Huron Consulting Group (NASDAQ:HURN) has been assigned a $57.00 target price by equities research analysts at Barrington Research in a research report issued to clients and investors on Friday. The firm presently has a “buy” rating on the business services provider’s stock. Barrington Research’s target price would indicate a potential upside of 22.50% from the company’s current price.
A number of other research firms also recently issued reports on HURN. BidaskClub downgraded Huron Consulting Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 4th. SunTrust Banks raised their target price on Huron Consulting Group to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, February 27th. Finally, Zacks Investment Research downgraded Huron Consulting Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $57.75.
NASDAQ:HURN traded down $2.05 during trading hours on Friday, reaching $46.53. The stock had a trading volume of 90,071 shares, compared to its average volume of 121,900. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.56 and a quick ratio of 0.56. Huron Consulting Group has a 12-month low of $34.25 and a 12-month high of $57.00. The company has a market capitalization of $1.05 billion, a P/E ratio of 22.37, a P/E/G ratio of 1.52 and a beta of -0.07.
Huron Consulting Group (NASDAQ:HURN) last released its earnings results on Tuesday, February 26th. The business services provider reported $0.66 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.66. Huron Consulting Group had a return on equity of 8.74% and a net margin of 1.55%. The business had revenue of $205.45 million during the quarter, compared to the consensus estimate of $194.02 million. During the same period last year, the business posted $0.68 earnings per share. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. As a group, analysts anticipate that Huron Consulting Group will post 2.37 earnings per share for the current year.
In other news, CEO James H. Roth sold 17,500 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $47.10, for a total value of $824,250.00. Following the completion of the transaction, the chief executive officer now directly owns 207,720 shares of the company’s stock, valued at $9,783,612. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James D. Edwards sold 735 shares of the firm’s stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $49.99, for a total value of $36,742.65. Following the completion of the transaction, the director now directly owns 23,636 shares of the company’s stock, valued at $1,181,563.64. The disclosure for this sale can be found here. 3.08% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new position in shares of Huron Consulting Group in the fourth quarter worth $50,000. PNC Financial Services Group Inc. boosted its holdings in shares of Huron Consulting Group by 22.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,723 shares of the business services provider’s stock worth $88,000 after acquiring an additional 317 shares during the period. Whittier Trust Co. bought a new position in shares of Huron Consulting Group in the fourth quarter worth $180,000. GSA Capital Partners LLP bought a new position in shares of Huron Consulting Group in the third quarter worth $201,000. Finally, Stone Ridge Asset Management LLC bought a new position in shares of Huron Consulting Group in the third quarter worth $217,000. 89.46% of the stock is owned by hedge funds and other 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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