CRA International, Inc. (NASDAQ:CRAI) has been assigned a consensus recommendation of “Hold” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $59.00.
Several equities analysts have weighed in on CRAI shares. William Blair restated a “market perform” rating on shares of CRA International in a research note on Friday, November 1st. TheStreet upgraded shares of CRA International from a “c+” rating to a “b-” rating in a research note on Tuesday, August 6th. BidaskClub downgraded shares of CRA International from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Barrington Research raised their price target on shares of CRA International from $53.00 to $59.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, ValuEngine cut shares of CRA International from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th.
Several institutional investors and hedge funds have recently modified their holdings of CRAI. Metropolitan Life Insurance Co NY grew its stake in CRA International by 14.3% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 3,061 shares of the business services provider’s stock valued at $128,000 after purchasing an additional 382 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of CRA International by 5.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 3,961 shares of the business services provider’s stock worth $166,000 after buying an additional 199 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings 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 buying an additional 77,013 shares during the last quarter. California Public Employees Retirement System grew its position in CRA International by 8.5% during the third quarter. California Public Employees Retirement System now owns 29,748 shares of the business services provider’s stock valued at $1,249,000 after buying an additional 2,334 shares during the period. Finally, Pembroke Management LTD grew its position in CRA International by 16.6% during the third quarter. Pembroke Management LTD now owns 320,159 shares of the business services provider’s stock valued at $13,437,000 after buying an additional 45,622 shares during the period. 84.76% of the stock is owned by institutional investors.
Shares of NASDAQ CRAI opened at $51.24 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.05 and a quick ratio of 1.05. The company has a 50-day moving average price of $47.76 and a 200-day moving average price of $41.79. The stock has a market capitalization of $396.80 million, a P/E ratio of 16.59, a P/E/G ratio of 1.30 and a beta of 1.10. CRA International has a 1 year low of $34.24 and a 1 year high of $54.23.
CRA International (NASDAQ:CRAI) last posted its earnings results on Thursday, October 31st. The business services provider reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.31. The company had revenue of $115.69 million for the quarter, compared to analyst estimates of $110.48 million. CRA International had a net margin of 5.18% and a return on equity of 13.08%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.65 EPS. As a group, equities research analysts anticipate that CRA International will post 3.03 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Tuesday, November 26th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Monday, November 25th. CRA International’s dividend payout ratio is presently 33.45%.
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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