Huron Consulting Group Inc. (NASDAQ:HURN) Receives $145.50 Consensus PT from Brokerages

Huron Consulting Group Inc. (NASDAQ:HURN) has been given a consensus recommendation of “Buy” by the five research firms that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $151.75.

Several research analysts have recently commented on HURN shares. William Blair reaffirmed an “outperform” rating on shares of Huron Consulting Group in a report on Wednesday. Truist Financial reaffirmed a “buy” rating and issued a $165.00 price target (up from $140.00) on shares of Huron Consulting Group in a report on Wednesday. Barrington Research lifted their price target on shares of Huron Consulting Group from $142.00 to $167.00 and gave the company an “outperform” rating in a report on Thursday. Benchmark lifted their price target on shares of Huron Consulting Group from $140.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Wedbush began coverage on shares of Huron Consulting Group in a report on Monday, February 3rd. They issued an “outperform” rating for the company.

Huron Consulting Group Price Performance

HURN opened at $152.46 on Wednesday. The company has a 50-day moving average of $126.92 and a 200-day moving average of $117.81. The company has a market capitalization of $2.70 billion, a P/E ratio of 33.14 and a beta of 0.59. Huron Consulting Group has a 1-year low of $84.26 and a 1-year high of $153.77. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.61 and a current ratio of 1.61.

Huron Consulting Group (NASDAQ:HURN) last released its earnings results on Tuesday, February 25th. The business services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.38. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. The company had revenue of $399.31 million during the quarter, compared to the consensus estimate of $380.62 million. Equities analysts expect that Huron Consulting Group will post 6.1 EPS for the current fiscal year.

Insider Buying and Selling at Huron Consulting Group

In other news, Director James H. Roth sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $126.03, for a total value of $252,060.00. Following the completion of the sale, the director now directly owns 48,534 shares of the company’s stock, valued at approximately $6,116,740.02. This represents a 3.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director H Eugene Lockhart sold 12,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $150.00, for a total transaction of $1,875,000.00. Following the completion of the sale, the director now directly owns 12,172 shares of the company’s stock, valued at approximately $1,825,800. This represents a 50.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,084 shares of company stock valued at $2,942,539 in the last ninety days. Company insiders own 2.02% of the company’s stock.

Institutional Trading of Huron Consulting Group

Institutional investors have recently made changes to their positions in the stock. Heck Capital Advisors LLC acquired a new stake in shares of Huron Consulting Group in the 4th quarter worth approximately $33,000. Tower Research Capital LLC TRC lifted its stake in shares of Huron Consulting Group by 27.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider’s stock worth $71,000 after acquiring an additional 122 shares during the period. Assetmark Inc. lifted its stake in shares of Huron Consulting Group by 7.0% in the 3rd quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock worth $149,000 after acquiring an additional 90 shares during the period. Cibc World Markets Corp acquired a new stake in shares of Huron Consulting Group in the 4th quarter worth approximately $204,000. Finally, Xponance Inc. acquired a new stake in shares of Huron Consulting Group in the 4th quarter worth approximately $204,000. 93.90% 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 consultancy services in the United States and internationally. It operates through three segments: Healthcare, Education, and Commercial. The Healthcare segment provides financial and operational performance improvement consulting services; digital offerings, spanning technology and analytic-related services; software products; organizational transformation services; revenue cycle managed and outsourcing services; financial and capital advisory consulting services; and strategy and innovation consulting services to national and regional health systems, academic and community health systems, federal health system, public, children’s and critical access hospitals, physician practices and medical groups, payors, and long-term care or post-acute providers.