Benchmark Reiterates $60.00 Price Target for Huron Consulting Group (NASDAQ:HURN)

Benchmark set a $60.00 price target on Huron Consulting Group (NASDAQ:HURN) in a research report sent to investors on Wednesday, July 31st, TipRanks reports. The firm currently has a buy rating on the business services provider’s stock.

A number of other brokerages also recently issued reports on HURN. Zacks Investment Research upgraded Huron Consulting Group from a hold rating to a strong-buy rating and set a $70.00 price objective on the stock in a research report on Friday, August 2nd. ValuEngine upgraded Huron Consulting Group from a hold rating to a buy rating in a research report on Wednesday, May 1st. BidaskClub upgraded Huron Consulting Group from a buy rating to a strong-buy rating in a research report on Friday, July 19th. Finally, Barrington Research reaffirmed a buy rating and set a $57.00 target price on shares of Huron Consulting Group in a research note on Monday, May 6th. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $66.00.

HURN stock traded down $1.65 during midday trading on Wednesday, reaching $59.48. 86,333 shares of the company traded hands, compared to its average volume of 118,139. Huron Consulting Group has a 52-week low of $44.78 and a 52-week high of $64.39. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.59 and a current ratio of 0.59. The business has a 50 day moving average of $56.51 and a 200-day moving average of $51.12. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 28.60, a P/E/G ratio of 1.82 and a beta of -0.07.

Huron Consulting Group (NASDAQ:HURN) last issued its quarterly earnings data on Tuesday, July 30th. The business services provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.16. Huron Consulting Group had a return on equity of 10.01% and a net margin of 2.76%. The business had revenue of $220.80 million for the quarter, compared to the consensus estimate of $205.51 million. During the same period in the prior year, the business posted $0.58 earnings per share. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. Research analysts anticipate that Huron Consulting Group will post 2.5 earnings per share for the current year.

In related news, Director George Massaro sold 547 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $50.02, for a total value of $27,360.94. Following the transaction, the director now owns 21,999 shares of the company’s stock, valued at $1,100,389.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider C. Mark Hussey sold 11,000 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $61.01, for a total value of $671,110.00. Following the completion of the transaction, the insider now directly owns 78,507 shares in the company, valued at approximately $4,789,712.07. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,047 shares of company stock worth $1,563,496. Insiders own 2.86% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in Huron Consulting Group during the 4th quarter valued at $27,585,000. Northern Trust Corp boosted its position in Huron Consulting Group by 3.2% during the 4th quarter. Northern Trust Corp now owns 330,103 shares of the business services provider’s stock valued at $16,937,000 after acquiring an additional 10,138 shares in the last quarter. Geode Capital Management LLC boosted its position in Huron Consulting Group by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 257,580 shares of the business services provider’s stock valued at $13,216,000 after acquiring an additional 17,753 shares in the last quarter. Renaissance Technologies LLC boosted its position in Huron Consulting Group by 4.1% during the 2nd quarter. Renaissance Technologies LLC now owns 249,358 shares of the business services provider’s stock valued at $12,563,000 after acquiring an additional 9,900 shares in the last quarter. Finally, Millennium Management LLC boosted its position in Huron Consulting Group by 151.2% during the 4th quarter. Millennium Management LLC now owns 164,314 shares of the business services provider’s stock valued at $8,431,000 after acquiring an additional 98,900 shares in the last quarter. 88.49% of the stock is currently owned by institutional investors.

Huron Consulting Group Company Profile

Huron Consulting Group Inc, a professional services firm, provides advisory, technology, and analytic solutions in the United States and internationally. Its Healthcare segment provides advisory services in the areas of strategy, care transformation, financial and operational excellence, technology and analytics, and leadership development to national and regional hospitals, integrated health systems, academic medical centers, community hospitals, and medical groups.

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