Huron Consulting Group (NASDAQ:HURN) Price Target Raised to $167.00

Huron Consulting Group (NASDAQ:HURN) had its price target raised by equities researchers at Barrington Research from $142.00 to $167.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. Barrington Research’s price objective would indicate a potential upside of 9.54% from the company’s previous close. Barrington Research also issued estimates for Huron Consulting Group’s Q1 2025 earnings at $1.14 EPS, Q2 2025 earnings at $1.82 EPS, Q3 2025 earnings at $1.95 EPS, Q4 2025 earnings at $2.10 EPS, FY2025 earnings at $7.00 EPS and FY2026 earnings at $8.03 EPS.

Several other research firms also recently commented on HURN. StockNews.com upgraded Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Truist Financial restated a “buy” rating and set a $165.00 price objective (up from $140.00) on shares of Huron Consulting Group in a report on Wednesday. William Blair restated an “outperform” rating on shares of Huron Consulting Group in a report on Wednesday. Wedbush began coverage on Huron Consulting Group in a report on Monday, February 3rd. They issued an “outperform” rating on the stock. Finally, Benchmark lifted their price target on Huron Consulting Group from $140.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $151.75.

Huron Consulting Group Price Performance

Shares of HURN stock opened at $152.46 on Thursday. The stock has a 50 day moving average price of $126.92 and a 200 day moving average price of $117.81. The firm has a market capitalization of $2.70 billion, a P/E ratio of 33.14 and a beta of 0.59. Huron Consulting Group has a 52-week low of $84.26 and a 52-week high of $153.77. 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 (NASDAQ:HURN) last released its quarterly earnings data on Tuesday, February 25th. The business services provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.52 by $0.38. The company had revenue of $399.31 million for the quarter, compared to the consensus estimate of $380.62 million. Huron Consulting Group had a return on equity of 21.51% and a net margin of 5.80%. As a group, sell-side analysts predict that Huron Consulting Group will post 6.1 earnings per share for the current year.

Insider Activity

In related news, Director H Eugene Lockhart sold 1,042 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $122.81, for a total transaction of $127,968.02. Following the transaction, the director now directly owns 26,756 shares in the company, valued at $3,285,904.36. The trade was a 3.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John Mccartney sold 500 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $124.65, for a total value of $62,325.00. Following the transaction, the director now owns 56,688 shares in the company, valued at approximately $7,066,159.20. This trade represents a 0.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,084 shares of company stock worth $2,942,539. 2.02% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jennison Associates LLC grew its stake in Huron Consulting Group by 4.8% during the 4th quarter. Jennison Associates LLC now owns 601,335 shares of the business services provider’s stock worth $74,722,000 after buying an additional 27,329 shares during the last quarter. Wellington Management Group LLP grew its stake in Huron Consulting Group by 0.9% during the 4th quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider’s stock worth $67,503,000 after buying an additional 4,946 shares during the last quarter. Sunriver Management LLC lifted its position in Huron Consulting Group by 10.7% during the 4th quarter. Sunriver Management LLC now owns 486,597 shares of the business services provider’s stock worth $60,465,000 after acquiring an additional 46,968 shares during the period. Franklin Resources Inc. lifted its position in Huron Consulting Group by 16.4% during the 4th quarter. Franklin Resources Inc. now owns 460,650 shares of the business services provider’s stock worth $57,240,000 after acquiring an additional 64,862 shares during the period. Finally, State Street Corp lifted its position in Huron Consulting Group by 2.1% during the 3rd quarter. State Street Corp now owns 445,694 shares of the business services provider’s stock worth $48,447,000 after acquiring an additional 8,972 shares during the period. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

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.