Barrington analyst Kevin Steinke upgraded Huron Consulting (NASDAQ: HURN) to Buy today and set a price target of $55. The company’s shares closed yesterday at $48.75, close to its 52-week high of $48.95.
Steinke noted:
“We are establishing a 12-month price target of $55, which assumes an EV/NTM EBITDA multiple 14x, similar to the current multiple of 14.2x (based on our estimates). Opinion OUTPERFORM (12 mo) $55 13% LT EPS Cap (mil) $1,424 Enterprise Value (mil) $1,069 Shares Outstanding (mil) 21.9 Volume 118,870 Financial / Valuation Adjusted ROE (LTM) 7.9% LT Debt/Capital 41.3% EV/Adj. EBITDA (LTM) 15.6x Price/Sales (LTM) 1.4x Kevin M. Steinke, CFA (312) 634-6392 FactSet Research Systems Revenue ($ mil)(est. in Adjusted EPS ($)(est.”
According to TipRanks.com, Steinke is a 4-star analyst with an average return of 7.5% and a 65.3% success rate. Steinke covers the Services sector, focusing on stocks such as Cross Country Healthcare, Echo Global Logistics, and Heidrick & Struggles.
Huron Consulting has an analyst consensus of Strong Buy, with a price target consensus of $53.
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The company has a one-year high of $48.95 and a one-year low of $29.53. Currently, Huron Consulting has an average volume of 115.6K.
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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.
