Zacks: Brokerages Set $65.00 Target Price for CRA International, Inc. (NASDAQ:CRAI)

CRA International, Inc. (NASDAQ:CRAI) has been given a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company. CRA International’s rating score has improved by 33.3% in the last 90 days as a result of a number of analysts’ ratings changes.

Analysts have set a 12 month consensus price target of $65.00 for the company and are expecting that the company will post $0.67 EPS for the current quarter, according to Zacks. Zacks has also given CRA International an industry rank of 54 out of 256 based on the ratings given to related companies.

A number of research firms have commented on CRAI. Zacks Investment Research downgraded CRA International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 30th. BidaskClub raised CRA International from a “sell” rating to a “hold” rating in a research note on Friday, June 28th. Barrington Research reaffirmed a “buy” rating and set a $53.00 price target on shares of CRA International in a research note on Friday, August 2nd. TheStreet raised CRA International from a “c+” rating to a “b-” rating in a research note on Tuesday, August 6th. Finally, ValuEngine downgraded CRA International from a “sell” rating to a “strong sell” rating in a research note on Friday, May 3rd.

CRA International stock traded up $0.77 during midday trading on Monday, reaching $42.13. The company’s stock had a trading volume of 63,380 shares, compared to its average volume of 54,327. CRA International has a fifty-two week low of $34.24 and a fifty-two week high of $58.75. The company has a quick ratio of 1.12, a current ratio of 1.08 and a debt-to-equity ratio of 0.65. The company’s 50 day simple moving average is $39.55. The company has a market capitalization of $328.10 million, a price-to-earnings ratio of 15.32, a PEG ratio of 1.19 and a beta of 1.11.

CRA International (NASDAQ:CRAI) last released its earnings results on Thursday, August 1st. The business services provider reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. CRA International had a return on equity of 11.76% and a net margin of 4.90%. The company had revenue of $110.60 million during the quarter, compared to the consensus estimate of $110.95 million. During the same quarter last year, the company earned $0.67 earnings per share. CRA International’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, equities analysts predict that CRA International will post 2.68 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, August 27th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.90%. The ex-dividend date is Monday, August 26th. CRA International’s payout ratio is 29.09%.

Hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA raised its stake in CRA International by 360.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,645 shares of the business services provider’s stock valued at $83,000 after purchasing an additional 1,288 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in CRA International in the 1st quarter valued at about $92,000. SG Americas Securities LLC purchased a new stake in CRA International in the 1st quarter valued at about $116,000. Metropolitan Life Insurance Co. NY grew its holdings in 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 buying an additional 2,229 shares during the period. Finally, Sawgrass Asset Management LLC purchased a new stake in CRA International in the 1st quarter valued at about $258,000. 86.63% of the stock is owned by hedge funds and other institutional investors.

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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