Huron Consulting Group Inc. (NASDAQ:HURN) Receives $170.75 Consensus Target Price from Brokerages

Huron Consulting Group Inc. (NASDAQ:HURN - Get Free Report) has been assigned an average recommendation of "Buy" from the five analysts that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a buy recommendation. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $170.75.

A number of analysts recently commented on HURN shares. Wedbush lifted their price target on Huron Consulting Group from $150.00 to $165.00 and gave the stock an "outperform" rating in a report on Wednesday, March 26th. Barrington Research lifted their target price on Huron Consulting Group from $167.00 to $173.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Wall Street Zen cut shares of Huron Consulting Group from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. William Blair reaffirmed an "outperform" rating on shares of Huron Consulting Group in a research note on Wednesday, March 26th. Finally, Benchmark reaffirmed a "buy" rating and set a $165.00 price target on shares of Huron Consulting Group in a research note on Wednesday, March 26th.

Huron Consulting Group Stock Down 2.1%

Shares of HURN traded down $2.96 during trading hours on Friday, reaching $140.02. The stock had a trading volume of 156,857 shares, compared to its average volume of 154,247. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 30.44 and a beta of 0.30. The firm has a 50-day simple moving average of $144.05 and a 200 day simple moving average of $135.39. Huron Consulting Group has a 12 month low of $94.00 and a 12 month high of $155.00. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.52. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. The business had revenue of $404.14 million during the quarter, compared to the consensus estimate of $389.27 million. During the same quarter in the prior year, the company posted $1.23 earnings per share. Huron Consulting Group's revenue was up 11.2% compared to the same quarter last year. Equities research analysts predict that Huron Consulting Group will post 6.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Huron Consulting Group

In other news, Director James H. Roth sold 8,642 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $149.27, for a total value of $1,289,991.34. Following the completion of the transaction, the director now owns 56,279 shares in the company, valued at $8,400,766.33. This trade represents a 13.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Mccartney sold 500 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $142.67, for a total value of $71,335.00. Following the transaction, the director now directly owns 52,121 shares of the company's stock, valued at $7,436,103.07. This represents a 0.95% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,593 shares of company stock worth $4,002,316. 2.15% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Huron Consulting Group

Hedge funds have recently bought and sold shares of the business. Quarry LP bought a new stake in Huron Consulting Group in the first quarter worth $31,000. Heck Capital Advisors LLC purchased a new stake in Huron Consulting Group during the fourth quarter valued at $33,000. Opal Wealth Advisors LLC bought a new position in shares of Huron Consulting Group in the 1st quarter worth approximately $35,000. CWM LLC boosted its stake in shares of Huron Consulting Group by 55.9% during the 1st quarter. CWM LLC now owns 407 shares of the business services provider's stock worth $58,000 after acquiring an additional 146 shares during the last quarter. Finally, Vestcor Inc bought a new stake in Huron Consulting Group during the first quarter valued at about $60,000. Institutional investors own 93.90% of the company's stock.

About Huron Consulting Group

Huron Consulting Group Inc, a professional services firm, provides consultancy services in the United States and internationally. It operates through three segments: Healthcare, Education, and Commercial. The Healthcare segment provides financial and operational performance improvement consulting services; digital offerings, spanning technology and analytic-related services; software products; organizational transformation services; revenue cycle managed and outsourcing services; financial and capital advisory consulting services; and strategy and innovation consulting services to national and regional health systems, academic and community health systems, federal health system, public, children's and critical access hospitals, physician practices and medical groups, payors, and long-term care or post-acute providers.