Huron Consulting Group (NASDAQ:HURN) Stock Gets Downgrade from Wall Street Zen

Huron Consulting Group (NASDAQ:HURN) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other analysts also recently issued reports on the stock. Evercore raised shares of Huron Consulting Group to an “outperform” rating in a report on Friday, October 23rd. Weiss Ratings cut Huron Consulting Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Zacks Research downgraded Huron Consulting Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Wedbush raised their target price on Huron Consulting Group from $160.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 4th. Finally, Truist Financial boosted their price target on Huron Consulting Group from $175.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, October 23rd. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $215.50.

Huron Consulting Group Price Performance

Shares of HURN opened at $166.82 on Friday. The firm has a 50 day moving average of $168.23 and a 200 day moving average of $138.75. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 2.02. Huron Consulting Group has a twelve month low of $84.88 and a twelve month high of $203.37. The company has a market capitalization of $2.63 billion, a P/E ratio of 24.82 and a beta of 0.09.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings results on Tuesday, November 3rd. The business services provider reported $2.62 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.15. The firm had revenue of $491.45 million during the quarter, compared to analysts’ expectations of $481.38 million. Huron Consulting Group had a return on equity of 35.61% and a net margin of 6.10%. The company’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.10 earnings per share. As a group, equities research analysts anticipate that Huron Consulting Group will post 9.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HURN. Russell Investments Group Ltd. boosted its holdings in shares of Huron Consulting Group by 10.6% in the third quarter. Russell Investments Group Ltd. now owns 5,925 shares of the business services provider’s stock valued at $929,000 after purchasing an additional 566 shares during the period. Lisanti Capital Growth LLC bought a new position in Huron Consulting Group in the third quarter worth approximately $2,515,000. Fulcrum Asset Management LLP bought a new position in Huron Consulting Group in the third quarter worth approximately $115,000. Ethic Inc. bought a new stake in Huron Consulting Group during the 3rd quarter valued at $665,000. Finally, Abacus Wealth Partners LLC bought a new stake in Huron Consulting Group during the 3rd quarter valued at $219,000. Institutional investors own 93.90% of the company’s stock.

About Huron Consulting Group

Huron Consulting Group, Inc is a professional services firm that helps organizations improve performance, manage change, and use technology to address complex business challenges. The company serves clients in the healthcare, education, and public sectors, as well as commercial organizations.

Its services include operational and financial improvement, strategy and organizational consulting, digital transformation, technology implementation, data and analytics, and managed services. Huron also provides specialized advisory support for hospitals and health systems, colleges and universities, government agencies, and businesses seeking to improve processes, financial performance, and customer or patient experiences.

Founded in 2002 and headquartered in Chicago, Huron serves clients across the United States and internationally.