Huron Consulting Group (NASDAQ:HURN) Raised to Buy at Zacks Investment Research

Huron Consulting Group (NASDAQ:HURN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday, Zacks.com reports. The firm currently has a $51.00 price objective on the business services provider’s stock. Zacks Investment Research‘s price target points to a potential upside of 11.50% from the stock’s current price.

According to Zacks, “Huron Consulting Group Inc. is the parent company of Huron Consulting Services LLC, an independent provider of financial and operational consulting services. Huron’s experienced and credentialed professionals employ their expertise in accounting, finance, economics and operations to a wide variety of both financially sound and distressed organizations, including Fortune 500 companies, medium-sized businesses, leading academic institutions, healthcare organizations and the law firms that represent these various organizations. “

Separately, Barrington Research reissued an “outperform” rating and issued a $67.00 price target (up from $63.00) on shares of Huron Consulting Group in a research note on Tuesday, May 18th.

NASDAQ HURN opened at $45.74 on Tuesday. Huron Consulting Group has a 52-week low of $37.46 and a 52-week high of $61.99. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market cap of $1.03 billion, a P/E ratio of 42.75 and a beta of 0.94. The stock’s fifty day moving average is $51.34.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings data on Tuesday, May 4th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). Huron Consulting Group had a return on equity of 8.41% and a net margin of 2.86%. The company had revenue of $203.30 million for the quarter, compared to the consensus estimate of $198.29 million. During the same period in the prior year, the firm posted $0.44 earnings per share. The business’s revenue was down 8.7% on a year-over-year basis. As a group, sell-side analysts predict that Huron Consulting Group will post 2.52 earnings per share for the current fiscal year.

In other Huron Consulting Group news, CEO James H. Roth sold 17,000 shares of the business’s stock in a transaction dated Monday, June 7th. The shares were sold at an average price of $52.91, for a total value of $899,470.00. Following the transaction, the chief executive officer now owns 148,722 shares in the company, valued at $7,868,881.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 17,945 shares of company stock worth $950,540 in the last 90 days. Corporate insiders own 2.13% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in Huron Consulting Group by 4.5% in the first quarter. BlackRock Inc. now owns 1,716,132 shares of the business services provider’s stock worth $86,458,000 after purchasing an additional 74,162 shares during the period. Credit Suisse AG grew its holdings in Huron Consulting Group by 4.4% in the first quarter. Credit Suisse AG now owns 666,005 shares of the business services provider’s stock worth $33,554,000 after purchasing an additional 27,931 shares during the period. Norges Bank purchased a new stake in Huron Consulting Group in the fourth quarter worth about $22,998,000. Rice Hall James & Associates LLC grew its holdings in Huron Consulting Group by 11.4% in the fourth quarter. Rice Hall James & Associates LLC now owns 62,046 shares of the business services provider’s stock worth $3,658,000 after purchasing an additional 6,374 shares during the period. Finally, UBS Asset Management Americas Inc. lifted its stake in shares of Huron Consulting Group by 10.9% in the first quarter. UBS Asset Management Americas Inc. now owns 23,777 shares of the business services provider’s stock worth $1,198,000 after buying an additional 2,334 shares in the last quarter. Institutional investors own 90.35% of the company’s stock.

Huron Consulting Group Company Profile

Huron Consulting Group Inc, a professional services firm, provides consultancy services in the United States and internationally. Its Healthcare segment provides advisory services in the areas of financial and operational improvement, care transformation, and revenue cycle managed services; organizational transformation; and digital, technology and analytic solutions to national and regional hospitals, integrated health systems, academic medical centers, community hospitals, and medical groups.

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