CRA International, Inc. (NASDAQ:CRAI) Receives $59.00 Average PT from Analysts

Shares of CRA International, Inc. (NASDAQ:CRAI) have received a consensus rating of “Hold” from the six research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $59.00.

A number of brokerages have commented on CRAI. Barrington Research boosted their price objective on CRA International from $53.00 to $59.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. ValuEngine lowered CRA International from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. BidaskClub upgraded CRA International from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, William Blair reissued a “market perform” rating on shares of CRA International in a research report on Friday, November 1st.

Shares of CRAI stock traded up $0.05 during mid-day trading on Friday, reaching $51.31. The company’s stock had a trading volume of 41,000 shares, compared to its average volume of 52,752. The company’s 50 day simple moving average is $48.14 and its 200-day simple moving average is $41.88. CRA International has a 12-month low of $34.24 and a 12-month high of $54.23. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $393.81 million, a PE ratio of 18.66, a price-to-earnings-growth ratio of 1.30 and a beta of 1.10.

CRA International (NASDAQ:CRAI) last announced its quarterly earnings results on Thursday, October 31st. The business services provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.31. CRA International had a net margin of 5.18% and a return on equity of 13.08%. The firm had revenue of $115.69 million during the quarter, compared to analysts’ expectations of $110.48 million. During the same period in the prior year, the company earned $0.65 EPS. The firm’s revenue was up 11.4% on a year-over-year basis. As a group, research analysts anticipate that CRA International will post 3.03 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Tuesday, November 26th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.92 annualized dividend and a dividend yield of 1.79%. CRA International’s dividend payout ratio (DPR) is presently 33.45%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. grew its stake in shares of CRA International by 55.3% during the third quarter. Russell Investments Group Ltd. now owns 216,202 shares of the business services provider’s stock valued at $9,077,000 after acquiring an additional 77,013 shares in the last quarter. Pembroke Management LTD increased its position in shares of CRA International by 24.3% during the second quarter. Pembroke Management LTD now owns 274,537 shares of the business services provider’s stock worth $10,523,000 after acquiring an additional 53,587 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in shares of CRA International in the second quarter worth about $563,000. Panagora Asset Management Inc. lifted its stake in shares of CRA International by 2.7% in the second quarter. Panagora Asset Management Inc. now owns 93,920 shares of the business services provider’s stock worth $3,600,000 after acquiring an additional 2,495 shares in the last quarter. Finally, California Public Employees Retirement System lifted its stake in shares of CRA International by 8.5% in the third quarter. California Public Employees Retirement System now owns 29,748 shares of the business services provider’s stock worth $1,249,000 after acquiring an additional 2,334 shares in the last quarter. 84.76% of the stock is currently owned by hedge funds and other institutional investors.

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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