Shares of CRA International, Inc. (NASDAQ:CRAI) have received an average rating of “Hold” from the six analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $59.00.
A number of research analysts have commented on the company. TheStreet upgraded CRA International from a “c+” rating to a “b-” rating in a research note on Tuesday, August 6th. BidaskClub upgraded CRA International from a “hold” rating to a “buy” rating in a research note on Friday. William Blair restated a “market perform” rating on shares of CRA International in a research note on Friday, November 1st. Barrington Research boosted their target price on CRA International from $53.00 to $59.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, ValuEngine downgraded CRA International from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th.
CRAI stock traded up $0.34 during trading on Tuesday, reaching $52.17. 89,500 shares of the company’s stock were exchanged, compared to its average volume of 53,649. The firm has a market cap of $401.29 million, a PE ratio of 18.97, a P/E/G ratio of 1.32 and a beta of 1.09. CRA International has a 1-year low of $34.24 and a 1-year high of $54.23. The company has a quick ratio of 1.08, a current ratio of 1.05 and a debt-to-equity ratio of 0.66. The company’s fifty day moving average price is $43.76 and its 200-day moving average price is $41.26.
CRA International (NASDAQ:CRAI) last posted its quarterly earnings results on Thursday, October 31st. The business services provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.31. The firm had revenue of $115.69 million for the quarter, compared to analyst estimates of $110.48 million. CRA International had a return on equity of 13.08% and a net margin of 5.18%. CRA International’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 earnings per share. As a group, sell-side analysts expect that CRA International will post 3.03 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. grew its stake in CRA International by 55.3% in the third quarter. Russell Investments Group Ltd. now owns 216,202 shares of the business services provider’s stock valued at $9,077,000 after purchasing an additional 77,013 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of CRA International by 8.5% during the 3rd quarter. California Public Employees Retirement System now owns 29,748 shares of the business services provider’s stock worth $1,249,000 after acquiring an additional 2,334 shares in the last quarter. Pembroke Management LTD boosted its stake in shares of CRA International by 16.6% during the 3rd quarter. Pembroke Management LTD now owns 320,159 shares of the business services provider’s stock worth $13,437,000 after acquiring an additional 45,622 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of CRA International by 6.3% during the 3rd quarter. Rhumbline Advisers now owns 12,472 shares of the business services provider’s stock worth $523,000 after acquiring an additional 739 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its stake in shares of CRA International by 2.7% during the 2nd quarter. Panagora Asset Management Inc. now owns 93,920 shares of the business services provider’s stock worth $3,600,000 after acquiring an additional 2,495 shares in the last quarter. Hedge funds and other institutional investors own 85.24% of the company’s stock.
About CRA International
CRA International, Inc, a consulting company, provides economic, financial, and management consulting services in the United States, the United Kingdom, and internationally. It advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides corporations through business strategy and performance-related issues.
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