Barrington Research Reiterates $57.00 Price Target for Huron Consulting Group (HURN)

Barrington Research set a $57.00 price objective on Huron Consulting Group (NASDAQ:HURN) in a report released on Wednesday morning. The brokerage currently has a buy rating on the business services provider’s stock.

Several other analysts have also issued reports on HURN. TheStreet raised shares of Huron Consulting Group from a d+ rating to a c- rating in a research report on Friday, July 20th. ValuEngine raised shares of Huron Consulting Group from a hold rating to a buy rating in a research report on Monday, July 30th. 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 research report on Wednesday, August 1st. SunTrust Banks reissued a buy rating and issued a $52.00 price target on shares of Huron Consulting Group in a research report on Wednesday, August 1st. Finally, Zacks Investment Research lowered shares of Huron Consulting Group from a hold rating to a sell rating in a research report on Thursday, August 2nd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $55.75.

HURN stock traded down $2.17 during mid-day trading on Wednesday, hitting $53.37. The company had a trading volume of 175,076 shares, compared to its average volume of 129,150. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 24.82, a P/E/G ratio of 1.95 and a beta of -0.16. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.37 and a current ratio of 1.37. Huron Consulting Group has a 12 month low of $32.05 and a 12 month high of $57.00.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings data on Tuesday, October 30th. The business services provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.59 by $0.05. The business had revenue of $198.45 million for the quarter, compared to analyst estimates of $187.49 million. Huron Consulting Group had a negative net margin of 2.23% and a positive return on equity of 8.93%. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Analysts forecast that Huron Consulting Group will post 2.09 earnings per share for the current year.

In other news, CEO James H. Roth sold 17,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $48.97, for a total value of $856,975.00. Following the sale, the chief executive officer now owns 215,397 shares of the company’s stock, valued at $10,547,991.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director James D. Edwards sold 735 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $49.21, for a total transaction of $36,169.35. Following the completion of the sale, the director now directly owns 24,371 shares in the company, valued at approximately $1,199,296.91. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.

Large investors have recently modified their holdings of the stock. BlueMountain Capital Management LLC grew its stake in Huron Consulting Group by 56.3% during the second quarter. BlueMountain Capital Management LLC now owns 11,816 shares of the business services provider’s stock valued at $483,000 after acquiring an additional 4,254 shares in the last quarter. United Services Automobile Association grew its stake in Huron Consulting Group by 13.9% during the second quarter. United Services Automobile Association now owns 233,111 shares of the business services provider’s stock valued at $9,534,000 after acquiring an additional 28,428 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Huron Consulting Group by 83.8% during the second quarter. Advisors Asset Management Inc. now owns 10,795 shares of the business services provider’s stock valued at $187,000 after acquiring an additional 4,923 shares in the last quarter. Northern Trust Corp grew its stake in Huron Consulting Group by 2.0% during the second quarter. Northern Trust Corp now owns 314,520 shares of the business services provider’s stock valued at $12,865,000 after acquiring an additional 6,081 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in Huron Consulting Group by 50.0% during the first quarter. Legal & General Group Plc now owns 11,546 shares of the business services provider’s stock valued at $440,000 after acquiring an additional 3,847 shares in the last quarter. 89.07% of the stock is owned by 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.

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