Huron Consulting Group Inc. (NASDAQ:HURN) Given Consensus Recommendation of “Buy” by Brokerages

Huron Consulting Group Inc. (NASDAQ:HURN) has earned a consensus recommendation of “Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have covered the stock in the last year is $199.00.

A number of equities research analysts have issued reports on HURN shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Huron Consulting Group in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Benchmark boosted their target price on shares of Huron Consulting Group from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Truist Financial raised their price target on shares of Huron Consulting Group from $180.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 14th.

Insiders Place Their Bets

In related news, COO James Ronald Dail sold 662 shares of Huron Consulting Group stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $170.11, for a total transaction of $112,612.82. Following the sale, the chief operating officer directly owned 30,355 shares in the company, valued at $5,163,689.05. The trade was a 2.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ekta Singh-Bushell sold 1,000 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $178.55, for a total transaction of $178,550.00. Following the completion of the sale, the director directly owned 14,341 shares of the company’s stock, valued at $2,560,585.55. The trade was a 6.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 25,970 shares of company stock valued at $4,232,162 in the last quarter. 2.15% of the stock is owned by insiders.

Institutional Trading of Huron Consulting Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Richardson Financial Services Inc. boosted its holdings in shares of Huron Consulting Group by 68.1% in the third quarter. Richardson Financial Services Inc. now owns 195 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 79 shares in the last quarter. Clearstead Advisors LLC lifted its position in Huron Consulting Group by 86.2% in the third quarter. Clearstead Advisors LLC now owns 203 shares of the business services provider’s stock worth $30,000 after purchasing an additional 94 shares during the period. Quarry LP bought a new position in Huron Consulting Group during the 1st quarter valued at $31,000. Brown Brothers Harriman & Co. acquired a new position in shares of Huron Consulting Group during the 3rd quarter valued at $35,000. Finally, Advisory Services Network LLC acquired a new position in shares of Huron Consulting Group during the 3rd quarter valued at $36,000. 93.90% of the stock is currently owned by institutional investors.

Huron Consulting Group Price Performance

HURN opened at $180.66 on Tuesday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 1.18. The company’s 50-day moving average price is $167.26 and its 200 day moving average price is $148.15. Huron Consulting Group has a fifty-two week low of $120.25 and a fifty-two week high of $182.71. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 30.26 and a beta of 0.18.

Huron Consulting Group (NASDAQ:HURN) last issued its earnings results on Tuesday, October 28th. The business services provider reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.24. The company had revenue of $441.28 million during the quarter, compared to the consensus estimate of $418.13 million. Huron Consulting Group had a return on equity of 27.06% and a net margin of 6.54%.Huron Consulting Group’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.68 earnings per share. Huron Consulting Group has set its FY 2025 guidance at 7.600-7.700 EPS. As a group, sell-side analysts expect that Huron Consulting Group will post 6.1 earnings per share for the current year.

About Huron Consulting Group

Huron Consulting Group (NASDAQ:HURN) is a global professional services firm that advises organizations across a range of industries on strategy, operations and technology. Founded in 2002 and headquartered in Chicago, the company helps clients address complex business challenges such as performance improvement, digital transformation and organizational change. Huron’s consultants work alongside executive leadership teams to develop and implement tailored solutions that drive growth, increase efficiency and manage risk.

Huron’s service offerings encompass business and financial advisory, healthcare performance improvement, life sciences consulting, higher education and research lifecycle support, as well as legal and regulatory consulting.