Huron Consulting Group (NASDAQ:HURN) Price Target Raised to $220.00

Huron Consulting Group (NASDAQ:HURN) had its price objective upped by Wedbush from $160.00 to $220.00 in a report issued on Wednesday morning,Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

Other equities research analysts have also issued reports about the company. Zacks Research lowered Huron Consulting Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Wall Street Zen raised Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Weiss Ratings upgraded Huron Consulting Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Truist Financial boosted their price target on Huron Consulting Group from $175.00 to $220.00 and gave the company a “buy” rating in a report on Friday, October 23rd. Finally, Evercore upgraded Huron Consulting Group to an “outperform” rating in a research report on Friday, October 23rd. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $215.50.

Huron Consulting Group Stock Performance

Shares of NASDAQ:HURN traded down $8.91 during trading on Wednesday, hitting $166.82. The company’s stock had a trading volume of 420,293 shares, compared to its average volume of 439,219. The company has a 50-day moving average of $168.23 and a 200-day moving average of $138.75. Huron Consulting Group has a 12 month low of $84.88 and a 12 month high of $203.37. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.71 and a quick ratio of 1.71. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 24.82 and a beta of 0.09.

Huron Consulting Group (NASDAQ:HURN) last announced its earnings results on Tuesday, November 3rd. The business services provider reported $2.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.47 by $0.15. Huron Consulting Group had a net margin of 6.38% and a return on equity of 32.33%. The company had revenue of $491.45 million during the quarter, compared to analyst estimates of $481.38 million. During the same period in the previous year, the business posted $2.10 earnings per share. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. On average, sell-side analysts expect that Huron Consulting Group will post 9.29 earnings per share for the current year.

Institutional Trading of Huron Consulting Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Huron Consulting Group during the 2nd quarter valued at $125,191,000. Jennison Associates LLC raised its holdings in Huron Consulting Group by 13.6% during the first quarter. Jennison Associates LLC now owns 667,887 shares of the business services provider’s stock valued at $85,149,000 after acquiring an additional 80,132 shares during the period. Dimensional Fund Advisors LP raised its holdings in Huron Consulting Group by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 641,714 shares of the business services provider’s stock valued at $81,811,000 after acquiring an additional 12,528 shares during the period. Bank of America Corp DE raised its holdings in Huron Consulting Group by 6.6% during the first quarter. Bank of America Corp DE now owns 267,172 shares of the business services provider’s stock valued at $34,062,000 after acquiring an additional 16,482 shares during the period. Finally, Congress Asset Management Co. lifted its position in shares of Huron Consulting Group by 12.5% in the third quarter. Congress Asset Management Co. now owns 106,781 shares of the business services provider’s stock valued at $16,746,000 after acquiring an additional 11,836 shares in the last quarter. 93.90% of the stock is owned by hedge funds and other institutional investors.

About Huron Consulting Group

Huron Consulting Group, Inc is a professional services firm that helps organizations improve performance, manage change, and use technology to address complex business challenges. The company serves clients in the healthcare, education, and public sectors, as well as commercial organizations.

Its services include operational and financial improvement, strategy and organizational consulting, digital transformation, technology implementation, data and analytics, and managed services. Huron also provides specialized advisory support for hospitals and health systems, colleges and universities, government agencies, and businesses seeking to improve processes, financial performance, and customer or patient experiences.

Founded in 2002 and headquartered in Chicago, Huron serves clients across the United States and internationally.