Deutsche Bank Raises PT on Huron (HURN) to $41
Deutsche Bank today reiterated a Buy rating on Huron Consulting Group (NASDAQ: HURN) and raised its price target to $41.00 (from $39.00).
"We think 2013 guidance is conservative and are now at the high end. We are lowering our 1Q EPS from $0.49 to $0.38 and decreasing our '13E -6% from $2.77 to $2.61. Despite our lower EPS, our FCF per share actually rises for ‘13E from $3.30 to $3.35. We think HURN should trade on 12x-13x P/FCF, not its current <10x trailing," said analyst Paul Ginocchio.
For an analyst ratings summary and ratings history on Huron Consulting Group click here. For more ratings news on Huron Consulting Group click here.
Shares of Huron Consulting Group closed at $35.45 yesterday, with a 52 week range of $28.49-$40.00.
"We think 2013 guidance is conservative and are now at the high end. We are lowering our 1Q EPS from $0.49 to $0.38 and decreasing our '13E -6% from $2.77 to $2.61. Despite our lower EPS, our FCF per share actually rises for ‘13E from $3.30 to $3.35. We think HURN should trade on 12x-13x P/FCF, not its current <10x trailing," said analyst Paul Ginocchio.
For an analyst ratings summary and ratings history on Huron Consulting Group click here. For more ratings news on Huron Consulting Group click here.
Shares of Huron Consulting Group closed at $35.45 yesterday, with a 52 week range of $28.49-$40.00.