CRA International (NASDAQ:CRAI) Price Target Raised to $186.00

CRA International (NASDAQ:CRAI) had its target price raised by Barrington Research from $151.00 to $186.00 in a research report released on Monday morning, Benzinga reports. They currently have an outperform rating on the business services provider’s stock. Barrington Research also issued estimates for CRA International’s Q2 2024 earnings at $1.55 EPS, Q3 2024 earnings at $1.41 EPS, Q4 2024 earnings at $1.42 EPS, FY2024 earnings at $6.33 EPS and FY2025 earnings at $6.76 EPS.

Separately, StockNews.com cut CRA International from a strong-buy rating to a buy rating in a research note on Friday, May 3rd.

CRA International Trading Down 1.5 %

Shares of NASDAQ:CRAI opened at $169.58 on Monday. The stock has a market capitalization of $1.17 billion, a P/E ratio of 27.71, a P/E/G ratio of 1.79 and a beta of 1.22. CRA International has a 1-year low of $81.29 and a 1-year high of $178.52. The business has a 50-day moving average price of $151.48 and a two-hundred day moving average price of $121.82.

CRA International (NASDAQ:CRAI) last posted its earnings results on Thursday, February 29th. The business services provider reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.53. CRA International had a return on equity of 20.80% and a net margin of 6.73%. The company had revenue of $161.61 million during the quarter, compared to analyst estimates of $149.51 million. As a group, equities analysts predict that CRA International will post 6.1 EPS for the current year.

CRA International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Tuesday, May 28th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, May 24th. CRA International’s dividend payout ratio is currently 27.45%.

Insider Transactions at CRA International

In other news, Director Thomas Aiken Avery sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $138.05, for a total transaction of $138,050.00. Following the sale, the director now owns 15,504 shares in the company, valued at approximately $2,140,327.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Thomas Aiken Avery sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $138.05, for a total transaction of $138,050.00. Following the sale, the director now owns 15,504 shares in the company, valued at approximately $2,140,327.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Paul A. Maleh sold 7,500 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $138.66, for a total value of $1,039,950.00. Following the completion of the sale, the chief executive officer now owns 170,280 shares in the company, valued at approximately $23,611,024.80. The disclosure for this sale can be found here. Insiders have sold a total of 13,250 shares of company stock worth $1,897,235 in the last 90 days. Corporate insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On CRA International

A number of large investors have recently added to or reduced their stakes in the business. Swedbank AB bought a new stake in CRA International in the 1st quarter valued at $26,924,000. Foundry Partners LLC raised its stake in CRA International by 7.5% in the 4th quarter. Foundry Partners LLC now owns 46,555 shares of the business services provider’s stock valued at $4,602,000 after acquiring an additional 3,245 shares during the period. Isthmus Partners LLC raised its stake in CRA International by 55.3% in the 1st quarter. Isthmus Partners LLC now owns 28,675 shares of the business services provider’s stock valued at $4,289,000 after acquiring an additional 10,213 shares during the period. Spinnaker Trust bought a new stake in CRA International in the 4th quarter valued at $1,953,000. Finally, Russell Investments Group Ltd. grew its holdings in CRA International by 21.9% in the 1st quarter. Russell Investments Group Ltd. now owns 10,630 shares of the business services provider’s stock valued at $1,590,000 after buying an additional 1,912 shares in the last quarter. Institutional investors own 84.13% of the company’s stock.

CRA International Company Profile

CRA International, Inc, together with its subsidiaries, provides economic, financial, and management consulting services worldwide. It advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides corporations through business strategy and performance-related issues.