CRA International,Inc. (CRAI) Receives Average Rating of “Hold” from Brokerages
CRA International,Inc. (NASDAQ:CRAI) has received an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Zacks has also assigned CRA International,Inc. an industry rank of 71 out of 265 based on the ratings given to related companies.
CRAI has been the topic of several research reports. BidaskClub raised shares of CRA International,Inc. from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Zacks Investment Research raised shares of CRA International,Inc. from a “hold” rating to a “strong-buy” rating and set a $45.00 price target on the stock in a research note on Monday, July 31st.
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CRA International,Inc. (NASDAQ:CRAI) traded down 0.44% during trading on Wednesday, reaching $42.55. 22,146 shares of the company were exchanged. The company has a market capitalization of $349.93 million, a P/E ratio of 30.48 and a beta of 0.78. CRA International,Inc. has a one year low of $26.48 and a one year high of $43.43. The firm’s 50-day moving average is $39.52 and its 200 day moving average is $36.67.
CRA International,Inc. (NASDAQ:CRAI) last posted its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.48 EPS for the quarter, topping the consensus estimate of $0.41 by $0.07. The firm had revenue of $93.56 million for the quarter, compared to the consensus estimate of $88.77 million. CRA International,Inc. had a net margin of 3.47% and a return on equity of 5.89%. The business’s revenue was up 13.3% compared to the same quarter last year. During the same period last year, the firm posted $0.40 earnings per share. On average, analysts anticipate that CRA International,Inc. will post $1.55 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of CRAI. Public Employees Retirement System of Ohio purchased a new position in shares of CRA International,Inc. during the second quarter worth approximately $156,000. Nordea Investment Management AB raised its stake 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 worth $196,000 after acquiring an additional 1,300 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of CRA International,Inc. during the first quarter worth approximately $312,000. Ameriprise Financial Inc. purchased a new position in shares of CRA International,Inc. during the second quarter worth approximately $444,000. Finally, New York State Common Retirement Fund raised its stake in shares of CRA International,Inc. by 48.0% during the second quarter. New York State Common Retirement Fund now owns 12,286 shares of the business services provider’s stock worth $446,000 after acquiring an additional 3,985 shares in the last quarter. 86.72% of the stock is currently owned by hedge funds and other institutional investors.
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.
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