 and headquartered in Chicago, the company serves clients in the United States and internationally. Huron organizes its work around healthcare, education and commercial markets. Its services include operational and financial consulting, digital transformation, technology implementation, data and analytics, and support with regulatory and organizational challenges.