Huron Consulting Group (HURN) Given a $57.00 Price Target by Barrington Research Analysts

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Barrington Research set a $57.00 price target on Huron Consulting Group (NASDAQ:HURN) in a research note published on Wednesday. The brokerage currently has a buy rating on the business services provider’s stock.

Other analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Huron Consulting Group from a strong-buy rating to a buy rating in a report on Tuesday, October 16th. Benchmark reaffirmed a buy rating and set a $54.00 price target (up previously from $52.00) on shares of Huron Consulting Group in a report on Tuesday, September 18th. SunTrust Banks reaffirmed a buy rating and set a $52.00 price target on shares of Huron Consulting Group in a report on Wednesday, August 1st. ValuEngine raised shares of Huron Consulting Group from a hold rating to a buy rating in a report on Monday, July 30th. Finally, TheStreet raised shares of Huron Consulting Group from a d+ rating to a c- rating in a report on Friday, July 20th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Huron Consulting Group currently has a consensus rating of Buy and a consensus price target of $55.75.

HURN stock traded down $2.17 during trading on Wednesday, hitting $53.37. 175,076 shares of the stock traded hands, compared to its average volume of 129,150. Huron Consulting Group has a 1 year low of $32.05 and a 1 year high of $57.00. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 1.95 and a beta of -0.16. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.37 and a current ratio of 1.37.

Huron Consulting Group (NASDAQ:HURN) last announced its quarterly earnings data on Tuesday, October 30th. The business services provider reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.05. The company had revenue of $198.45 million for the quarter, compared to the consensus estimate of $187.49 million. Huron Consulting Group had a negative net margin of 2.23% and a positive return on equity of 8.93%. Huron Consulting Group’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.43 EPS. As a group, research analysts predict that Huron Consulting Group will post 2.09 earnings per share for the current fiscal year.

In other news, Director James D. Edwards sold 735 shares of the firm’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $49.21, for a total transaction of $36,169.35. Following the sale, the director now owns 24,371 shares of the company’s stock, valued at approximately $1,199,296.91. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO James H. Roth sold 17,500 shares of the firm’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $48.97, for a total transaction of $856,975.00. Following the sale, the chief executive officer now directly owns 215,397 shares in the company, valued at approximately $10,547,991.09. The disclosure for this sale can be found here. Company insiders own 2.70% of the company’s stock.

Several large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in shares of Huron Consulting Group by 2.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,519,499 shares of the business services provider’s stock worth $62,148,000 after purchasing an additional 43,094 shares during the period. Boston Partners lifted its stake in shares of Huron Consulting Group by 1.9% in the 2nd quarter. Boston Partners now owns 1,426,904 shares of the business services provider’s stock worth $58,360,000 after purchasing an additional 26,721 shares during the period. Jennison Associates LLC lifted its stake in shares of Huron Consulting Group by 1.4% in the 3rd quarter. Jennison Associates LLC now owns 347,400 shares of the business services provider’s stock worth $17,162,000 after purchasing an additional 4,683 shares during the period. Millennium Management LLC lifted its stake in shares of Huron Consulting Group by 265.9% in the 2nd quarter. Millennium Management LLC now owns 316,539 shares of the business services provider’s stock worth $12,946,000 after purchasing an additional 230,019 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Huron Consulting Group by 2.0% in the 2nd quarter. Northern Trust Corp now owns 314,520 shares of the business services provider’s stock worth $12,865,000 after purchasing an additional 6,081 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

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 performance, 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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