Huron Consulting Group (NASDAQ:HURN) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Tuesday.
HURN has been the subject of several other research reports. Barrington Research set a $57.00 price objective on shares of Huron Consulting Group and gave the company a “buy” rating in a research note on Wednesday, November 7th. Zacks Investment Research upgraded shares of Huron Consulting Group from a “sell” rating to a “hold” rating and set a $60.00 price objective for the company in a research note on Tuesday, October 30th. Finally, Benchmark reiterated a “buy” rating and issued a $54.00 price objective (up previously from $52.00) on shares of Huron Consulting Group in a research note on Tuesday, September 18th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Huron Consulting Group currently has a consensus rating of “Buy” and an average price target of $55.75.
Huron Consulting Group stock opened at $53.23 on Tuesday. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 25.47, a PEG ratio of 1.88 and a beta of -0.17. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.37 and a quick ratio of 1.37. Huron Consulting Group has a 52-week low of $32.05 and a 52-week high of $57.00.
Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings data on Tuesday, October 30th. The business services provider reported $0.64 earnings per share for the quarter, beating the 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 EPS. Analysts forecast that Huron Consulting Group will post 2.1 earnings per share for the current year.
In other news, Director James D. Edwards sold 735 shares of Huron Consulting Group stock in a transaction on Monday, October 1st. The shares were sold at an average price of $49.21, for a total value of $36,169.35. Following the completion of the sale, the director now owns 24,371 shares in the company, valued at approximately $1,199,296.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Huron Consulting Group by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,942,818 shares of the business services provider’s stock valued at $95,976,000 after purchasing an additional 35,140 shares during the period. Dimensional Fund Advisors LP grew its position in Huron Consulting Group by 2.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,519,499 shares of the business services provider’s stock valued at $62,148,000 after purchasing an additional 43,094 shares during the period. Boston Partners grew its position in Huron Consulting Group by 1.9% in the 2nd quarter. Boston Partners now owns 1,426,904 shares of the business services provider’s stock valued at $58,360,000 after purchasing an additional 26,721 shares during the period. Franklin Resources Inc. grew its position in Huron Consulting Group by 266.6% in the 3rd quarter. Franklin Resources Inc. now owns 626,438 shares of the business services provider’s stock valued at $30,946,000 after purchasing an additional 455,544 shares during the period. Finally, Atlanta Capital Management Co. L L C grew its position in Huron Consulting Group by 3.3% in the 3rd quarter. Atlanta Capital Management Co. L L C now owns 542,435 shares of the business services provider’s stock valued at $26,796,000 after purchasing an additional 17,350 shares during the period. 89.22% of the stock is owned by institutional investors and hedge funds.
Huron Consulting Group Company Profile
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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