CRA International, Inc. (NASDAQ:CRAI) has received an average recommendation of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $59.00.
A number of research analysts have commented on CRAI shares. Barrington Research increased their price objective on CRA International from $53.00 to $59.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. TheStreet upgraded CRA International from a “c+” rating to a “b-” rating in a research report on Tuesday, August 6th. BidaskClub upgraded CRA International from a “hold” rating to a “buy” rating in a research report on Friday. ValuEngine lowered CRA International from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Finally, William Blair reiterated a “market perform” rating on shares of CRA International in a research report on Friday, November 1st.
Several large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its position in shares of CRA International by 55.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 216,202 shares of the business services provider’s stock worth $9,077,000 after purchasing an additional 77,013 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of CRA International by 8.5% in 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 purchasing an additional 2,334 shares during the last quarter. Pembroke Management LTD boosted its position in shares of CRA International by 16.6% in the 3rd quarter. Pembroke Management LTD now owns 320,159 shares of the business services provider’s stock worth $13,437,000 after purchasing an additional 45,622 shares during the last quarter. Rhumbline Advisers boosted its position in shares of CRA International by 6.3% in the 3rd quarter. Rhumbline Advisers now owns 12,472 shares of the business services provider’s stock worth $523,000 after purchasing an additional 739 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its position in shares of CRA International by 2.7% in the 2nd quarter. Panagora Asset Management Inc. now owns 93,920 shares of the business services provider’s stock worth $3,600,000 after purchasing an additional 2,495 shares during the last quarter. Institutional investors and hedge funds own 85.24% of the company’s stock.
Shares of CRAI traded up $0.34 during mid-day trading on Tuesday, reaching $52.17. The company had a trading volume of 89,500 shares, compared to its average volume of 53,649. The company has a market capitalization of $401.29 million, a P/E ratio of 18.97, a P/E/G ratio of 1.32 and a beta of 1.09. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.05 and a quick ratio of 1.08. The company’s 50-day moving average is $43.76 and its 200-day moving average is $41.26. CRA International has a twelve month low of $34.24 and a twelve month high of $54.23.
CRA International (NASDAQ:CRAI) last announced its quarterly earnings data on Thursday, October 31st. The business services provider reported $0.98 EPS for the quarter, beating the Zacks’ 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%. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period last year, the company earned $0.65 EPS. As a group, equities analysts expect that CRA International will post 3.03 EPS for the current fiscal year.
CRA International Company Profile
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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