Huron Consulting Group (NASDAQ:HURN) Stock Rating Upgraded by Zacks Investment Research

Huron Consulting Group (NASDAQ:HURN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, Zacks.com reports. The brokerage currently has a $55.00 price objective on the business services provider’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 17.55% from the company’s previous close.

According to Zacks, “Huron Consulting Group Inc. is the parent company of Huron Consulting Services LLC, an independent provider of financial and operational consulting services. Huron’s experienced and credentialed professionals employ their expertise in accounting, finance, economics and operations to a wide variety of both financially sound and distressed organizations, including Fortune 500 companies, medium-sized businesses, leading academic institutions, healthcare organizations and the law firms that represent these various organizations. “

Separately, Barrington Research reissued an “outperform” rating and issued a $67.00 price target (up from $63.00) on shares of Huron Consulting Group in a report on Tuesday, May 18th.

Huron Consulting Group stock opened at $46.79 on Tuesday. The business’s 50-day moving average price is $52.27. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 43.73 and a beta of 0.94. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.49. Huron Consulting Group has a one year low of $37.46 and a one year high of $61.99.

Huron Consulting Group (NASDAQ:HURN) last announced its earnings results on Tuesday, May 4th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.01). The company had revenue of $203.30 million during the quarter, compared to the consensus estimate of $198.29 million. Huron Consulting Group had a net margin of 2.86% and a return on equity of 8.41%. The business’s quarterly revenue was down 8.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. As a group, research analysts expect that Huron Consulting Group will post 2.52 earnings per share for the current year.

In related news, CEO James H. Roth sold 17,000 shares of the stock in a transaction that occurred on Monday, June 7th. The stock was sold at an average price of $52.91, for a total value of $899,470.00. Following the transaction, the chief executive officer now owns 148,722 shares in the company, valued at $7,868,881.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 17,945 shares of company stock worth $950,540 in the last 90 days. 2.13% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in HURN. Bank of New York Mellon Corp grew its holdings in Huron Consulting Group by 29.7% during the fourth quarter. Bank of New York Mellon Corp now owns 416,543 shares of the business services provider’s stock valued at $24,555,000 after purchasing an additional 95,403 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Huron Consulting Group by 11.6% in the fourth quarter. Rhumbline Advisers now owns 40,205 shares of the business services provider’s stock valued at $2,370,000 after acquiring an additional 4,183 shares during the period. Citigroup Inc. boosted its position in shares of Huron Consulting Group by 46.5% in the fourth quarter. Citigroup Inc. now owns 10,366 shares of the business services provider’s stock valued at $611,000 after acquiring an additional 3,291 shares during the period. Lazard Asset Management LLC bought a new stake in shares of Huron Consulting Group in the fourth quarter valued at approximately $73,000. Finally, Credit Suisse AG boosted its position in shares of Huron Consulting Group by 1.8% in the fourth quarter. Credit Suisse AG now owns 638,074 shares of the business services provider’s stock valued at $37,614,000 after acquiring an additional 11,326 shares during the period. Institutional investors own 90.35% of the company’s stock.

Huron Consulting Group Company Profile

Huron Consulting Group Inc, a professional services firm, provides consultancy services in the United States and internationally. Its Healthcare segment provides advisory services in the areas of financial and operational improvement, care transformation, and revenue cycle managed services; organizational transformation; and digital, technology and analytic solutions to national and regional hospitals, integrated health systems, academic medical centers, community hospitals, and medical groups.

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