Huron Consulting Group Inc. (HURN) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of Huron Consulting Group Inc. (NASDAQ:HURN) from a strong sell rating to a hold rating in a report released on Monday.

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. “

A number of other equities analysts have also recently issued reports on the stock. William Blair upgraded shares of Huron Consulting Group from a market perform rating to an outperform rating in a research report on Friday, September 8th. TheStreet cut shares of Huron Consulting Group from a c rating to a d+ rating in a research report on Monday, July 31st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Huron Consulting Group has an average rating of Hold and a consensus price target of $48.00.

Huron Consulting Group (NASDAQ:HURN) traded up 0.14% during mid-day trading on Monday, reaching $36.20. 28,808 shares of the company’s stock were exchanged. Huron Consulting Group has a 1-year low of $29.52 and a 1-year high of $57.70. The firm’s 50-day moving average is $34.02 and its 200 day moving average is $38.83. The stock’s market capitalization is $778.01 million.

Huron Consulting Group (NASDAQ:HURN) last announced its earnings results on Thursday, July 27th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.18). The business had revenue of $181.40 million for the quarter, compared to analyst estimates of $191.83 million. Huron Consulting Group had a positive return on equity of 8.83% and a negative net margin of 15.94%. The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.09 EPS. Analysts forecast that Huron Consulting Group will post $2.22 earnings per share for the current fiscal year.

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Several large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its position in shares of Huron Consulting Group by 0.9% in the second quarter. Public Employees Retirement System of Ohio now owns 31,514 shares of the business services provider’s stock valued at $1,361,000 after buying an additional 275 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Huron Consulting Group by 1.3% in the second quarter. The Manufacturers Life Insurance Company now owns 17,114 shares of the business services provider’s stock valued at $739,000 after buying an additional 220 shares during the last quarter. State Street Corp raised its position in shares of Huron Consulting Group by 10.4% in the second quarter. State Street Corp now owns 447,219 shares of the business services provider’s stock valued at $19,322,000 after buying an additional 42,269 shares during the last quarter. S&T Bank PA raised its position in shares of Huron Consulting Group by 1.0% in the second quarter. S&T Bank PA now owns 207,085 shares of the business services provider’s stock valued at $8,946,000 after buying an additional 2,144 shares during the last quarter. Finally, Voya Investment Management LLC raised its position in shares of Huron Consulting Group by 9.1% in the second quarter. Voya Investment Management LLC now owns 10,681 shares of the business services provider’s stock valued at $461,000 after buying an additional 888 shares during the last quarter. 88.49% of the stock is owned by institutional investors and hedge funds.

Huron Consulting Group Company Profile

Huron Consulting Group Inc is a global professional services firm. The Company offers solutions in operations, advisory services, technology and analytics for healthcare, higher education, life sciences and commercial sectors. The Company’s segments include Healthcare, Education and Life Sciences, and Business Advisory.

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Analyst Recommendations for Huron Consulting Group (NASDAQ:HURN)

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