Huron Consulting Group Inc. (NASDAQ:HURN) Stock Rated "Moderate Buy" by Wall Street Analysts

Key Points

• Analysts rate Huron Consulting Group “Moderate Buy”: Five of seven covering firms recommend buying the stock, while two recommend holding it. Their average one-year price target is $215.50.
• Quarterly results topped estimates: Huron reported EPS of $2.62 versus a $2.47 consensus and revenue of $491.45 million versus expectations of $481.38 million; revenue increased 11.4% year over year.
• Institutional investors own 93.9% of the stock, and Congress Asset Management increased its stake by 12.5% in the third quarter.

Huron Consulting Group Inc. (NASDAQ:HURN - Get Free Report) has earned an average recommendation of "Moderate Buy" from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $215.50.

A number of research firms have recently commented on HURN. Evercore upgraded Huron Consulting Group to an "outperform" rating in a research note on Friday, October 23rd. Wedbush lifted their price target on Huron Consulting Group from $160.00 to $220.00 and gave the company an "outperform" rating in a research report on Wednesday, November 4th. Truist Financial upped their price target 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. Weiss Ratings downgraded Huron Consulting Group from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, November 4th. Finally, Wall Street Zen downgraded Huron Consulting Group from a "buy" rating to a "hold" rating in a report on Saturday, November 7th.

Institutional Trading of Huron Consulting Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Jupiter Topco LLC purchased a new position in Huron Consulting Group during the second quarter valued at $752,000. Legal & General Group Plc bought a new stake in Huron Consulting Group in the second quarter worth $1,465,000. Corient Private Wealth LP purchased a new stake in shares of Huron Consulting Group in the second quarter worth $2,816,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Huron Consulting Group in the second quarter worth $767,000. Finally, Congress Asset Management Co. grew its stake 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 worth $16,746,000 after acquiring an additional 11,836 shares during the last quarter. 93.90% of the stock is owned by hedge funds and other institutional investors.

Huron Consulting Group Stock Up 1.5%

Shares of Huron Consulting Group stock opened at $169.64 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 2.02. The company's fifty day simple moving average is $169.05 and its two-hundred day simple moving average is $138.59. The company has a market cap of $2.68 billion, a P/E ratio of 25.24 and a beta of 0.09. Huron Consulting Group has a 12-month low of $84.88 and a 12-month high of $203.37.

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 the consensus estimate of $2.47 by $0.15. The business had revenue of $491.45 million during the quarter, compared to analyst estimates of $481.38 million. Huron Consulting Group had a net margin of 6.10% and a return on equity of 35.61%. The company's revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.10 EPS. Research analysts anticipate that Huron Consulting Group will post 9.26 EPS for the current year.

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.

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