CRA International,Inc. (CRAI) Stock Rating Lowered by ValuEngine

CRA International,Inc. (NASDAQ:CRAI) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Separately, Zacks Investment Research upgraded CRA International,Inc. from a “hold” rating to a “strong-buy” rating and set a $49.00 price target for the company in a research report on Monday, October 30th.

Shares of CRA International,Inc. (NASDAQ CRAI) traded down $0.02 during mid-day trading on Friday, reaching $45.18. The company’s stock had a trading volume of 62,029 shares, compared to its average volume of 54,775. CRA International,Inc. has a one year low of $31.77 and a one year high of $47.30. The firm has a market cap of $366.37, a price-to-earnings ratio of 30.95 and a beta of 0.79.

CRA International,Inc. (NASDAQ:CRAI) last announced its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.03. CRA International,Inc. had a return on equity of 5.98% and a net margin of 3.39%. The company had revenue of $91.30 million during the quarter, compared to analyst estimates of $90.36 million. During the same quarter in the previous year, the firm posted $0.39 EPS. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. research analysts expect that CRA International,Inc. will post 1.56 EPS for the current fiscal year.

In other news, Director Rowland Moriarty sold 10,000 shares of the business’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $46.10, for a total value of $461,000.00. Following the sale, the director now owns 38,471 shares of the company’s stock, valued at approximately $1,773,513.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul A. Maleh sold 13,300 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $43.16, for a total value of $574,028.00. Following the completion of the sale, the insider now directly owns 116,619 shares in the company, valued at approximately $5,033,276.04. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock worth $1,108,417 in the last three months. Company insiders own 4.70% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. raised its stake in shares of CRA International,Inc. by 29.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 242,672 shares of the business services provider’s stock worth $8,814,000 after buying an additional 54,614 shares in the last quarter. State Street Corp raised its stake in shares of CRA International,Inc. by 13.0% in the 2nd quarter. State Street Corp now owns 175,918 shares of the business services provider’s stock worth $6,392,000 after buying an additional 20,293 shares in the last quarter. Foundry Partners LLC raised its stake in shares of CRA International,Inc. by 8.5% in the 3rd quarter. Foundry Partners LLC now owns 141,085 shares of the business services provider’s stock worth $5,792,000 after buying an additional 11,070 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of CRA International,Inc. by 2.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 96,667 shares of the business services provider’s stock worth $3,511,000 after buying an additional 2,258 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of CRA International,Inc. by 5.2% in the 1st quarter. Geode Capital Management LLC now owns 70,652 shares of the business services provider’s stock worth $2,496,000 after buying an additional 3,517 shares in the last quarter. 85.07% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “CRA International,Inc. (CRAI) Stock Rating Lowered by ValuEngine” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The original version of this piece can be accessed at https://www.com-unik.info/2017/12/03/cra-internationalinc-crai-stock-rating-lowered-by-valuengine.html.

CRA International,Inc. Company Profile

CRA International, Inc is a global consulting firm. The Company provides economic, financial and management consulting services. The Company consulting services in two areas: litigation, regulatory, and financial consulting and management consulting. The Company provides services, such as economic capability, analyses and testimony in areas, such as Antitrust & Competition; Damages & Valuation; Financial Accounting & Valuation; Financial Economics; Forensic & Cyber Investigations; Insurance Economics; Intellectual Property; International Arbitration; Labor & Employment; Mergers & Acquisitions; Regulatory Economics & Compliance; Securities & Financial Markets, and Transfer Pricing.

What are top analysts saying about CRA InternationalInc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for CRA InternationalInc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit