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

Huron Consulting Group (NASDAQ:HURN) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors 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. “

HURN has been the subject of several other reports. SunTrust Banks reaffirmed a “buy” rating and issued a $48.00 price target on shares of Huron Consulting Group in a report on Friday, October 20th. BidaskClub lowered shares of Huron Consulting Group from a “hold” rating to a “sell” rating in a report on Saturday, December 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued 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 (HURN) traded up $0.45 during midday trading on Wednesday, hitting $41.85. 47,818 shares of the stock traded hands, compared to its average volume of 84,256. Huron Consulting Group has a 1-year low of $29.52 and a 1-year high of $47.45. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a market cap of $926.12, a price-to-earnings ratio of -6.56, a PEG ratio of 1.13 and a beta of 0.12.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings results on Wednesday, November 1st. The business services provider reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.12). Huron Consulting Group had a net margin of 2.13% and a return on equity of 3.18%. The business had revenue of $176.40 million during the quarter, compared to analyst estimates of $181.27 million. During the same period last year, the firm posted $0.92 earnings per share. The company’s quarterly revenue was down 3.8% on a year-over-year basis. equities research analysts expect that Huron Consulting Group will post 2.22 earnings per share for the current year.

Large investors have recently modified their holdings of the stock. Trexquant Investment LP bought a new stake in Huron Consulting Group in the 3rd quarter valued at about $200,000. Nisa Investment Advisors LLC lifted its position in Huron Consulting Group by 100.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,000 shares of the business services provider’s stock valued at $243,000 after purchasing an additional 3,000 shares during the last quarter. Unison Advisors LLC bought a new stake in Huron Consulting Group in the 4th quarter valued at about $244,000. Cubist Systematic Strategies LLC bought a new stake in Huron Consulting Group in the 3rd quarter valued at about $211,000. Finally, SG Americas Securities LLC lifted its position in Huron Consulting Group by 109.3% in the 3rd quarter. SG Americas Securities LLC now owns 7,150 shares of the business services provider’s stock valued at $245,000 after purchasing an additional 3,734 shares during the last quarter. Hedge funds and other institutional investors own 89.70% of the company’s stock.

WARNING: This report was first posted by American Banking News and is the property of of American Banking News. If you are reading this report on another website, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this report can be viewed at https://www.americanbankingnews.com/2018/01/28/huron-consulting-group-hurn-upgraded-to-hold-by-zacks-investment-research.html.

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.

Get a free copy of the Zacks research report on Huron Consulting Group (HURN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Huron Consulting Group (NASDAQ:HURN)

Receive News & Ratings for Huron Consulting Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huron Consulting Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply