CRA International,Inc. (NASDAQ:CRAI) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

Separately, Zacks Investment Research lowered CRA International,Inc. from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th.

CRA International,Inc. (NASDAQ CRAI) traded down 1.01% during mid-day trading on Wednesday, hitting $37.07. The stock had a trading volume of 42,467 shares. CRA International,Inc. has a 52 week low of $25.50 and a 52 week high of $40.00. The company’s 50 day moving average is $35.92 and its 200-day moving average is $35.35. The stock has a market capitalization of $312.43 million, a P/E ratio of 26.55 and a beta of 0.78.

CRA International,Inc. (NASDAQ:CRAI) last released its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.07. CRA International,Inc. had a return on equity of 5.88% and a net margin of 3.47%. The company had revenue of $93.56 million for the quarter, compared to analyst estimates of $88.77 million. During the same period in the previous year, the company posted $0.40 EPS. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, analysts expect that CRA International,Inc. will post $1.55 EPS for the current fiscal year.

CRA International,Inc. announced that its board has initiated a share repurchase plan on Thursday, May 4th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the business services provider to repurchase up to 6.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

ILLEGAL ACTIVITY WARNING: “CRA International,Inc. (NASDAQ:CRAI) Rating Increased to Buy at BidaskClub” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another website, it was illegally stolen and reposted in violation of US & international copyright & trademark laws. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/08/04/cra-internationalinc-nasdaqcrai-rating-increased-to-buy-at-bidaskclub.html.

Hedge funds have recently added to or reduced their stakes in the stock. LSV Asset Management raised its stake in CRA International,Inc. by 0.5% in the first quarter. LSV Asset Management now owns 252,446 shares of the business services provider’s stock worth $8,918,000 after buying an additional 1,156 shares during the last quarter. Russell Investments Group Ltd. raised its stake in CRA International,Inc. by 29.0% in the second 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 during the last quarter. State Street Corp raised its stake in CRA International,Inc. by 1.5% in the fourth quarter. State Street Corp now owns 156,775 shares of the business services provider’s stock worth $5,736,000 after buying an additional 2,329 shares during the last quarter. Bank of New York Mellon Corp raised its stake in CRA International,Inc. by 2.4% in the second 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 during the last quarter. Finally, Geode Capital Management LLC raised its stake in CRA International,Inc. by 5.2% in the first 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 during the last quarter. Institutional investors own 85.64% of the company’s stock.

About CRA International,Inc.

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.

Receive News & Stock Ratings for CRA InternationalInc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CRA InternationalInc. and related stocks with our FREE daily email newsletter.