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

Huron Consulting Group (NASDAQ:HURN - Get Free Report) had its price objective upped by research analysts at Truist Financial from $165.00 to $180.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the business services provider's stock. Truist Financial's price target suggests a potential upside of 23.75% from the company's current price.

Several other analysts also recently weighed in on HURN. Barrington Research boosted their price target on shares of Huron Consulting Group from $142.00 to $167.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. William Blair restated an "outperform" rating on shares of Huron Consulting Group in a report on Wednesday, February 26th. Benchmark upped their price target on shares of Huron Consulting Group from $140.00 to $165.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Finally, Wedbush began coverage on shares of Huron Consulting Group in a research report on Monday, February 3rd. They set an "outperform" rating for the company. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $155.50.

Huron Consulting Group Price Performance

Huron Consulting Group stock traded down $2.42 during mid-day trading on Tuesday, hitting $145.46. 204,366 shares of the company traded hands, compared to its average volume of 119,763. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.61 and a current ratio of 1.61. Huron Consulting Group has a one year low of $84.26 and a one year high of $153.85. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 31.62 and a beta of 0.59. The stock has a fifty day moving average price of $129.11 and a 200-day moving average price of $119.15.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.52 by $0.38. The company had revenue of $399.31 million during the quarter, compared to the consensus estimate of $380.62 million. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. On average, equities analysts predict that Huron Consulting Group will post 6.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Huron Consulting Group news, CEO C. Mark Hussey sold 27,672 shares of Huron Consulting Group stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $145.91, for a total value of $4,037,621.52. Following the completion of the transaction, the chief executive officer now directly owns 81,118 shares of the company's stock, valued at approximately $11,835,927.38. The trade was a 25.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James H. Roth sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $123.69, for a total transaction of $247,380.00. Following the sale, the director now directly owns 50,534 shares of the company's stock, valued at $6,250,550.46. This trade represents a 3.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,214 shares of company stock valued at $6,680,358 over the last ninety days. Company insiders own 2.02% of the company's stock.

Institutional Investors Weigh In On Huron Consulting Group

Hedge funds have recently modified their holdings of the business. Heck Capital Advisors LLC purchased a new position in shares of Huron Consulting Group during the 4th quarter valued at about $33,000. Tower Research Capital LLC TRC lifted its holdings in Huron Consulting Group by 27.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider's stock valued at $71,000 after purchasing an additional 122 shares in the last quarter. Assetmark Inc. boosted its position in shares of Huron Consulting Group by 7.0% in the third quarter. Assetmark Inc. now owns 1,373 shares of the business services provider's stock worth $149,000 after purchasing an additional 90 shares during the period. Cibc World Markets Corp bought a new stake in shares of Huron Consulting Group during the 4th quarter valued at $204,000. Finally, Xponance Inc. purchased a new position in shares of Huron Consulting Group during the 4th quarter valued at $204,000. Institutional investors own 93.90% of the company's stock.

About Huron Consulting Group

Huron Consulting Group Inc, a professional services firm, provides consultancy services in the United States and internationally. It operates through three segments: Healthcare, Education, and Commercial. The Healthcare segment provides financial and operational performance improvement consulting services; digital offerings, spanning technology and analytic-related services; software products; organizational transformation services; revenue cycle managed and outsourcing services; financial and capital advisory consulting services; and strategy and innovation consulting services to national and regional health systems, academic and community health systems, federal health system, public, children's and critical access hospitals, physician practices and medical groups, payors, and long-term care or post-acute providers.