Huron Consulting Group Inc. (NASDAQ:HURN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday.
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. “
Other research analysts also recently issued research reports about the stock. TheStreet downgraded shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 2nd. William Blair downgraded shares of Huron Consulting Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Huron Consulting Group currently has a consensus rating of “Hold” and a consensus price target of $68.33.
Shares of Huron Consulting Group (NASDAQ:HURN) traded up 1.00% during mid-day trading on Wednesday, hitting $45.40. 159,938 shares of the stock traded hands. Huron Consulting Group has a one year low of $41.20 and a one year high of $65.00. The stock has a 50-day moving average of $50.23 and a 200 day moving average of $56.63. The stock has a market cap of $956.85 million, a PE ratio of 18.64 and a beta of 0.34.
Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.92 EPS for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.09. Huron Consulting Group had a net margin of 6.56% and a return on equity of 12.26%. The company earned $183.40 million during the quarter, compared to the consensus estimate of $191.07 million. During the same quarter in the prior year, the company posted $1.14 EPS. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities analysts predict that Huron Consulting Group will post $3.31 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of HURN. Piedmont Investment Advisors LLC purchased a new stake in shares of Huron Consulting Group during the third quarter valued at about $528,000. Price T Rowe Associates Inc. MD increased its stake in shares of Huron Consulting Group by 6.7% in the third quarter. Price T Rowe Associates Inc. MD now owns 261,144 shares of the company’s stock valued at $15,606,000 after buying an additional 16,500 shares during the period. Panagora Asset Management Inc. purchased a new stake in shares of Huron Consulting Group during the third quarter valued at about $372,000. Highbridge Capital Management LLC purchased a new stake in shares of Huron Consulting Group during the third quarter valued at about $635,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Huron Consulting Group during the third quarter valued at about $883,000. 95.73% of the stock is owned by institutional investors.
Huron Consulting Group Company Profile
Huron Consulting Group Inc is a professional services firm focused on assisting clients with their business issues by delivering solutions to support their strategic objectives. The Company’s segments are Huron Healthcare, which provides advisory, consulting and technology solutions to national and regional hospitals and integrated health systems, academic medical centers, community hospitals and physician practices; Huron Education and Life Sciences, which provides management consulting services and software solutions to the higher education, academic medical center, pharmaceutical and medical device, and research industries; Huron Business Advisory, which provides services to the C-suite of middle market and organizations, institutions, law firms, investment banks and private equity firms, and All Other.
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