Huron Consulting Group (NASDAQ:HURN) Upgraded to “Buy” at BidaskClub

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Huron Consulting Group (NASDAQ:HURN) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, BidAskClub reports.

Several other equities analysts have also recently weighed in on the company. Benchmark reiterated a “buy” rating and set a $58.00 price objective (up previously from $56.00) on shares of Huron Consulting Group in a report on Thursday, May 2nd. Barrington Research reissued a “buy” rating and issued a $57.00 target price on shares of Huron Consulting Group in a research report on Monday, May 6th. SunTrust Banks lifted their target price on Huron Consulting Group to $60.00 and gave the company a “buy” rating in a research report on Wednesday, February 27th. ValuEngine lowered Huron Consulting Group from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Finally, Zacks Investment Research lowered Huron Consulting Group from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Six investment analysts have rated the stock with a buy rating, Huron Consulting Group presently has a consensus rating of “Buy” and an average price target of $57.75.

NASDAQ:HURN opened at $51.40 on Monday. Huron Consulting Group has a fifty-two week low of $39.30 and a fifty-two week high of $57.00. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.18 billion, a PE ratio of 24.71, a price-to-earnings-growth ratio of 1.60 and a beta of -0.05.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings data on Tuesday, April 30th. The business services provider reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.07. Huron Consulting Group had a return on equity of 9.44% and a net margin of 2.27%. The business had revenue of $204.45 million for the quarter, compared to analysts’ expectations of $199.92 million. During the same quarter in the previous year, the business posted $0.19 EPS. Huron Consulting Group’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, equities analysts expect that Huron Consulting Group will post 2.38 EPS for the current fiscal year.

In related news, CEO James H. Roth sold 17,500 shares of Huron Consulting Group stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $49.43, for a total value of $865,025.00. Following the sale, the chief executive officer now owns 189,212 shares of the company’s stock, valued at approximately $9,352,749.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.86% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Jennison Associates LLC increased its position in shares of Huron Consulting Group by 14.4% during the fourth quarter. Jennison Associates LLC now owns 397,392 shares of the business services provider’s stock worth $20,390,000 after acquiring an additional 49,992 shares during the period. Ibex Investors LLC purchased a new position in shares of Huron Consulting Group during the fourth quarter worth approximately $218,000. Whittier Trust Co. purchased a new position in shares of Huron Consulting Group during the fourth quarter worth approximately $180,000. Gotham Asset Management LLC purchased a new position in shares of Huron Consulting Group during the fourth quarter worth approximately $877,000. Finally, Rhumbline Advisers increased its position in shares of Huron Consulting Group by 39.1% during the fourth quarter. Rhumbline Advisers now owns 33,707 shares of the business services provider’s stock worth $1,730,000 after acquiring an additional 9,470 shares during the period. 88.14% of the stock is currently owned by institutional investors and hedge funds.

About Huron Consulting Group

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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