Zacks: CRA International, Inc. (CRAI) Receives Average Recommendation of “Hold” from Brokerages

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CRA International, Inc. (NASDAQ:CRAI) has been given a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Zacks has also assigned CRA International an industry rank of 168 out of 255 based on the ratings given to related companies.

A number of equities research analysts recently weighed in on CRAI shares. BidaskClub upgraded shares of CRA International from a “strong sell” rating to a “sell” rating in a report on Friday, February 15th. Zacks Investment Research upgraded shares of CRA International from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Thursday, February 7th. Finally, ValuEngine lowered shares of CRA International from a “hold” rating to a “sell” rating in a report on Friday, November 16th.

Shares of CRA International stock traded up $1.53 during trading on Friday, hitting $51.95. The company’s stock had a trading volume of 58,169 shares, compared to its average volume of 38,500. CRA International has a 52 week low of $39.23 and a 52 week high of $58.75. The stock has a market cap of $394.47 million, a price-to-earnings ratio of 18.89 and a beta of 0.90.

CRA International (NASDAQ:CRAI) last issued its quarterly earnings data on Thursday, February 28th. The business services provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.21. The company had revenue of $108.80 million for the quarter, compared to analysts’ expectations of $104.63 million. CRA International had a net margin of 5.39% and a return on equity of 11.89%. CRA International’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.70 earnings per share. As a group, equities research analysts anticipate that CRA International will post 2.68 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Tuesday, March 12th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Monday, March 11th. CRA International’s payout ratio is currently 29.09%.

In other CRA International news, Director Rowland Moriarty sold 3,785 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $50.74, for a total value of $192,050.90. Following the sale, the director now directly owns 29,847 shares in the company, valued at approximately $1,514,436.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul A. Maleh sold 25,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $48.46, for a total transaction of $1,211,500.00. Following the completion of the sale, the insider now owns 119,870 shares in the company, valued at $5,808,900.20. The disclosure for this sale can be found here. Insiders have sold a total of 36,000 shares of company stock worth $1,765,217 over the last 90 days. 4.90% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. California Public Employees Retirement System grew its stake in shares of CRA International by 2.5% in the fourth quarter. California Public Employees Retirement System now owns 37,293 shares of the business services provider’s stock worth $1,587,000 after acquiring an additional 920 shares during the period. Teachers Advisors LLC raised its position in shares of CRA International by 8.4% in the 3rd quarter. Teachers Advisors LLC now owns 18,029 shares of the business services provider’s stock valued at $905,000 after purchasing an additional 1,399 shares during the last quarter. Thomson Horstmann & Bryant Inc. raised its position in shares of CRA International by 1.0% in the 3rd quarter. Thomson Horstmann & Bryant Inc. now owns 140,144 shares of the business services provider’s stock valued at $7,038,000 after purchasing an additional 1,407 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of CRA International by 1.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 85,088 shares of the business services provider’s stock valued at $4,274,000 after purchasing an additional 1,455 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its position in shares of CRA International by 296.4% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 2,981 shares of the business services provider’s stock valued at $127,000 after purchasing an additional 2,229 shares during the last quarter. Institutional investors and hedge funds own 84.41% of the company’s stock.

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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