CRA International (NASDAQ:CRAI – Get Free Report) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.
CRA International Stock Performance
Shares of CRAI opened at $189.29 on Thursday. The business’s 50-day moving average is $172.58 and its two-hundred day moving average is $168.11. The company has a market capitalization of $1.31 billion, a P/E ratio of 30.93, a P/E/G ratio of 1.66 and a beta of 1.14. CRA International has a fifty-two week low of $81.29 and a fifty-two week high of $198.02.
CRA International (NASDAQ:CRAI – Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The business services provider reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.34. The company had revenue of $171.44 million for the quarter, compared to the consensus estimate of $167.87 million. CRA International had a return on equity of 22.37% and a net margin of 6.17%. During the same period last year, the firm earned $1.42 EPS. Analysts forecast that CRA International will post 6.93 EPS for the current year.
Insider Activity
Institutional Investors Weigh In On CRA International
Several institutional investors have recently bought and sold shares of CRAI. SG Americas Securities LLC acquired a new stake in CRA International in the 1st quarter worth about $115,000. Marshall Wace LLP acquired a new stake in CRA International in the 2nd quarter worth about $221,000. Kennedy Capital Management LLC boosted its holdings in CRA International by 3.6% in the 1st quarter. Kennedy Capital Management LLC now owns 3,324 shares of the business services provider’s stock worth $497,000 after buying an additional 117 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in CRA International by 2.5% in the 2nd quarter. Arkadios Wealth Advisors now owns 3,000 shares of the business services provider’s stock worth $517,000 after buying an additional 74 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in CRA International by 12.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 3,009 shares of the business services provider’s stock worth $518,000 after buying an additional 324 shares during the last quarter. 84.13% of the stock is currently owned by institutional investors and hedge funds.
CRA International Company Profile
CRA International, Inc, together with its subsidiaries, provides economic, financial, and management consulting services worldwide. 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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