Huron Consulting Group (NASDAQ:HURN) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Huron Consulting Group (NASDAQ:HURN) from a buy rating to a hold rating in a report issued on Saturday morning,Wall Street Zen reports.

Several other equities analysts have also recently issued reports on HURN. Evercore upgraded Huron Consulting Group to an “outperform” rating in a research note on Friday, October 23rd. Zacks Research cut shares of Huron Consulting Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Weiss Ratings downgraded shares of Huron Consulting Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, November 4th. Wedbush boosted their price target on shares of Huron Consulting Group from $160.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, November 4th. Finally, Truist Financial increased their price objective on shares of Huron Consulting Group from $175.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, October 23rd. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $215.50.

Huron Consulting Group Trading Down 3.1%

Shares of HURN stock opened at $161.57 on Friday. The company’s 50-day moving average price is $168.27 and its 200-day moving average price is $138.68. The company has a current ratio of 1.60, a quick ratio of 1.71 and a debt-to-equity ratio of 2.02. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 19.27 and a beta of 0.09. Huron Consulting Group has a twelve month low of $84.88 and a twelve month high of $203.37.

Huron Consulting Group (NASDAQ:HURN) last posted its earnings results on Tuesday, November 3rd. The business services provider reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.15. Huron Consulting Group had a return on equity of 35.61% and a net margin of 6.10%. The company had revenue of $491.45 million during the quarter, compared to analysts’ expectations of $481.38 million. During the same quarter last year, the firm earned $2.10 earnings per share. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. As a group, equities analysts predict that Huron Consulting Group will post 9.29 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HURN. GAMMA Investing LLC raised its holdings in shares of Huron Consulting Group by 57.9% in the third quarter. GAMMA Investing LLC now owns 289 shares of the business services provider’s stock worth $45,000 after acquiring an additional 106 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Huron Consulting Group by 3.9% during the third quarter. Quadrant Capital Group LLC now owns 4,056 shares of the business services provider’s stock valued at $636,000 after acquiring an additional 152 shares during the last quarter. Keebeck Wealth Management boosted its stake in shares of Huron Consulting Group by 8.3% during the first quarter. Keebeck Wealth Management now owns 4,064 shares of the business services provider’s stock valued at $518,000 after acquiring an additional 313 shares during the last quarter. Wedbush Securities Inc. boosted its stake in shares of Huron Consulting Group by 19.7% during the second quarter. Wedbush Securities Inc. now owns 2,461 shares of the business services provider’s stock valued at $222,000 after acquiring an additional 405 shares during the last quarter. Finally, Keeler Thomas Management LLC increased its position in Huron Consulting Group by 6.6% during the 2nd quarter. Keeler Thomas Management LLC now owns 7,042 shares of the business services provider’s stock worth $635,000 after purchasing an additional 438 shares in the last quarter. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Huron Consulting Group Company Profile

Huron Consulting Group is a global professional services firm that advises organizations on business strategy, operations, technology and performance improvement. Founded in 2002 and headquartered in Chicago, the company serves clients in the United States and internationally.

Huron organizes its work around healthcare, education and commercial markets. Its services include operational and financial consulting, digital transformation, technology implementation, data and analytics, and support with regulatory and organizational challenges.

The firm works with healthcare providers and academic institutions, as well as businesses and other organizations.