Benchmark Forecasts Strong Price Appreciation for Huron Consulting Group (NASDAQ:HURN) Stock

Huron Consulting Group (NASDAQ:HURN) had its target price hoisted by equities researchers at Benchmark from $180.00 to $215.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Benchmark’s price target would suggest a potential upside of 18.97% from the company’s previous close.

HURN has been the subject of several other research reports. Truist Financial boosted their price target on Huron Consulting Group from $180.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Wall Street Zen raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Huron Consulting Group in a report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Huron Consulting Group presently has an average rating of “Buy” and a consensus target price of $199.00.

Huron Consulting Group Stock Up 1.4%

Shares of Huron Consulting Group stock opened at $180.71 on Wednesday. Huron Consulting Group has a 12-month low of $120.25 and a 12-month high of $182.71. The firm has a market capitalization of $3.12 billion, a PE ratio of 30.27 and a beta of 0.18. 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 stock’s fifty day moving average is $166.61 and its 200-day moving average is $147.81.

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

Insider Activity

In other news, Director John Mccartney sold 500 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $164.20, for a total value of $82,100.00. Following the sale, the director directly owned 42,817 shares of the company’s stock, valued at approximately $7,030,551.40. This trade represents a 1.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO James Ronald Dail sold 662 shares of Huron Consulting Group stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $170.11, for a total value of $112,612.82. Following the completion of the transaction, the chief operating officer 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 25,970 shares of company stock valued at $4,232,162 over the last three months. Corporate insiders own 2.15% of the company’s stock.

Institutional Investors Weigh In On Huron Consulting Group

A number of institutional investors have recently added to or reduced their stakes in the company. Richardson Financial Services Inc. increased its stake in Huron Consulting Group by 68.1% during 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 during the period. Clearstead Advisors LLC grew its holdings in shares of Huron Consulting Group by 86.2% during the 3rd quarter. Clearstead Advisors LLC now owns 203 shares of the business services provider’s stock worth $30,000 after purchasing an additional 94 shares in the last quarter. Quarry LP bought a new stake in shares of Huron Consulting Group during the first quarter valued at approximately $31,000. Brown Brothers Harriman & Co. acquired a new position in shares of Huron Consulting Group in the third quarter valued at $35,000. Finally, Advisory Services Network LLC bought a new position in Huron Consulting Group in the third quarter worth $36,000. 93.90% of the stock is owned by institutional investors and hedge funds.

Huron Consulting Group Company Profile

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.