Huron Consulting Group (NASDAQ:HURN) Stock Rating Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Huron Consulting Group (NASDAQ:HURN) from a buy rating to a hold rating in a research report report published on Saturday morning,Wall Street Zen reports.

A number of other equities analysts have also weighed in on HURN. Weiss Ratings lowered shares of Huron Consulting Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Zacks Research cut 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 Huron Consulting Group from $175.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, October 23rd. Wedbush upped their price target on Huron Consulting Group from $160.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Evercore raised 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Huron Consulting Group has an average rating of “Moderate Buy” and a consensus price target of $215.50.

Huron Consulting Group Trading Down 5.1%

Huron Consulting Group stock opened at $166.82 on Friday. The business has a 50 day moving average price of $168.23 and a two-hundred day moving average price of $138.75. The company has a quick ratio of 1.71, a current ratio of 1.60 and a debt-to-equity ratio of 2.02. Huron Consulting Group has a 12 month low of $84.88 and a 12 month high of $203.37. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of 24.82 and a beta of 0.09.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings data on Tuesday, November 3rd. The business services provider reported $2.62 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 analyst estimates of $481.38 million. Huron Consulting Group had a return on equity of 35.61% and a net margin of 6.10%. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period last year, the company earned $2.10 EPS. As a group, equities analysts forecast that Huron Consulting Group will post 9.29 EPS for the current year.

Hedge Funds Weigh In On Huron Consulting Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Jupiter Topco LLC acquired a new stake in shares of Huron Consulting Group during the second quarter worth approximately $752,000. Legal & General Group Plc acquired a new stake in shares of Huron Consulting Group during the 2nd quarter worth approximately $1,465,000. Corient Private Wealth LP bought a new stake in shares of Huron Consulting Group during the 2nd quarter valued at $2,816,000. The Manufacturers Life Insurance Company bought a new position in Huron Consulting Group during the second quarter worth about $767,000. Finally, Congress Asset Management Co. boosted its stake in Huron Consulting Group by 12.5% during the 3rd 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. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Huron Consulting Group Company Profile

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.