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

Key Points

• Wedbush raised Huron Consulting Group’s price target to $220 from $160 and maintained an “outperform” rating, implying 16.48% upside from the then-current share price.
• Analyst sentiment is broadly positive: the consensus rating is “Moderate Buy,” with a $215.50 average target; six analysts rate the stock Buy and one rates it Hold.
• Huron beat quarterly expectations, reporting EPS of $2.62 versus $2.47 expected and revenue of $491.45 million, up 11.4% year over year.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) had its price target increased by research analysts at Wedbush from $160.00 to $220.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has an "outperform" rating on the business services provider's stock. Wedbush's price objective would suggest a potential upside of 16.48% from the stock's current price.

Several other research analysts also recently weighed in on the stock. Wall Street Zen upgraded shares of Huron Consulting Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Truist Financial boosted their price objective on Huron Consulting Group from $175.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, October 23rd. Evercore raised Huron Consulting Group to an "outperform" rating in a report on Friday, October 23rd. Weiss Ratings upgraded Huron Consulting Group from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th. Finally, Zacks Research lowered Huron Consulting Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 28th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Huron Consulting Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $215.50.

Huron Consulting Group Trading Down 4.7%

Shares of HURN stock opened at $188.88 on Wednesday. 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 company has a market cap of $3.01 billion, a price-to-earnings ratio of 28.28 and a beta of 0.09. The stock has a 50 day simple moving average of $167.43 and a 200-day simple moving average of $138.91. Huron Consulting Group has a 1-year low of $84.88 and a 1-year high of $203.37.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The business services provider reported $2.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.47 by $0.15. The firm had revenue of $491.45 million for the quarter, compared to analysts' expectations of $481.38 million. Huron Consulting Group had a net margin of 6.38% and a return on equity of 32.33%. The firm's revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.10 EPS. On average, equities research analysts expect that Huron Consulting Group will post 9.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in shares of Huron Consulting Group by 57.9% in the 3rd quarter. GAMMA Investing LLC now owns 289 shares of the business services provider's stock valued at $45,000 after buying an additional 106 shares in the last quarter. Sterling Capital Management LLC lifted its position in Huron Consulting Group by 805.2% in the third quarter. Sterling Capital Management LLC now owns 525 shares of the business services provider's stock valued at $82,000 after acquiring an additional 467 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in Huron Consulting Group in the second quarter valued at $75,000. Fifth Third Bancorp acquired a new position in Huron Consulting Group in the first quarter valued at $122,000. Finally, Nykredit A S acquired a new stake in shares of Huron Consulting Group during the second quarter worth about $111,000. 93.90% of the stock is currently 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.

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