Huron Consulting Group (HURN) Given Average Rating of “Buy” by Analysts

Shares of Huron Consulting Group (NASDAQ:HURN) have received a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $55.75.

HURN has been the subject of a number of analyst reports. Barrington Research set a $57.00 target price on shares of Huron Consulting Group and gave the stock a “buy” rating in a report on Wednesday, November 7th. BidaskClub upgraded shares of Huron Consulting Group from a “buy” rating to a “strong-buy” rating in a report on Friday, November 23rd. Zacks Investment Research upgraded shares of Huron Consulting Group from a “sell” rating to a “hold” rating and set a $60.00 target price for the company in a report on Tuesday, October 30th. Finally, Benchmark restated a “buy” rating and issued a $54.00 price objective (up from $52.00) on shares of Huron Consulting Group in a report on Tuesday, September 18th.

In other Huron Consulting Group news, CEO James H. Roth sold 17,500 shares of the firm’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $48.97, for a total value of $856,975.00. Following the completion of the sale, the chief executive officer now directly owns 215,397 shares in the company, valued at $10,547,991.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James D. Edwards sold 735 shares of the firm’s stock in a transaction dated Monday, October 1st. The stock was 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 owns 24,371 shares of the company’s stock, valued at $1,199,296.91. The disclosure for this sale can be found here. Company insiders own 2.70% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. S&T Bank PA increased its stake in shares of Huron Consulting Group by 0.5% during the third quarter. S&T Bank PA now owns 204,175 shares of the business services provider’s stock valued at $10,086,000 after purchasing an additional 1,048 shares in the last quarter. Swiss National Bank increased its stake in shares of Huron Consulting Group by 3.7% during the third quarter. Swiss National Bank now owns 39,100 shares of the business services provider’s stock valued at $1,932,000 after purchasing an additional 1,400 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Huron Consulting Group by 50.2% during the second quarter. SG Americas Securities LLC now owns 5,244 shares of the business services provider’s stock valued at $214,000 after purchasing an additional 1,752 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Huron Consulting Group by 3.7% during the third quarter. Teachers Advisors LLC now owns 52,973 shares of the business services provider’s stock valued at $2,617,000 after purchasing an additional 1,880 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of 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 purchasing an additional 3,847 shares in the last quarter. 86.75% of the stock is owned by institutional investors and hedge funds.

Shares of Huron Consulting Group stock traded up $0.82 during trading on Monday, reaching $55.67. 97,774 shares of the stock were exchanged, compared to its average volume of 98,621. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.60. The firm has a market cap of $1.24 billion, a P/E ratio of 25.89, a P/E/G ratio of 1.94 and a beta of -0.16. Huron Consulting Group has a 1 year low of $32.05 and a 1 year high of $57.00.

Huron Consulting Group (NASDAQ:HURN) last posted its earnings results on Tuesday, October 30th. The business services provider reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.05. The company had revenue of $198.45 million during 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%. Huron Consulting Group’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 earnings per share. Research analysts forecast that Huron Consulting Group will post 2.1 earnings per share for the current fiscal year.

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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