BidaskClub Downgrades CRA International,Inc. (CRAI) to Buy

CRA International,Inc. (NASDAQ:CRAI) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday.

A number of other equities research analysts have also recently commented on the company. Zacks Investment Research raised CRA International,Inc. from a “hold” rating to a “strong-buy” rating and set a $49.00 target price on the stock in a research note on Monday, October 30th. ValuEngine cut CRA International,Inc. from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

Shares of CRA International,Inc. (CRAI) opened at $45.13 on Tuesday. CRA International,Inc. has a 12 month low of $31.77 and a 12 month high of $47.30. The company has a market capitalization of $367.26, a price-to-earnings ratio of 31.02 and a beta of 0.79.

CRA International,Inc. (NASDAQ:CRAI) last released its earnings results on Thursday, October 26th. The business services provider reported $0.41 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $91.30 million for the quarter, compared to analysts’ expectations of $90.36 million. During the same period in the prior year, the firm posted $0.39 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. analysts anticipate that CRA International,Inc. will post 1.56 EPS for the current fiscal year.

In related news, CFO Chad M. Holmes sold 1,700 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $43.17, for a total transaction of $73,389.00. Following the sale, the chief financial officer now directly owns 11,055 shares of the company’s stock, valued at $477,244.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Paul A. Maleh sold 13,300 shares of the stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $43.16, for a total value of $574,028.00. Following the sale, the insider now directly owns 116,619 shares in the company, valued at $5,033,276.04. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock worth $1,108,417 over the last ninety days. 4.70% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in CRAI. SG Americas Securities LLC purchased a new stake in shares of CRA International,Inc. during the third quarter valued at $128,000. Public Employees Retirement System of Ohio purchased a new stake in shares of CRA International,Inc. during the second quarter valued at $156,000. Nordea Investment Management AB boosted its position in shares of CRA International,Inc. by 31.7% during the second quarter. Nordea Investment Management AB now owns 5,400 shares of the business services provider’s stock valued at $196,000 after buying an additional 1,300 shares during the last quarter. Sawgrass Asset Management LLC purchased a new stake in shares of CRA International,Inc. during the third quarter valued at $385,000. Finally, Ameriprise Financial Inc. purchased a new stake in shares of CRA International,Inc. during the second quarter valued at $444,000. 85.17% of the stock is currently owned by institutional investors.

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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.

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