Huron Consulting Group (NASDAQ:HURN) Downgraded by BidaskClub to Hold

BidaskClub downgraded shares of Huron Consulting Group (NASDAQ:HURN) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning, BidAskClub reports.

A number of other equities analysts also recently commented on HURN. SunTrust Banks boosted their target price on shares of Huron Consulting Group to $74.00 and gave the stock a buy rating in a research note on Tuesday, September 3rd. TheStreet upgraded shares of Huron Consulting Group from a c rating to a b rating in a research note on Wednesday, July 31st. William Blair restated an outperform rating on shares of Huron Consulting Group in a research note on Thursday, September 12th. Barrington Research restated an outperform rating and issued a $68.00 price objective (up previously from $57.00) on shares of Huron Consulting Group in a research note on Monday, August 5th. Finally, ValuEngine downgraded shares of Huron Consulting Group from a buy rating to a hold rating in a research note on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Huron Consulting Group currently has a consensus rating of Buy and an average target price of $68.00.

Shares of HURN stock opened at $60.85 on Tuesday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.21. The firm has a fifty day moving average price of $61.32 and a 200 day moving average price of $53.77. The company has a market cap of $1.38 billion, a P/E ratio of 24.40, a PEG ratio of 1.78 and a beta of -0.07. Huron Consulting Group has a 12 month low of $44.78 and a 12 month high of $64.39.

Huron Consulting Group (NASDAQ:HURN) last issued its earnings results on Tuesday, July 30th. The business services provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.16. The firm had revenue of $220.80 million during the quarter, compared to the consensus estimate of $205.51 million. Huron Consulting Group had a net margin of 2.76% and a return on equity of 10.01%. The company’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.58 earnings per share. On average, equities analysts forecast that Huron Consulting Group will post 2.5 EPS for the current year.

In other Huron Consulting Group news, insider C. Mark Hussey sold 11,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $61.01, for a total value of $671,110.00. Following the completion of the transaction, the insider now owns 78,507 shares in the company, valued at $4,789,712.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James H. Roth sold 17,500 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $62.90, for a total transaction of $1,100,750.00. Following the completion of the transaction, the chief executive officer now owns 189,795 shares of the company’s stock, valued at approximately $11,938,105.50. The disclosure for this sale can be found here. Insiders sold 29,260 shares of company stock valued at $1,818,486 in the last 90 days. 2.86% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quantamental Technologies LLC acquired a new position in Huron Consulting Group in the second quarter valued at $42,000. Bank of Montreal Can acquired a new position in Huron Consulting Group in the second quarter valued at $95,000. Panagora Asset Management Inc. acquired a new position in Huron Consulting Group in the second quarter valued at $147,000. Aperio Group LLC acquired a new position in Huron Consulting Group in the second quarter valued at $185,000. Finally, Wedge Capital Management L L P NC acquired a new position in Huron Consulting Group in the second quarter valued at $210,000. Institutional investors own 88.66% 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 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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