In a report released today, Kevin Steinke from Barrington maintained a Buy rating on Huron Consulting (HURN), with a price target of $57. The company’s shares opened today at $46.40.
Steinke noted:
“We maintain our 12-month price target of $57, which assumes an EV/NTM EBITDA multiple of 13.5x one year from now. Based on our estimates, the stock currently trades at an EV/NTM EBITDA multiple of 12.7x, and the peer group average multiple is 14.3x. Our investment rating is OUTPERFORM. Opinion OUTPERFORM (12 mo) $57 24% LT EPS Cap (mil) $1,022 Enterprise Value (mil) $1,293 Shares Outstanding (mil) 22.3 Volume 91,812 Financial / Valuation Adjusted ROE (LTM) 8.8% LT Debt/Capital 36.1% EV/Adj.”
According to TipRanks.com, Steinke is a 1-star analyst with an average return of -2.1% and a 46.8% success rate. Steinke covers the Services sector, focusing on stocks such as Echo Global Logistics, Heidrick & Struggles, and Navigant Consulting.
Currently, the analyst consensus on Huron Consulting is a Moderate Buy with an average price target of $58.50, implying a 26.1% upside from current levels. In a report issued on February 27, SunTrust Robinson also maintained a Buy rating on the stock with a $60 price target.
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Huron Consulting’s market cap is currently $1.03B and has a P/E ratio of 74.55. The company has a Price to Book ratio of 1.91.
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Huron Consulting Group, Inc. engages in the provision of operational and financial consulting services. It operates through the following business segments: Healthcare, Education, Business Advisory, and All Other.
