CRA International, Inc. (CRAI) Given Average Rating of “Hold” by Brokerages

Shares of CRA International, Inc. (NASDAQ:CRAI) have been given an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.

Zacks has also assigned CRA International an industry rank of 87 out of 257 based on the ratings given to related companies.

Several research firms have weighed in on CRAI. ValuEngine downgraded CRA International from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. BidaskClub downgraded CRA International from a “buy” rating to a “hold” rating in a research note on Friday, September 14th. Finally, Zacks Investment Research upgraded CRA International from a “sell” rating to a “hold” rating in a research note on Tuesday, July 10th.

Hedge funds have recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. raised its holdings in CRA International by 53.0% during the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 60,142 shares of the business services provider’s stock valued at $3,061,000 after buying an additional 20,842 shares during the period. MetLife Investment Advisors LLC raised its holdings in CRA International by 74.4% during the 2nd quarter. MetLife Investment Advisors LLC now owns 4,929 shares of the business services provider’s stock valued at $251,000 after buying an additional 2,102 shares during the period. Paloma Partners Management Co purchased a new stake in CRA International during the 2nd quarter valued at $279,000. Sawgrass Asset Management LLC raised its holdings in CRA International by 203.5% during the 2nd quarter. Sawgrass Asset Management LLC now owns 21,090 shares of the business services provider’s stock valued at $1,073,000 after buying an additional 14,140 shares during the period. Finally, Public Employees Retirement System of Ohio raised its holdings in CRA International by 58.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,232 shares of the business services provider’s stock valued at $317,000 after buying an additional 2,307 shares during the period. Institutional investors and hedge funds own 85.12% of the company’s stock.

CRAI stock traded up $1.44 during midday trading on Friday, hitting $46.34. The company’s stock had a trading volume of 5,191 shares, compared to its average volume of 30,193. CRA International has a 12 month low of $40.76 and a 12 month high of $58.75. The company has a market capitalization of $354.67 million, a price-to-earnings ratio of 24.26 and a beta of 0.98.

CRA International (NASDAQ:CRAI) last posted its quarterly earnings results on Thursday, November 1st. The business services provider reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.09. CRA International had a return on equity of 11.16% and a net margin of 3.30%. The business had revenue of $103.87 million during the quarter, compared to the consensus estimate of $102.90 million. During the same period in the prior year, the company posted $0.41 EPS. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year.

About CRA International

CRA International, Inc, a consulting company, provides economic, financial, and management consulting services in the United States, the United Kingdom, and internationally. The company advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides corporations through critical business strategy and performance-related issues.

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