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Huron Acquires ADI Strategies' Assets to Expand Foothold
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Huron Consulting Group Inc.(HURN - Free Report) announced the completion of the acquisition of ADI Strategies, Inc.’s assets in Dubai and Pune. The financials of the deal are kept under wraps. Following the completion of this acquisition, the company’s stock remained flat at $41.55 per share.
The acquisition of ADI Strategies is likely to strengthen the company’s ability to deliver advisory and technology services to clients across various markets. This deal will help Huron expand its foothold and enhance its technology and analytics expertise. As a result, the company will be able to cater to more clients who use data-driven insights to augment their business decisions and achieve growth worldwide.
This acquisition is the second of its kind. Earlier, Huron acquired ADI Strategies’ U.S. assets on May 2, 2016. The international assets of ADI Strategies will operate under Huron’s Business Advisory segment.
On Mar 1, 2017, the company completed the buyout of growth strategy firm, Innosight Holdings, LLC. We expect this transaction to enhance Huron’s capabilities in the areas of strategic growth, innovation and transformation.
Huron outperformed the Zacks categorized Consulting Services industry in the last one month with an average gain of 0.2% against 6.9% decline for the latter. These acquisitions are likely to help the company boost its revenues going forward.
Huron is a global professional services firm that provides expertise in strategy, technology, operations, advisory services and analytics. It provides guidance to support organizations as they contend with the change transforming their industries and businesses.
CRA International has a long-term earnings growth expectation of 8%.
Exponent has long-term earnings growth expectation of 12% and is currently trading at a forward P/E of 32.8x.
CBIZ, Inc. is currently trading at a forward P/E of 17.04x .
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Huron Acquires ADI Strategies' Assets to Expand Foothold
Huron Consulting Group Inc.(HURN - Free Report) announced the completion of the acquisition of ADI Strategies, Inc.’s assets in Dubai and Pune. The financials of the deal are kept under wraps. Following the completion of this acquisition, the company’s stock remained flat at $41.55 per share.
The acquisition of ADI Strategies is likely to strengthen the company’s ability to deliver advisory and technology services to clients across various markets. This deal will help Huron expand its foothold and enhance its technology and analytics expertise. As a result, the company will be able to cater to more clients who use data-driven insights to augment their business decisions and achieve growth worldwide.
This acquisition is the second of its kind. Earlier, Huron acquired ADI Strategies’ U.S. assets on May 2, 2016. The international assets of ADI Strategies will operate under Huron’s Business Advisory segment.
On Mar 1, 2017, the company completed the buyout of growth strategy firm, Innosight Holdings, LLC. We expect this transaction to enhance Huron’s capabilities in the areas of strategic growth, innovation and transformation.
Huron outperformed the Zacks categorized Consulting Services industry in the last one month with an average gain of 0.2% against 6.9% decline for the latter. These acquisitions are likely to help the company boost its revenues going forward.
Huron is a global professional services firm that provides expertise in strategy, technology, operations, advisory services and analytics. It provides guidance to support organizations as they contend with the change transforming their industries and businesses.
Huron currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry include CBIZ, Inc. (CBZ - Free Report) , CRA International, Inc. (CRAI - Free Report) and Exponent Inc. (EXPO - Free Report) . All three stocks carry a Zacks Rank #2 (Buy).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
CRA International has a long-term earnings growth expectation of 8%.
Exponent has long-term earnings growth expectation of 12% and is currently trading at a forward P/E of 32.8x.
CBIZ, Inc. is currently trading at a forward P/E of 17.04x .
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>