Huron Consulting Group (NASDAQ:HURN) Stock Gets Price Target Increase from Wedbush

Huron Consulting Group (NASDAQ:HURN) had its target price raised by equities research analysts at Wedbush from $160.00 to $220.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. Wedbush‘s target price would indicate a potential upside of 16.48% from the company’s current price.

A number of other analysts also recently commented on the stock. Truist Financial boosted their price objective on shares of Huron Consulting Group from $175.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, October 23rd. Weiss Ratings raised Huron Consulting Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Wall Street Zen raised Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Evercore upgraded Huron Consulting Group to an “outperform” rating in a research report on Friday, October 23rd. 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 research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Huron Consulting Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $215.50.

Huron Consulting Group Stock Down 4.7%

Shares of NASDAQ:HURN opened at $188.88 on Wednesday. Huron Consulting Group has a 1-year low of $84.88 and a 1-year high of $203.37. 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 stock has a market cap of $3.01 billion, a P/E ratio of 28.28 and a beta of 0.09. The firm has a fifty day moving average price of $167.43 and a 200 day moving average price of $138.91.

Huron Consulting Group (NASDAQ:HURN) last posted 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. 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 for the quarter, compared to analyst estimates of $481.38 million. During the same period in the previous year, the business posted $2.10 earnings per share. Huron Consulting Group’s quarterly revenue was up 11.4% on a year-over-year basis. Sell-side analysts predict that Huron Consulting Group will post 9.18 EPS for the current year.

Hedge Funds Weigh In On Huron Consulting Group

Hedge funds have recently made changes to their positions in the stock. Ethic Inc. acquired a new stake in shares of Huron Consulting Group during the 3rd quarter worth $665,000. Abacus Wealth Partners LLC purchased a new position in shares of Huron Consulting Group in the 3rd quarter worth $219,000. Waldron Private Wealth LLC acquired a new position in Huron Consulting Group in the third quarter valued at $287,000. Commonwealth Equity Services LLC acquired a new stake in Huron Consulting Group during the third quarter worth about $610,000. Finally, ProShare Advisors LLC purchased a new position in shares of Huron Consulting Group in the 3rd quarter worth about $313,000. Institutional investors and hedge funds 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.