Huron Consulting Group (NASDAQ:HURN) Stock Moved Down to Hold by Wall Street Zen

Key Points

• Wall Street Zen downgraded Huron Consulting Group from “buy” to “hold,” while analyst views remain mixed; MarketBeat reports a “Moderate Buy” consensus and an average price target of $215.50.
• Huron beat quarterly estimates, reporting earnings of $2.62 per share versus $2.47 expected and revenue of $491.45 million versus $481.38 million; revenue grew 11.4% year over year.
• Shares opened at $166.82, within a 52-week range of $84.88 to $203.37. Institutional investors own 93.9% of the company’s stock.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday, Wall Street Zen reports.

A number of other brokerages have also weighed in on HURN. Zacks Research lowered shares of Huron Consulting Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 28th. Truist Financial upped their price target 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. Wedbush raised their price objective on shares of Huron Consulting Group from $160.00 to $220.00 and gave the company an "outperform" rating in a research report on Wednesday. Weiss Ratings lowered shares of Huron Consulting Group from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday. Finally, Evercore upgraded shares of Huron Consulting Group to an "outperform" rating in a research note on Friday, October 23rd. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $215.50.

Huron Consulting Group Price Performance

HURN stock opened at $166.82 on Friday. Huron Consulting Group has a 1 year low of $84.88 and a 1 year high of $203.37. The company has a market cap of $2.65 billion, a P/E ratio of 23.05 and a beta of 0.09. 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 50-day moving average of $168.23 and a 200 day moving average of $138.75.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last issued its quarterly earnings data on Tuesday, November 3rd. The business services provider reported $2.62 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $481.38 million. During the same quarter in the previous year, the firm posted $2.10 earnings per share. Huron Consulting Group's revenue for the quarter was up 11.4% compared to the same quarter last year. On average, sell-side analysts forecast that Huron Consulting Group will post 9.29 EPS for the current year.

Hedge Funds Weigh In On Huron Consulting Group

Several large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Huron Consulting Group during the second quarter worth approximately $125,191,000. Bank of America Corp DE acquired a new stake in Huron Consulting Group in the 2nd quarter valued at approximately $16,090,000. William Blair Investment Management LLC bought a new stake in Huron Consulting Group during the second quarter worth approximately $15,359,000. Jennison Associates LLC grew its stake in Huron Consulting Group by 13.6% during the 1st 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 in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Huron Consulting Group in the 2nd quarter valued at $5,541,000. Hedge funds and other institutional investors own 93.90% of the company's stock.

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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